UACN recorded a decline in its 2020 FY pre-tax profits, as total revenue increased marginally.
UACN (+10.00%) led the gainer’s chart today, while ARDOVA (9.84%) was the top loser.
UACN Plc appoints Nkem Agboti as company secretary following the retirement of Godwin Abimbola after a 23-year service.
29 equities appreciated at price during the week, lower than thirty-one 31 equities in the previous week.
This is coming a few days after UAC Nigeria Plc announced a deal to divest 51% of its shares in UPDC.
Nigerian bouse's market capitalization in value terms presently stands at N13,063 trillion.
Nigerian bourse continued its bullish run in three days consecutively.
Custodian Investment announced on Monday to acquire a 51% stake in UPDC, a real estate company owned by UACN.
GUARANTY, FBNH, and UBA were the most active to boost market turnover.
We have a target price of N17.0/s on UACN with a BUY recommendation.