ngx

DANGOTE PETROL: MARKETERS WAIT AS DELIVERY DATE EXTENDED AGAIN 1. Delayed Petrol Rollout: The Dangote Petroleum Refinery, with a capacity of 650,000 barrels per day, might not start producing petrol on the previously scheduled date of August 12, 2024. This follows earlier projections from...

SEC TO UNVEIL PLANS FOR CAPITAL MARKET AT UPCOMING MEETING SUMMARY: The Securities and Exchange Commission (SEC) is preparing to present its vision for the Nigerian capital market at the Second Capital Market Committee (CMC) Meeting scheduled for August 14 in Lagos. This initiative aligns with...

NGX TRADING SUMMARY FOR TUESDAY, AUGUST 6, 2024 - Total Shares Traded: 449,210,428 shares - Total Deals: 9,381 deals - Market Value: NGN 6,735,228,795.73 Comparison with Previous Trading Day (Monday, August 5): - Volume Improvement: +39% - Turnover Improvement: +8% - Deals Decline: -4% Market...

NGX TRADING SUMMARY FOR FRIDAY, AUGUST 2, 2024 1. Trading Volume and Deals: - Total Shares Traded: 210,911,640 shares - Total Deals Executed: 6,603 deals - Market Value: NGN 3,951,265,893.94 2. Comparison with Previous Trading Day (Thursday, August 1, 2024): - Volume Decline: 63%...

NGX TRADING SUMMARY FOR THURSDAY, AUGUST 1, 2024: Trading Overview: - Total Shares Traded: 565,116,303 - Total Deals: 6,821 - Market Value: NGN 8,530,916,819.09 Comparison with Previous Trading Day (July 31, 2024): - Volume Decline: 69% - Turnover Decline: 63% - Deals Decline: 37% Current...

NIGERIA MUST GROW BEYOND BANKING TO ACHIEVE $1TN ECONOMY – AFRINVEST 1. Call for Broader Economic Growth - Focus Beyond Banking: - Chioke Ike, Group Managing Director of Afrinvest, emphasized that for Nigeria to achieve its goal of becoming a $1 trillion economy, growth must extend beyond...

NGX TRADING SUMMARY FOR TUESDAY, JULY 30, 2024 Trading Volume and Value: - Shares Traded: 399,385,857 - Number of Deals: 10,447 - Market Value: NGN 8,000,964,363.50 Comparative Analysis with Previous Trading Day (July 29, 2024): - Volume: Increased by 5% - Turnover: Decreased by 8% - Number of...

NGX TRADING SUMMARY FOR FRIDAY, JULY 26, 2024 Market Overview: - Total Shares Traded: 1,103,330,581 shares - Total Deals: 9,098 - Market Value: NGN 21,596,855,742.02 Performance Comparison: - Volume Improvement: 201% increase from the previous trading day (Thursday, July 25, 2024) - Turnover...

COMPANY PERFORMANCE: CHEMICAL AND ALLIED PRODUCTS PLC (CAP) 1. Profit Decline: - Second Quarter 2024: CAP's profit after tax fell by 42%, dropping from N895 million in Q2 2023 to N517 million in Q2 2024. - Pre-Tax Profit: Also decreased by 42%, from N1.3 billion in Q2 2023 to N772 million...

NGX TRADING SUMMARY FOR WEDNESDAY, JULY 24, 2024 - Total Shares Traded: 497,842,944 - Total Deals: 8,412 - Market Value: NGN 8,605,259,125.34 - Market Capitalization: NGN 56.8 trillion Performance Comparison: - Volume: Up 77% from July 23, 2024 - Turnover: Up 137% from July 23, 2024 Market...

NGX TRADING SUMMARY FOR TUESDAY, JULY 23, 2024 1. Trading Overview: - Total Shares Traded: 280,922,197 shares - Number of Deals: 8,403 - Market Value: NGN 3,625,620,975.33 - Market Capitalization: NGN 56.9 trillion 2. Comparison with Previous Trading Day: - Volume Decline: 16%...

NGX TRADING SUMMARY FOR MONDAY, JULY 22, 2024 Market Overview: On Monday, July 22, 2024, the Nigerian Stock Exchange (NGX) saw the trading of 335,704,787 shares across 8,760 deals, amounting to a market value of NGN 3,717,218,092.45. This represents a significant decline compared to the...

NGX TRADING SUMMARY FOR FRIDAY, JULY 19, 2024 Trading Volume and Value: - Total Shares Traded: 603,884,355 - Total Deals: 9,988 - Market Value of Shares: NGN 9,164,655,213.31 - Market Capitalization: NGN 56.9 trillion Comparison with Previous Trading Day (Thursday, July 18, 2024): - Volume...

OUTCOME OF FCMB GROUP PLC BOARD OF DIRECTOR'S MEETING Lagos, Nigeria - 19 July 2024 At a Board of Directors' meeting held on July 19, 2024, FCMB Group Plc approved its unaudited financial statements for the quarter ending June 30, 2024. These statements will be published by July 30, 2024, in...

NGX TRADING SUMMARY FOR THURSDAY, JULY 18, 2024 Market Activity: - Total Shares Traded: 392,795,396 shares - Total Deals: 9,013 deals - Total Market Value: NGN 8,333,016,906.19 - Market Capitalization: NGN 56.9 trillion Comparison with Previous Trading Day (Wednesday, July 17, 2024): - Volume...

WEMA BANK: STOCK ANALYSIS Wema is traded on the NGX under the ticker symbol “WEMABANK”. Founded in 1945, it operates over 150 branches across Nigeria. The bank offers services such as transactional accounts, savings accounts, loans, overdrafts, trade finance, and advisory services. Wema Bank...

MARKET BULLETIN: NOTIFICATION OF REGULATORY DELISTING OF THREE LISTED COMPANIES 18 July 2024 NGXREG/IRD/MB45/24/07/18 The Nigerian Exchange Limited (NGX) has announced the delisting of three companies, effective 18 July 2024, due to non-compliance with listing standards. The companies are: 1...

NGX TRADING SUMMARY FOR WEDNESDAY, JULY 17, 2024 At the end of today's trading session on the Nigerian Stock Exchange (NGX): - Volume and Value: A total of 1,099,300,929 shares were traded across 8,720 deals, with a market value of NGN 10,076,409,991.74. This represents a 198% increase in...

NGX LIFTS SUSPENSION ON SECURE ELECTRONIC TECHNOLOGY The Nigerian Exchange (NGX) Limited has lifted the suspension on Secure Electronic Technology Plc, which had been in place since last Monday. Background: - Suspension Reason: Secure Electronic Technology Plc and seven other companies were...

NGX TRADING SUMMARY FOR MONDAY, JULY 15, 2024 MARKET OVERVIEW: - Total Volume: 362,429,559 shares - Total Deals: 8,405 - Total Market Value: NGN 7,367,554,181.96 - Market Capitalization: NGN 56.6 trillion Comparison with Previous Trading Day (Friday, July 12, 2024): - Volume: Declined by 14% -...