March 23, 2020/NSE Dangote Cement PLC (“DCP”), Nigeria’s largest company by market capitalisation on the Nigerian Stock Exchange, and the largest cement producer in Sub-Saharan Africa with an installed capacity of 45.6Mta across operations in 10 African countries, has obtained approvals from its Board of Directors to access the capital […]
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Nigerian Equities Market Open Week on a Negative Note Dips -2.24%
March 23, 2020/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI lost 2.24% to close at 21,700.98pts. Similarly, in today’s trade, market breadth index was negative with 25 losers against 9 gainers. DANGSUGAR (-10.00%) was top loser while MAYBAKER (+8.94%) led the gainers’ chart. ZENITHBANK (-9.70%) was the most actively […]
Nigerian Stocks Suffer Another Loss, ASI Dips -2.4% W/W on COVID-19 Fears, Falling Oil Prices
March 20, 2020/Cordros Report Nigerian stocks suffered another week of losses as worries deepened about the impact of the novel coronavirus outbreak and as oil prices fell to 17-year lows during the week. The ASI declined by 2.4% w/w, led by selloffs in DANGCEM (-15.2%) and NESTLE (-7.1%). Global economy […]
