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'Postal reforms bill hostile, might collapse logistics industry' | The Guardian Nigeria News - Nigeria and World News — Business — The Guardian Nigeria News – Nigeria and World News

'Postal reforms bill hostile, might collapse logistics industry' | The Guardian Nigeria News - Nigeria and World News — Business — The Guardian Nigeria News – Nigeria and World News
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Stock Market Reverses Gains as Investors Book Profits


Goddy Egene
The stock market closed last week on negative note as the positive sentiments of the previous week could not be sustained.
The pullback followed profit-taking in blue-chip stocks, especially in banking and consumer goods sectors by some investors.
As a result, the Nigerian Exchange(NGX) Limited All-Share Index (ASI), which appreciated by 1.47 per cent two weeks ago, fell 0.57 per cent to close at 37,994.19, while market capitalisation shed N123.7 billion to be at N19.796 trillion last week.
However, the slowdown in momentum or correction, according to the analysts at InvestData Consulting, has created opportunities, for discerning investors to reposition in interim dividend paying stocks. ....

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Redstar Express Invests for Future


Goddy Egene
The year 2020 was a very challenging one as a result of the COVID pandemic that impacted businesses and individuals. As financial results of listed companies are being released, the impact of the pandemic is becoming more manifest. It has been a mixed grill as some companies record declines in their profitability, some losses and other profits.
Another major impact of the pandemic was a reduction in investment by most companies given the uncertainties that prevailed in the year. But few discerning companies, which have good foresight and saw opportunities in the challenges thrown up by the pandemic, made significant investments in their assets. ....

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Investors Gain N199bn as Market Sustains Positive Momentum


Goddy Egene
The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose further by 1.10 per cent to close at 34,225.22 as the market sustained its positive momentum yesterday. The market capitalisation gained N199.5 billion to close at N18.4 trillion.
The bulls had returned to the market on Monday with a gain of 1.73 per cent after losing out the bears the previous week due to profit taking.
However, the gains were sustained yesterday as 28 stocks appreciated compared with 14 stocks that depreciated. LASACO Assurance Plc led the price gainers with 10 per cent while AXA Mansard Insurance Plc gained 9.3 per cent to occupy the second position. FTN Cocoa Processors Plc and Japaul Gold garnered 8.3 per cent and 8.0 per cent respectively. ....

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