Investadvocate

UACN Plc Q1 2026: CHI Acquisition Fuels Revenue Expansion and Margin Growth

InvestAdvocate — Wed, 24 Jun 2026 18:18:54 +0000

Buy recommendation maintained June 24, 2026/CSL Update UAC of Nigeria Plc (UACN) delivered a strong Q1 2026 performance, with Revenue surging by 241.5% year-on-year (y/y) to ₦191.2 billion, compared with ₦56.0 billion in Q1 2025. The impressive growth was primarily driven by the consolidation of CHI Limited’s operations, which led to robust sales growth in…

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NGXASI Dips -2.3% on Losses in Industrial Goods Counters

InvestAdvocate — Wed, 24 Jun 2026 18:04:09 +0000

June 24, 2026/InvestmentOne Report The NGXASI declined by 2.34% to close at 235,074.54pts, as the losses recorded in DANGCEM (-10.00%), BUACEMENT (-10.00%) and GEREGU (-10.00%) drove the local equities market into the red. In the fixed income space, the Treasury Bills secondary market traded on a negative note, driven by sell pressure at the three…

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Market Retreats Amid Broad-Based Selling Pressure

InvestAdvocate — Wed, 24 Jun 2026 18:01:15 +0000

June 24, 2026/United Capital Report Market Summary: Today, the Nigerian Exchange Market closed on a negative note due to share price depreciation in DANGCEM (-10.00%) and BUACEMENT (-10.00%) As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) fell by 2.35% to settle at 235,074.54 points Year to date returns fell to settle at 51.06%…

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