The positive momentum sustained from the beginning of the month crawled into the week in what has been described as the “Santa Clause Rally”. This generally led to investors gaining big. Similarly, investors in stocks worth over one trillion (SWOOTs)…
By Philemon Adedeji At the Nigerian Exchange Limited (NGX), Equities market halted a day negative performance on Thursday, driven by gains sustained in industrial heavyweight , Zenith Bank, Buacement, amidst other gainers pushed the broader index into positive sentiments, as…
Three cement companies listed on the NGX raked in N1.709 trillion worth of revenue during the third quarter (Q3) that ended September 30, 2022, representing a 19.68 per cent growth over N1.428 trillion reported by the companies in Q3 2021.…
By Seun Ibiyemi Both Dangote cement, BUA cement and Lafarge cement are popular amongst cement producers in Nigeria. Also they are all listed on the Nigerian stock exchange. The similarity ends here, however,for the 2022 half year review, Dangote cement…
The equity market started the week and the month on a weak note due to sell-off in some largely capitalised, making capital capitalisation to drop by N226.45 billion. The negative performance was driven by BUA Cement, Neimeith, Fidelity Bank, International…
BUA Cement says it is in discussion with the International Finance Corporation (IFC) to obtain a loan for expansion of its integrated cement plant in Kalambaina, Sokoto State. The cement company disclosed this in a statement signed by Hauwa Garba…
BUA cement reports profit of N33bn in Q1 2022BUA cement producer, has released its first quarter (Q1) 2021 unaudited results reporting a profit of N33.14 billion during the period, representing 48.18 per cent increase year-on-year (Y-o-Y). Further analysis of the…
BUA Cement Plc on Wednesday released its 2021 audited FY results reporting a profit of N90 billion during the period, representing a 24.51 per cent increase year on year (Y-o-Y). The company’s result is on the back of an inflationary…
The combined market capitalisation of stocks worth over one trillion (SWOOTs) appreciated by 2.70% to close at N18.23 trillion from N17.75 trillion the previous week, reflecting a gain of N478.72 billion. Stocks included in this classification are AIRTEL AFRICA, BUA…
The nation’s bourse reversed losing streak on Tuesday with the market indices rebounding by 0.58 per cent on bargain hunting in BUA Cement and BUA Foods. Speficially, the All-Share Index inched higher by 256.23 points or 0.58 per cent to…
