Investors Bite

NSE Down 0.85% as Investors Sentiment Remain Negative on Massive Selloffs

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday dipped 0.85 percent to close at 28,488.56 points; while market capitalisation dropped by N84.26 billion to N9.78 trillion. “Today’s performance extended the Month-to-Date loss to 3.75 percent and swung the Year-to-Date return into the negative territory (-0.54%),” Cordros […]

Asian shares dip, crude oil extends losses

Tue Jul 19, 2016/Reuters Asian shares slipped on Tuesday as a downturn in crude oil curbed enthusiasm from fresh record highs on Wall Street, prompting investors to take profits on recent market gains. The subdued mood was expected to extend into European trading, with financial bookmakers at CMC Markets calling […]

UNILEVER Reports N67.9 Million Pretax Profit in H1 2016 Results

By InvestAdvocate Lagos (INVESTADVOCATE)-Soap and detergent producer, Unilever Nigeria Plc said on Monday its profit before tax (PBT) for the first-half (H1) period ended June 30, 2016 was N67.9 million compared to a loss of N770.6 million recorded a year ago. Profit after tax (PAT) for the review period was […]