ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Capital Market

NSE’s All Share Index drop by 0.61% as investors trade with caution ahead of Elections.

Business 360 by Business 360
February 25, 2019
in Capital Market
0
NSE Benchmark Index drops by 0.78%

Ahead of the Elections which held over the weekend in the Country, investors exhibited heightened apprehension in the Nation’s capital Market which resulted in transactions characterized by Low liquidity as manifested at the end of last week’s transactions.

The All Share index dropped by 0.61% to close the week at 32,515.52 points and market capitalization at N12.126 trillion.

All other indices also finished lower with the exception of the NSE ASem, NSE Banking, NSE Insurance, NSE-AFR Bank Value and NSE Oil/Gas, which rose by 0.96 per cent , 0.68 per cent, 0.02 per cent 0.95 per cent and 0.13 per cent respectively.

Meanwhile, a turnover of 1.481 billion shares worth N17.647 billion was recorded in 20,449 deals by investors on the floor of the exchange lower than a total of 2.834 billion units valued at N28.138 billion that changed hands in 28,739 deals during the preceding week.

Transnational Corporation of Nigeria Plc (Transcorp), last week, announced its audited results for the year ended December 31, 2018, with a 94 per cent growth in Profit After Tax (PAT) of ₦20.6 billion in 2018, compared to ₦10.6 billion achieved in the corresponding period of 2017.

The group’s turnover grew by 30 per cent to ₦104.2 billion while Profit Before Tax (PBT) increased to ₦22.4 billion from ₦12.3 billion in 2017, depicting an 82 per cent year on year growth.

According to the company, the improved performance comes as a result of increased revenue generation from the power and hospitality segments of the group.

In addition, the company’s efforts to cut down on loss from Forex arising from financing activities by 30 per cent year-on-year also gave boost to its performance.

Meanwhile operators have urged government to make political positions less attractive and more of service to the nation, than a platform for becoming billionaires overnight to reduce election violence to the barest minimum.

Previous Post

Charles Aigbe: Succession planning, key to sustainable economic growth

Next Post

Financial Market weekly report

Business 360

Business 360

Next Post
Financial Market weekly report

Financial Market weekly report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

August 10, 2020
COVID-19: Maize Farmers cut down production by 30%

COVID-19: Maize Farmers cut down production by 30%

July 15, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
LCCI Boss urges CBN to reassess factors driving inflationary pressures in Nigeria’s economy

LCCI Boss urges CBN to reassess factors driving inflationary pressures in Nigeria’s economy

January 30, 2023
UN projects three per cent economic growth for Nigeria

UN projects three per cent economic growth for Nigeria

January 30, 2023
Foreign Currency: Inflows dropped to $1.83bn in 2020, Year of COVID – CBN

Naira Swap: Relief As Buhari Extends Deadline By 10 Days

January 30, 2023
Tanzania aims to become an online Business Hub in Africa through Investments in ICT

Tanzania aims to become an online Business Hub in Africa through Investments in ICT

January 30, 2023
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • AI
  • Art
  • Arts
  • Aviation
  • Blockchain
  • Business 360 Weekly
  • Business Travels
  • Capital Market
  • Corporate
  • Destination Business
  • Economy
  • Education
  • Electric Vehicles
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Fashion
  • Finance
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • News
  • NGOs
  • Political Economy
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tech
  • Tourism
  • Transportation
  • Uncategorized
  • World

Recent News

LCCI Boss urges CBN to reassess factors driving inflationary pressures in Nigeria’s economy

LCCI Boss urges CBN to reassess factors driving inflationary pressures in Nigeria’s economy

January 30, 2023
UN projects three per cent economic growth for Nigeria

UN projects three per cent economic growth for Nigeria

January 30, 2023
  • Africa
  • World
  • Our Shows

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!