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Chevron Nigeria Plc has recorded a significant improvement in its financials, posting a 317 per cent increase in its bottom line for the third quarter financial performance.
VT Leasing Limited has expressed its readiness to list on the Nigerian Stock Exchange (NSE) within the next two years.
Players in the country's capital market are meeting on Tuesday morning to discuss the separation of ownership and management referred to as demutualisation of the Nairobi Stock Exchange.
Trading at the Uganda Securities Exchange (USE) slumped to a turnover of Ugsh 80.4m from over Ugsh 500m in the previous week.
As part of efforts at making the Nigerian Stock Exchange (NSE) a profit making organisation, the council of the NSE yesterday approved the new organisational structure to run the operations of the Exchange after the exercise.
The shares of Guaranty Trust Assurance was listed on the official list of the Nigerian Stock Exchange (NSE) on Friday as the Exchange lists a total of 10 billion shares of company at 50 kobo each at N3.per share.
The Securities and Exchange Commission (SEC) has announced the suspension of two stockbroking firms -Sikon Securities Limited and Gossord Securities Limited for various forms of market infractions.
The strong rally witnessed on the Zimbabwe Stock Exchange in the previous week immediately came under a check during the week ended yesterday, as investors descended on the high yielding investment market to pocket gains reaped in the preceding week that saw the market awarding the highest weekly return to investors since the beginning of the year.
DELTA Corporation Limited, Zimbabwe's prime producer and distributor of alcoholic and non-alcoholic beverages, has suffered a US$2 million impairment from the disposal of its 30 percent stake in Ariston Holdings Limited at US$4 million.
Activities on the Nigerian Stock Exchange retained its recovery streak yesterday on the heels of three days unsteady movement in the major performance indicators.
SHARES in technology company Spescom surged 5,77% yesterday to 55c, after it reported headline earnings per share of 12,7c for the year to September -- a rise of 24,5% from the previous year.
JSE-listed Rainbow Chicken , supplier of birds to fast-food chains KFC and Nando's, yesterday warned of lower profit levels to come, even as it reported higher chicken sales.
Equities' value on the Nigerian Stock Exchange (NSE) appreciated Wednesday, by N17.04 billion. Specifically, equities' value, represented by the market capitalisation, rose by 0.34 per cent to close at N5.064 trillion from N5.047 trillion at which it opened.
East African Portland Cement Company shareholders have approved the directors' decision to issue a Sh3 billion bond to repay a nagging yen-denominated loan.
Pristine Global Pvt has invested $100,000 to expand its business in Tanzania, Malawi and Senegal.
AFRICA Land Fund has gained control of Ariston Holdings after buying Delta Beverages' 41 percent equity in the horticultural firm for about US$4 million.
The Capital Markets Advisory Council (CMAC), an institution that regulates capital markets activities in Rwanda wants investors on the Rwanda stock exchange to be given more protection through the establishment of the Investors' Compensation Fund.
THE Government is working towards modernising all the markets in the country, Vice-President George Kunda has said.
THE Blue Ink All South African Hedge Fund Composite, which tracks about 100 hedge funds in SA, increased 11,79% for the 12-month period to end-September, while the FTSE/JSE a ll s hare i ndex rose 7,7% for the period.
TRADING on the Zimbabwe Stock Exchange opened the week bearish with the key industrial index shedding 2,54 percent to close at 159.94 points due to profit taking.
Losses recorded in the shares of 34 companies,especially those of Mobil, and food manufacturing major, Nigerian Bottling Company (NBC), yesterday pushed the primary equity performance indicators back to the negative region.
Preparatory to the listing of its shares on the Nigerian Stock Exchange (NSE) after a successful private placement, Geo Fluids Plc has recorded a shareholders' funds of N6.354 billion for the financial year ended December 31, 2008.
Stanbic IBTC Bank Plc has concluded arrangements to raise N2 billion from the capital market through its two new fixed income funds -- the Stanbic IBTC Money Market Fund (SIMM) and the Stanbic IBTC Bond Fund (SIBOND).
Buyers are coming down heavily on the Botswana Stock Exchange(BSE) outweighing sellers as the renewed confidence in the economy's performance has attracted investors back to the domestic bourse.
ON FRIDAY I told you that Jean and I were building a high- dividend yield portfolio as part of our own main portfolio and that we had bought shares in the construction company Stefanutti Stock Holdings (Stefstock). I wrote also that the staring point was a share price of R10,70 with a historic earnings yield of 17,3% and a dividend yield of 5,4%.
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