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Good evening and welcome to this week’s edition of Bulls and Bears.
This is a weekly thread where i look at happenings on the @nsenigeria in the outgone week.
This is a weekly thread where i look at happenings on the @nsenigeria in the outgone week.
Please retweet the very first tweet on the thread, so those on your timeline do not miss out.
If you have any questions or comments, please feel free to share.
If you have any questions or comments, please feel free to share.
So how was trading this week?
This week’s trading session was abridged, due to the holidays declared on Thursday and Friday by the Federal Government to mark the Eid-El-Kabir celebrations
This week’s trading session was abridged, due to the holidays declared on Thursday and Friday by the Federal Government to mark the Eid-El-Kabir celebrations
The @nsenigeria All-Share Index gained 1.09%. Year to date, it is down8%
The index measures the average price movement on the stock exchange.
Unity Bank was the best performing stock this week. The stock gained 17.3% to close at N0.61.
The index measures the average price movement on the stock exchange.
Unity Bank was the best performing stock this week. The stock gained 17.3% to close at N0.61.
Smart Products was the worst-performing stock this week. The stock declined by 31% to close at N0.29.
The sharp fall can be partly attributed to the stock being marked down by N0.10. A markdown is when a dividend is subtracted from a stock& #39;s share price.
The sharp fall can be partly attributed to the stock being marked down by N0.10. A markdown is when a dividend is subtracted from a stock& #39;s share price.
Moving on to earnings.
Several firms released their results this week. It would have been impossible to cover all and have this thread ready in good time.
So I focused on key firms, either by market cap or sectoral importance.
Several firms released their results this week. It would have been impossible to cover all and have this thread ready in good time.
So I focused on key firms, either by market cap or sectoral importance.
Presco released its results for the half-year ended June 2020. The numbers show a bumper rise in earnings in Q2.
Revenue grew by 29.3% from N10.4 billion in 2019 to N13.4 billion in 2020.
Revenue grew by 29.3% from N10.4 billion in 2019 to N13.4 billion in 2020.
