The following warnings occurred:
Warning [2] Undefined array key "avatartype" - Line: 783 - File: global.php PHP 8.0.30 (Linux)
File Line Function
/global.php 783 errorHandler->error
/showthread.php 26 require_once
Warning [2] Undefined array key "avatartype" - Line: 783 - File: global.php PHP 8.0.30 (Linux)
File Line Function
/global.php 783 errorHandler->error
/showthread.php 26 require_once
Warning [2] Undefined variable $awaitingusers - Line: 34 - File: global.php(844) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/global.php(844) : eval()'d code 34 errorHandler->error
/global.php 844 eval
/showthread.php 26 require_once
Warning [2] Undefined array key "mybb" - Line: 1952 - File: inc/functions.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions.php 1952 errorHandler->error
/inc/functions_indicators.php 41 my_set_array_cookie
/showthread.php 629 mark_thread_read
Warning [2] Undefined property: MyLanguage::$ratings_update_error - Line: 5 - File: showthread.php(732) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(732) : eval()'d code 5 errorHandler->error
/showthread.php 732 eval
Warning [2] Undefined array key "additionalgroups" - Line: 7162 - File: inc/functions.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions.php 7162 errorHandler->error
/inc/functions_user.php 844 is_member
/inc/functions_post.php 406 purgespammer_show
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "profilefield" - Line: 6 - File: inc/functions_post.php(474) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php(474) : eval()'d code 6 errorHandler->error
/inc/functions_post.php 474 eval
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "showimages" - Line: 741 - File: inc/functions_post.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php 741 errorHandler->error
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "showvideos" - Line: 746 - File: inc/functions_post.php PHP 8.0.30 (Linux)
File Line Function
/inc/functions_post.php 746 errorHandler->error
/showthread.php 1070 build_postbit
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "threadprefix" - Line: 4 - File: showthread.php(1168) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1168) : eval()'d code 4 errorHandler->error
/showthread.php 1168 eval
Warning [2] Undefined array key "invisible" - Line: 1506 - File: showthread.php PHP 8.0.30 (Linux)
File Line Function
/showthread.php 1506 errorHandler->error
Warning [2] Undefined variable $threadnotesbox - Line: 30 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 30 errorHandler->error
/showthread.php 1533 eval
Warning [2] Undefined variable $addremovesubscription - Line: 79 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 79 errorHandler->error
/showthread.php 1533 eval
Warning [2] Undefined variable $forumjump - Line: 86 - File: showthread.php(1533) : eval()'d code PHP 8.0.30 (Linux)
File Line Function
/showthread.php(1533) : eval()'d code 86 errorHandler->error
/showthread.php 1533 eval




Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Stock Market Dips To Six Weeks Low On Weak Earnings
#1
The gauge of the Nigerian stock market declined the most in six weeks on Wednesday following disappointing earnings report by big corporations.

The All Share Index of the Nigerian Stock Exchange declined 1.1 percent on Wednesday, the highest single-day drop since June 21. The market capitalisation of listed equities declined from N13.459 trillion on Tuesday to N13.263 trillion on Wednesday.

Dangote Cement Plc, the largest share by market value, dipped by 1.3 percent. While Royal Exchange Plc declined by 10 percent and Nigerian Breweries Plc pulled back by 1.9 percent respectively.

Mr. Olufemi Awoyemi, the Chief Executive of Proshare Nigeria Limited was quoted by Bloomberg as saying that some companies cut their earnings projection following poor first half of the year.

“Some investors want to play safe and are moving to the fixed-income market,” he added.

Also, the rising political tension weighed on decision making. The ruling party, All Progressives Congress, has lost key members, including the Senate president to the opposition part amid series of accusations between its members.

The Senate President, Bukola Saraki, and the governor of Sokoto State, Aminu Tambuwal left the ruling party to join the Peoples Democratic Party, which has ruled the nation for 16 years until a coalition party, APC, defeated them in 2015.

An economist at Vetiva Capital Management Limited, Michael Famoroti, said politics will drive the medium term market performance.

However, he attributed the weak market sentiment to disappointing earnings from Dangote Cement and Nigerian Breweries, the two biggest companies by market capital and account for almost half of the market.

http://investorsking.com/stock-market-di...-earnings/ mynd44
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  The price movement table at the Nigerian Stock Exchange (NSE) on Friday indicated tha Edoman 0 7,974 08-04-2018, 10:29 AM
Last Post: Edoman
  Notore’s Listing Boosts NSE Market Capitalisation by N101bn Edoman 1 2,920 08-03-2018, 08:59 PM
Last Post: Rover442
  CBN Injects Fresh $210m into Forex Market Edoman 0 2,371 08-01-2018, 10:04 AM
Last Post: Edoman
  Nigerian Stock Exchange To List FGN N10.69bn Green Bond Edoman 0 2,283 07-20-2018, 10:31 AM
Last Post: Edoman
  Stock Market Index Dips Further By 0.6% On Sustained Weaker Demand Edoman 0 1,737 07-19-2018, 09:38 AM
Last Post: Edoman
  All-share Index Appreciates 0.65% As Market Halts Three-day Bear Run Edoman 0 1,710 07-06-2018, 09:50 AM
Last Post: Edoman
  Equities Market Sheds 2% in Three Days Edoman 0 1,626 07-05-2018, 10:00 AM
Last Post: Edoman
  Naira stable at N360 per dollar at parallel market Edoman 0 1,580 07-03-2018, 03:26 AM
Last Post: Edoman



Users browsing this thread: 1 Guest(s)