Almost two months after the federal government approved a N5 billion bailout for the aviation sector, operators are worried over the delay in its release, even
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TODAY
December 24, 2020
Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping by N2 billion ahead of the Christmas celebration.
Specifically, the market capitalization which opened at N20.281 trillion lost two billion naira to close at N20.279 trillion.
Similarly, the All-Share Index shed 3.73 points or 0.01 percent to close at 38,800.01 from 38,803.74 recorded on Wednesday.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Lafarge Africa, Guaranty Trust Bank, Champion Breweries, United Bank for Africa and May & Baker.
Champion Breweries led the losers’ chart in percentage terms, losing 7.87 percent, to close at 82k per share.
Vanguard News
Nigeria stock market gains N334bn on Dangote Cement share buyback
On
Stock Market
The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks.
Specifically, the market capitalisation rose by N334 billion or 1.74 per cent to close at N19.570 trillion compared with N19.236 trillion achieved on Friday.
Accordingly, month-to-date and year-to-date gain increased to 6.9 per cent and 9.5 per cent, respectively.
The Chief Operating Officer, InvestData Ltd., Mr Ambrose Omordion, attributed the bullish run to buying interest in Dangote Cement, due to planned repurchase of 10 per cent announced by the company scheduled for Dec. 30 and 31.
TODAY
December 21, 2020
The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks.
Specifically, the market capitalisation rose by N334 billion or 1.74 per cent to close at N19.570 trillion compared with N19.236 trillion achieved on Friday.
Also, the All-Share Index which opened at 36,804.75 appreciated by 638.65 points or 1.74 per cent to close at 37,443.40.
Accordingly, month-to-date and year-to-date gain increased to 6.9 per cent and 9.5 per cent, respectively.
The Chief Operating Officer, InvestData Ltd., Mr Ambrose Omordion, attributed the bullish run to buying interest in Dangote Cement, due to planned repurchase of 10 per cent announced by the company scheduled for Dec. 30 and 31.