Equities Archives - Nairametrics https://nairametrics.com/category/market-news/equities/ Destination for Business news and analysis from Africa's largest economy Sat, 17 Aug 2024 12:39:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Equities Archives - Nairametrics https://nairametrics.com/category/market-news/equities/ 32 32 201037849 Nigeria’s NGX Index drops 1.51% as investors react to results and Inflation data https://nairametrics.com/2024/08/17/nigerias-ngx-index-drops-1-51-as-investors-react-to-results-and-inflation-data/ https://nairametrics.com/2024/08/17/nigerias-ngx-index-drops-1-51-as-investors-react-to-results-and-inflation-data/#respond Sat, 17 Aug 2024 10:27:18 +0000 https://nairametrics.com/?p=495985 The Nigerian Stock Market (NGX) All-Share Index and market capitalization fell by 1.51% this week, closing at 97,100.31 points and N55.132 trillion, respectively, as investors weighed mixed corporate earnings, dividend announcements, and a slight dip in inflation.

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]]> https://nairametrics.com/2024/08/17/nigerias-ngx-index-drops-1-51-as-investors-react-to-results-and-inflation-data/feed/ 0 495985 Union Bank records 138% profit growth for 2023 as restructuring plans continue https://nairametrics.com/2024/08/17/union-bank-records-138-profit-growth-for-2023-as-restructuring-plans-continue/ https://nairametrics.com/2024/08/17/union-bank-records-138-profit-growth-for-2023-as-restructuring-plans-continue/#respond Sat, 17 Aug 2024 09:13:02 +0000 https://nairametrics.com/?p=495983 Nigeria’s second oldest bank, Union Bank of Nigeria has reported a pre-tax profit of N71.8 billion in the 2023 full year, marking a 138% growth from the N30.2 billion posted in FY 2022.  

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]]> https://nairametrics.com/2024/08/17/union-bank-records-138-profit-growth-for-2023-as-restructuring-plans-continue/feed/ 0 495983 Presco shares climb to N477, as gaining streak continues   https://nairametrics.com/2024/08/17/presco-shares-climb-to-n477-as-gaining-streak-continues/ https://nairametrics.com/2024/08/17/presco-shares-climb-to-n477-as-gaining-streak-continues/#respond Sat, 17 Aug 2024 07:24:12 +0000 https://nairametrics.com/?p=495974 Presco PLC ends another trading week in the green as its share price increases, continuing a three-month bull run. 

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]]> https://nairametrics.com/2024/08/17/presco-shares-climb-to-n477-as-gaining-streak-continues/feed/ 0 495974 UACN performance review through Q2 2024: Is now the Time to Buy?  https://nairametrics.com/2024/08/16/uacn-performance-review-through-q2-2024-is-now-the-time-to-buy/ https://nairametrics.com/2024/08/16/uacn-performance-review-through-q2-2024-is-now-the-time-to-buy/#respond Fri, 16 Aug 2024 05:51:52 +0000 https://nairametrics.com/?p=495898 UAC of Nigeria Plc recently released its Q2 2024 results, showing a 44% growth in pre-tax profit to N5.92 billion.  

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]]> https://nairametrics.com/2024/08/16/uacn-performance-review-through-q2-2024-is-now-the-time-to-buy/feed/ 0 495898 BREAKING: Seplat shares prices crosses N4,000 for the first time ever https://nairametrics.com/2024/08/15/breaking-seplat-shares-prices-crosses-n4000-for-the-first-time-ever/ https://nairametrics.com/2024/08/15/breaking-seplat-shares-prices-crosses-n4000-for-the-first-time-ever/#respond Thu, 15 Aug 2024 09:40:07 +0000 https://nairametrics.com/?p=495845 Seplat Nigeria Plc has crossed the N4,000 share price for the first time ever, marking a 9% gain in early trading on Thursday.

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]]> https://nairametrics.com/2024/08/15/breaking-seplat-shares-prices-crosses-n4000-for-the-first-time-ever/feed/ 0 495845 Julius Berger’s share price climbs by 34.02% in two weeks  https://nairametrics.com/2024/08/14/julius-bergers-share-price-climbs-by-34-02-in-two-weeks/ https://nairametrics.com/2024/08/14/julius-bergers-share-price-climbs-by-34-02-in-two-weeks/#respond Wed, 14 Aug 2024 06:37:30 +0000 https://nairametrics.com/?p=495746 Julius Berger closed trading on August 13, 2024, at a share price of N130.00, continuing a strong upward trend that has gained momentum since the start of the month.  

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]]> https://nairametrics.com/2024/08/14/julius-bergers-share-price-climbs-by-34-02-in-two-weeks/feed/ 0 495746 Seplat to pay N28 billion in interim dividends for second quarter of 2024  https://nairametrics.com/2024/08/13/seplat-to-pay-n28-billion-in-interim-dividends-for-second-quarter-of-2024/ https://nairametrics.com/2024/08/13/seplat-to-pay-n28-billion-in-interim-dividends-for-second-quarter-of-2024/#respond Tue, 13 Aug 2024 18:11:06 +0000 https://nairametrics.com/?p=495728 Seplat Energy Plc will pay N28 billion in interim dividends to its shareholders for the second quarter of 2024. 

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]]> https://nairametrics.com/2024/08/13/seplat-to-pay-n28-billion-in-interim-dividends-for-second-quarter-of-2024/feed/ 0 495728 Coronation’s pre-tax profit soars to N2.6 billion in the second quarter of 2024  https://nairametrics.com/2024/08/13/coronations-pre-tax-profit-soars-to-n2-6-billion-in-the-second-quarter-of-2024/ https://nairametrics.com/2024/08/13/coronations-pre-tax-profit-soars-to-n2-6-billion-in-the-second-quarter-of-2024/#respond Tue, 13 Aug 2024 08:46:19 +0000 https://nairametrics.com/?p=495680 Coronation Insurance posted a pre-tax profit of N2.6 billion in its recently published financial statement for the second quarter of 2024. 

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]]> https://nairametrics.com/2024/08/13/coronations-pre-tax-profit-soars-to-n2-6-billion-in-the-second-quarter-of-2024/feed/ 0 495680 Custodian Investment to pay 15 kobo in dividend to shareholders, registration deadline announced  https://nairametrics.com/2024/08/12/custodian-investment-to-pay-15-kobo-in-dividend-to-shareholders-registration-deadline-announced/ https://nairametrics.com/2024/08/12/custodian-investment-to-pay-15-kobo-in-dividend-to-shareholders-registration-deadline-announced/#respond Mon, 12 Aug 2024 07:53:49 +0000 https://nairametrics.com/?p=495616 Custodian Investment PLC announced the date it expects shareholder names to appear in its books in August. 

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]]> https://nairametrics.com/2024/08/12/custodian-investment-to-pay-15-kobo-in-dividend-to-shareholders-registration-deadline-announced/feed/ 0 495616 Prestige Assurance approves dividend payments for 2024, selects two external auditing companies  https://nairametrics.com/2024/08/10/prestige-assurance-approves-dividend-payments-for-2024-selects-two-external-auditing-companies/ https://nairametrics.com/2024/08/10/prestige-assurance-approves-dividend-payments-for-2024-selects-two-external-auditing-companies/#respond Sat, 10 Aug 2024 10:02:14 +0000 https://nairametrics.com/?p=495557 Prestige Assurance held its Annual General Meeting (AGN) on August 8, 2024, to make resolutions needed in the company for the rest of the year. 

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]]> https://nairametrics.com/2024/08/10/prestige-assurance-approves-dividend-payments-for-2024-selects-two-external-auditing-companies/feed/ 0 495557 FCMB Asset Management set to raise N100 billion in Nigeria’s first private credit fund  https://nairametrics.com/2024/08/08/fcmb-asset-management-set-to-raise-n100-billion-in-nigerias-first-private-credit-fund/ https://nairametrics.com/2024/08/08/fcmb-asset-management-set-to-raise-n100-billion-in-nigerias-first-private-credit-fund/#respond Thu, 08 Aug 2024 14:49:11 +0000 https://nairametrics.com/?p=495483 FCMB Asset Management is set to raise about N100 billion (~$63 million) over the next one year as it pioneers Nigeria’s first private credit fund.  

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]]> https://nairametrics.com/2024/08/08/fcmb-asset-management-set-to-raise-n100-billion-in-nigerias-first-private-credit-fund/feed/ 0 495483 One year after floating Naira, NGX market cap drops by $27.8 billion   https://nairametrics.com/2024/08/08/one-year-after-floating-naira-ngx-market-cap-drops-by-27-8-billion/ https://nairametrics.com/2024/08/08/one-year-after-floating-naira-ngx-market-cap-drops-by-27-8-billion/#respond Thu, 08 Aug 2024 11:18:10 +0000 https://nairametrics.com/?p=495464 About one year after the move by the Central Bank to float the Naira and achieve a unified exchange rate, the market capitalization of the Nigerian Exchange (NGX) has declined by $27.8 billion.  

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]]> https://nairametrics.com/2024/08/08/one-year-after-floating-naira-ngx-market-cap-drops-by-27-8-billion/feed/ 0 495464 CBN drops stop rate on one-year Treasury Bills to 21.889% in latest August auction  https://nairametrics.com/2024/08/08/cbn-drops-stop-rate-on-one-year-treasury-bills-to-21-889-in-latest-august-auction/ https://nairametrics.com/2024/08/08/cbn-drops-stop-rate-on-one-year-treasury-bills-to-21-889-in-latest-august-auction/#respond Thu, 08 Aug 2024 10:15:43 +0000 https://nairametrics.com/?p=495459 The Central Bank of Nigeria (CBN) has adjusted the stop rate on one-year Treasury Bills (T-Bills) to 21.889% in its latest auction held on August 7, 2024. 

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]]> https://nairametrics.com/2024/08/08/cbn-drops-stop-rate-on-one-year-treasury-bills-to-21-889-in-latest-august-auction/feed/ 0 495459 Airtel buys back 406,000 more of its own shares as second-quarter pre-tax profit soars by 133.6%  https://nairametrics.com/2024/08/08/airtel-buys-back-406000-more-of-its-own-shares-as-second-quarter-pre-tax-profit-soars-by-133-6/ https://nairametrics.com/2024/08/08/airtel-buys-back-406000-more-of-its-own-shares-as-second-quarter-pre-tax-profit-soars-by-133-6/#respond Thu, 08 Aug 2024 10:02:14 +0000 https://nairametrics.com/?p=495457 On August 7, 2024, Airtel Africa announced the purchase of more of its shares from Citigroup Global Markets as part of its share buyback program. 

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]]> https://nairametrics.com/2024/08/08/airtel-buys-back-406000-more-of-its-own-shares-as-second-quarter-pre-tax-profit-soars-by-133-6/feed/ 0 495457 MeCure reports 38% rise in revenues as cost mute profit growth   https://nairametrics.com/2024/08/08/mecure-reports-38-rise-in-revenues-as-cost-mute-profit-growth/ https://nairametrics.com/2024/08/08/mecure-reports-38-rise-in-revenues-as-cost-mute-profit-growth/#respond Thu, 08 Aug 2024 06:56:35 +0000 https://nairametrics.com/?p=495443 MeCure Industries PLC released its 2024 second quarter results, reporting a pre-tax profit of N1.33 billion. 

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]]> https://nairametrics.com/2024/08/08/mecure-reports-38-rise-in-revenues-as-cost-mute-profit-growth/feed/ 0 495443 AXA Mansard’s pre-tax profit grows by 57.79% in the second quarter of 2024, as revenue skyrockets  https://nairametrics.com/2024/08/07/axa-mansards-pre-tax-profit-grows-by-57-79-in-the-second-quarter-of-2024-as-revenue-skyrockets/ https://nairametrics.com/2024/08/07/axa-mansards-pre-tax-profit-grows-by-57-79-in-the-second-quarter-of-2024-as-revenue-skyrockets/#respond Wed, 07 Aug 2024 06:02:05 +0000 https://nairametrics.com/?p=495373 AXA Mansard published its 2024 second-quarter results, reporting a pre-tax profit of N14.9 billion. 

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]]> https://nairametrics.com/2024/08/07/axa-mansards-pre-tax-profit-grows-by-57-79-in-the-second-quarter-of-2024-as-revenue-skyrockets/feed/ 0 495373 CBN injects N700 billion bailout in Unity Bank-Providus Bank merger https://nairametrics.com/2024/08/07/cbn-injects-n700-billion-bailout-in-unity-bank-providus-bank-merger/ https://nairametrics.com/2024/08/07/cbn-injects-n700-billion-bailout-in-unity-bank-providus-bank-merger/#respond Wed, 07 Aug 2024 05:50:37 +0000 https://nairametrics.com/?p=495367 Nigeria's Central Bank approved a financial package worth N700 billion to support the proposed merger between Unity Bank Plc and Providus Bank Limited, according to a document seen by Nairametrics.

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]]> https://nairametrics.com/2024/08/07/cbn-injects-n700-billion-bailout-in-unity-bank-providus-bank-merger/feed/ 0 495367 Kuda posted $32 million loss in 2022 amid increase in revenue, customer base   https://nairametrics.com/2024/08/06/kuda-posted-32-million-loss-in-2022-amid-increase-in-revenue-customer-base/ https://nairametrics.com/2024/08/06/kuda-posted-32-million-loss-in-2022-amid-increase-in-revenue-customer-base/#respond Tue, 06 Aug 2024 20:03:36 +0000 https://nairametrics.com/?p=495359 Nigerian neobank, Kuda, recorded a net loss of $32 million in 2022 according to its latest financial report filed in the UK. 

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]]> https://nairametrics.com/2024/08/06/kuda-posted-32-million-loss-in-2022-amid-increase-in-revenue-customer-base/feed/ 0 495359 Jumia records $20.2 million operating loss in Q2 2024 as revenue decline  https://nairametrics.com/2024/08/06/jumia-records-20-2-million-operating-loss-in-q2-2024-as-revenue-decline/ https://nairametrics.com/2024/08/06/jumia-records-20-2-million-operating-loss-in-q2-2024-as-revenue-decline/#respond Tue, 06 Aug 2024 16:17:57 +0000 https://nairametrics.com/?p=495346 Africa’s e-commerce group, Jumia, posted a $20.2 million operating loss in Q2 2024 amid a 17% decline in revenue. 

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]]> https://nairametrics.com/2024/08/06/jumia-records-20-2-million-operating-loss-in-q2-2024-as-revenue-decline/feed/ 0 495346 Foreign inflow into the NGX rises to $161.4 million in first half of 2024 https://nairametrics.com/2024/08/06/foreign-inflow-into-the-ngx-rises-to-161-4-million-in-first-half-of-2024/ https://nairametrics.com/2024/08/06/foreign-inflow-into-the-ngx-rises-to-161-4-million-in-first-half-of-2024/#respond Tue, 06 Aug 2024 12:50:57 +0000 https://nairametrics.com/?p=495325 Foreign portfolio inflow into the Nigerian Exchange (NGX) in the first half of 2024 was about $161.4 million, representing a 14% year-on-year growth from $141.8 million as at the first half of 2023.  

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]]> https://nairametrics.com/2024/08/06/foreign-inflow-into-the-ngx-rises-to-161-4-million-in-first-half-of-2024/feed/ 0 495325