Page 2 - Processors Plc News Today

The most recent news from Nigeria and across the world is available at The News Chronicle. The News Chronicle provides the most recent headlines, commentary, and political news.

Goddy Egene Both volume and value of trading at the stock market fell last week as investors continued with profit-taking and cautious approach while waiting for the release of half year corporate results. The volume of trading fell by 25 per cent from 1.348 billion shares worth N12.140 billion to 1.008 billion shares valued at N10.923 billion. Also the Nigerian Exchange (NGX) Limited All-Share Index (ASI) declined by 0.12 per cent to close at 37,947.18, while market capitalisation shed N24.5 b...

By Goddy Egene The stock market opened for the week extending the negative performance of last week with the Nigerian Exchange (NGX) Limited All-Share Index (ASI) declining by 0.36 per cent to close at 37,857.89 yesterday. Similarly, the market capitalisation shed N70.9 billion to close lower at N19.723 trillion. The market had went into the bears’ territory last week due to profit-taking after a positive performance the previous week. Specifically, the market dipped by 0.57 per cent. That be...

Goddy Egene writes that as inflation rate remains above 18 per cent, the stock market still provides investors opportunity to earn positive returns on their investments When investors stake their funds, their expectation is to reap positive returns on investments. That means a return that is above inflation rate. And considering the fact that inflation rate stood at 18.12 per cent as at the end of April 2021, investors must invest in securities that would produce a return of above 18.12 per cen...

Share Members of the House of Representatives on Tuesday underscored the need for Federal Government to support cocoa processing company, Ede and other cocoa processing firms in Nigeria. The lawmakers also urged the present administration to establish a National Cocoa Processing Intervention Fund and resuscitate the Nigerian Cocoa Processing Industry. The resolution was passed sequel to the adoption of a motion sponsored by Hon. Bamidele Salam, who called for the House intervention with the vie...

The stock market attracted N42.142 billion invested in 1.602 billion shares in 19,507 deals last week. This was an increase of 292 per cent compared with the N10.759 billion staked on 1.263 billion shares in 19,975 deals the previous week. Equally, the NGX All-Share Index rose 1.27 per cent to close higher at 39,301.82. The rebound in the market could be linked to investors’ renewed appetite for shares boosted by the release of companies’ first quarter (Q1) results. According to analysts, t...

Goddy Egene The nation’s stock market remained bearish last week leading to a decline of 0.15 per cent in the Nigerian Exchange Limited (NGX) All-Share Index to close at 38,808.01, while market capitalisation ended at N20.310 trillion. The market had similarly dipped the previous week. However, unlike two weeks ago when the volume and value of trading also decline, investors staked more funds last week. A total of 1.263 billion shares worth N10.759 billion were traded in 19,975 deals last wee...

Goddy Egene Investors staked N7.51 billion on 2.13 billion shares in 4,558 deals yesterday at the stock market as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares exchanged for N2.184 billion in 6,090 deals the previous day. Champion Breweries Plc was the most traded stock by volume and value at 1.91 billion shares and N4.95 billion respectively. The sustained bullish trend lifted the Nigerian Stock Exchange (NSE) All-Share ...

The sustained bullish trend that has characterized the Nigerian Stock market since the beginning of the year continued as the All-Share Index (ASI) rose by 0.31 per cent to close on Thursday at 40,490.85, while market capitalisation added N65.7 billion to close at N21.2 trillion. At the stock market, investors staked N7.51 billion on 2.13 billion shares in 4,558 deals as the bulls continued to dominate trading. The value of trading soared by 755 per cent compared to 249.545 million shares excha...

By Goddy Egene The stock market recorded further growth yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.8 per cent to close at 39,110.17, while the market capitalisation added N167.6 billion to close at N20.4 trillion. Although nine stocks appreciated compared with 20 stocks that depreciated, the performance was buoyed by strong demand for the shares BUA Cement Plc( 6.7 per cent), Zenith Bank Plc (2.0 per cent) and Access Bank Plc. However, Jaiz Bank Plc led the pric...