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Ikeja Hotel Plc to raise additional capital via rights issue, declares 1

Ikeja Hotel Plc to raise additional capital via rights issue, declares 1
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Capital Hotels : HOTEL PLC-CHP EXPLANATORY STATEMENT

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt about the contents of this document or any action to be taken, you should.

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Half Year 2023 price performance: FTN Cocoa leads others with 724 14% growth

July 3, 2023. Azonuchechi Chukwu. The Nigerian stock market in the first half of 2023 closed on a bullish note with 18.96% growth, year to date. As at June 30, 2023, the All Share Index and Market Capitalisation stand at 60,968.27 points and N33.198 trillion respectively. Within the last 6 months, prices of stocks have |

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Karim Malak has been appointed General Manager at easyHotel Plc

Karim Malak has been named CEO of EasyHotel and is expected to join the budget hotel group in December. His appointment follows the death of former general manager François Bacchetta, who died earlier this year at the age of 56.

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Trading Value Falls as Investors Adopt Cautious Trading

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 billion to be at N19.771 trillion. After declining the previous week, the bearish sentiments persisted last week for the second consecutive week, as investors booked profits on bellwether stocks. They were also cautious by investors as they await the release of Q2-21 earnings. However, while investors are eagerly waiting for the performance of companies, United Capital Plc on Wednesday announced its results for H1.

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