The Nation Newspaper

Tag: red

  • Market closes in red

    The Nigerian equity market continued exhibiting sideways trading pattern, as the All Share Index closed in the red yesterday after the previous days’ modest uptrend, shedding 11bps to 40,683.45. This pared the YTD and MTD performance of the Nigerian bourse to negative 1.6 per cent and -2.0 per cent. The decline today was driven by profit taking in bellwether stocks – Dangote Cement (0.9 per cent), Seplat Petroleum (3.4 per cent) and Guaranty (0.5 per cent). Also, activity level measured by volume and value traded exhibited mixed performance as volume advanced 39.5 per cent to 273.4m while value declined 2.6 per cent N2.7tn.

    Sector indices within our coverage experienced mixed performance today. Pacing gains within the sector indices chart was the Consumer Goods Index, which gained 0.9 per cent on the back of Nigerian Breweries (1.0 per cent), Guinness Nigeria (3.4 per cent), Champions Breweries (3.5 per cent) and Dangote Sugar (1.8 per cent). The Insurance Index followed with a 0.6 per cent gain – attributable to gains in Wapic Insurance (2.8 per cent) and N.E.M insurance (2.5 per cent). The Oil and Gas Sector Index gained 0.4 per cent yesterday to end a three day bear run. This was on the back of bargain hunting Forte Oil (0.9 per cent) and OANDO (0.1 per cent), despite the selloff in Seplat (3.4 per cent). On the flip side, the Industrial Goods Index shed 0.1 per cent – pressured by profit taking in Dangote Cement (0.9 per cent) and Ashaka Cement (1.2 per cent). The Banking Index equally declined 0.1 per cent against the backdrop of broad sector losses led by Wema Bank (4.3 per cent) and Skye Bank (2.5 per cent).

    The Market Breadth closed Positive today at 1.0x as 26 stocks advanced against 25 declining stocks. Top gainers at the end of today’s trading session include Vono (9.5 per cent), Ikeja Hotel (9.5 per cent) and Unilever (5.0 per cent), while SCOA (4.9 per cent), Academy (4.7 per cent) and Trans Express (4.7 per cent) topped the losers chart. The decline in the market yesterday was broadly in line of our expectation of profit taking, especially within the Industrial Counters., even as market analyst expect investors’ to continue to trade cautiously in anticipation of the decisions at the MPC meeting while the market continues to trade sideways with an overall bearish trend.

  • Red Star Express bemoans difficult operating environment

    Chairman, Red Star Express Plc, Dr Mohammed Koguna, has expressed worry over the difficult operating environment, noting that the economic and business environment continues to be challenging for most companies, including Red Star Express.

    According to him, the increasing rate of insecurity in various parts of the country, particularly the Northeast, including Abuja, which is one of the company’s high revenue generating territory, slightly impacted on its business.

    He noted that the inability of the privatised power sector to increase output as envisaged, as a result of issues with gas supply and power distribution, rising inflation cost and decaying infrastructure continue to pose great challenges to businesses in the country resulting in maintenance and operations cost.

    In an address to shareholders at the company’s general meeting, Koguna said despite all these challenges, the Nigerian economy remains one of the fastest growing economies in the world with comparable high indices in foreign direct investment.

    He said Red Star Express has been positioning to key into the increasing potentials noting that the company is embarking on various expansion projects that will spur phenomenal growth in the company and the process for the actualisation of the strategic investment projects are being put in place.

    “Embarking on these projects we are certain would improve the quality of service offered to customers, increase our market share and ultimately improve margins,” Koguna said.

    According to him, the company posted a turnover of N6.4 billion in the year under review achieving 21 per cent increase in revenue compared with N5.3billion achieved last year. The profit before tax increased from N544.9 million to N603.9 million, showing an increase of 11 per cent, while profit after tax grew by 33 per cent, moving from N331.77 million to N403.63 million.

    He pointed out that the company has maintained its commitment in the creation of wealth for shareholders, in appreciation of their support at all times adding that the company would be distributing gross cash dividend of 35 kobo for every 50 kobo shares translating toN206 million, representing a growth of nine per cent compared to N189 million paid last year.

    He further said that as part of corporate social responsibility, the company considers the community as a social partner.

    “Red Star Express considers the community as a social partner and thereby established the Red Star Foundation ten years ago as part of its corporate social responsibility. The objective of the Red Star Foundation is to partner with our host community through addressing support for education , poverty alleviation, skill development, and environmental responsiveness. In the area of education, twenty scholarship awards were given out to students from different schools in the western and northern regions of the country. While in the area of poverty alleviation, four homes [old people’s homes and orphanage homes ]were beneficiaries of the “I care project”. A sum of #2,018,170 representing 0.5 per cent of our profit after tax was appropriated to the foundation,” Koguna said.

     

     

  • Chic tips for RED lipstick

    Chic tips for RED lipstick

    One wonders why red lipstick never seems to go out of fashion; the fact is that it is a universal classic and has yet to go out of style. Many women assume they cannot pull it off but they are wrong. Here are some tips to follow.

    *The secret lays in the rest of your face – The paler your skin, the bigger the pop. You should go light on the eyes and blush; otherwise, you will risk looking like a clown.

    You can skip the eyeliner and make do with only mascara and make sure to apply to bottom lashes, this opens up your eyes. Dust your face with powder and cheeks with a soft blush

    *Line inside of the lips – The lipstick tends to bleed, so fill in the lips with the lip liner first before any other thing.

    *Pick the right colour – If you are light-skinned, you will look better in plum shades, darker girls would be flattered by warmer reds that have a brown base.

    *Do not let nails clash – Contrary to what you might think, it is better to go for non-red nail polish when going on red lipstick. A clear and light polish is cool and dark polish is a trend that will not go away anytime soon. If you really want to go with the red polish, then make sure the colour matches your lips.

    *Blend it well – You do not have to stick to one shade of red, try to blend and create the perfect colours. If you buy a red lipstick shade that is too bright or dark, do not dispose it, instead, experiment with other lipstick shades that you have to create the perfect shade of red.

    *Do it light if you are older – The lips get thinner as we age and dark lips accentuate them. To prevent your lips from looking too stern, try a rosy red lipstick shade or you can avoid the red lips altogether and opt for a neutral shade.

     

  • Watford 4-0 Millwall: Shittu sees red in England

    Watford 4-0 Millwall: Shittu sees red in England

    OUT-OF-FAVOUR Super Eagles and Millwall defender Danny Shittu was sent off in the 4-0 away loss to Watford in the English League Championship on Thursday.

    The Nigeria international heavily helped Watford end their 10-match run without a win, as well as a four-game run without a goal at home, when he received his marching orders nine minutes into the game for a poor challenge in the penalty box.

    Forward Tory Deeney scored from 11 yards, but it was just the beginning of a very long day for the visitors.

    Italian striker Fernando Forestrieri doubled the lead on 26 minutes with a ground shot.

    Watford started the second half searching for more goals, and just three minutes after restart, Ikechi Anya, the Scotsman who has Nigerian blood in his veins scored the third goal.

    Midfielder Lewis McGugan completed the rout with another penalty kick in the 60th minute.

    Despite the loss, Shittu’s Millwall are still above relegation zone, in 20th place with 21 points.

  • Rock in Red

    Rock in Red

    THE Christmas colours can be very creative when they are combined wonderfully. If you don’t want to combine the two, you can opt for one of the colours. Usually, the racy red colour can be very attractive and draw attention to you, no matter the event. It’s feminine, strong and confident, capturing the spirit of the cause in a symbol that women across the world can identify with and feel proud of.

    The red dress represents women’s courage and passion and their power for change as they share the truth with others. This is a season when you can play up the red dress in different shapes and cuts to make you stand out of any crowd. Interestingly, other colours and trends may come and go, but designers have always recognised that the red dress is so essential for women who have a great sense of style.

  • Dauda relishing Red Star Belgrade move

    Dauda relishing Red Star Belgrade move

    : Itchy to begin league title chase

    Last weekend, it was revealed that Abiola Dauda was on his way to Serbia to sign the dotted lines with Super Liga club Red Star Belgrade.

    Dauda arrived Belgrade late on Monday and has completed his switch to the former European champions. After a routine medical examination, the 25 – year – old attacker penned a two – and – a – half – year contract with Red Star Belgrade.

    “I had interest from clubs in Israel, Turkey, FC Zorya (Ukraine) and FC Ural (Russia) and some clubs in the Chinese League. But there was no offer on the table until Red Star Belgrade came into the picture. I did not waste time in accepting the proposal because I didn’t know when I will get offers from other clubs.

    “I am happy to play for Red Star Belgrade. It is a fantastic club with great history too. I am looking forward to training now and should be in shape before the start of the league later in the month,” Dauda told allnigeriasoccer.com.

    Abiola Dauda will play with the number nine jersey for Red Star Belgrade, who are 2nd in the championship.

  • BLACK SUNDAY FOR Venlo: Nwofor sees red

    BLACK SUNDAY FOR Venlo: Nwofor sees red

    It was a sad day for Nigeria’s Uche Nwofor Sunday as his side VVV Venlo went down 0-6 at home to visiting PSV.in the Dutch Eredivisie.

    Nwofor, who bagged a yellow card in the 7th minute, had his woes compounded in the 64th when he got a second yellow followed by a red card.

    A rampaging PSV striker D Mentes made sure that Nwofor and his teammates did not enjoy any breathing space and accounted for three of the visitors’ goals scored in the 23rd, 35th and 79th minutes with teammate J. Locadia grabbing his in the 75th, 82nd and 86th minutes

    All efforts by the coach Ton Lokhoff-led VVV to remedy the situation failed with the team getting two extra yellow cards aside from the red shown the Nigerian.