stock market

NGX TRADING SUMMARY FOR MONDAY, AUGUST 12, 2024 Overall Market Performance: - Total Shares Traded: 498,271,393 shares - Total Deals: 10,645 - Market Value: NGN 11,770,860,465.23 - Market Capitalization: NGN 55.6 trillion Comparison with Previous Trading Day: - Previous Trading Day: Friday...

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 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 TRADING SUMMARY FOR MONDAY, JULY 8, 2024 On Monday, July 8, 2024, the Nigerian Stock Exchange (NGX) saw the trading of 689,982,579 shares in 9,635 deals, with a total market value of NGN 7,165,197,354.90. This represents a 67% increase in volume, a 19% increase in turnover, and a 13%...

OTEDOLA REGAINS POSITION AS FIRST BANK’s MAJORITY SHAREHOLDER, INCREASES STAKE TO 9.41% Nigerian billionaire Femi Otedola, Chairman of FBN Holdings, has reclaimed his status as the majority shareholder of First Bank. Otedola now holds a 9.41% stake in the bank following a significant...

CUTIX PLC: STOCK ANALYSIS COMPANY OVERVIEW: Cutix Plc is a Nigerian company that specializes in the manufacturing and distribution of electrical, telecommunication, and automotive wires and cables. Established in 1982 and listed on the Nigerian Stock Exchange (NSE) in 1983, Cutix Plc has grown...

RECAPITALIZATION OF NIGERIAN BANKS AND ITS IMPACT ON THE CAPITAL MARKET- ASHON CHAIRMAN: 1. Recapitalization Requirements: - The Central Bank of Nigeria (CBN) announced new capital base requirements for banks, ranging from N200 billion to N500 billion, based on the bank’s authorization...

KEY POINTS FROM THE NGX TRADING SUMMARY FOR MONDAY, JUNE 10, 2024: 1. Trading Volume and Value: - Total shares traded: 963,540,754 - Total deals: 8,657 - Market value: NGN 13,497,574,792.56 2. Comparison to Previous Trading Day: - Volume increased by 148% - Turnover increased...

EIGHT INSURANCE FIRMS ’ GROSS PREMIUMS RISE TO N367BN The gross written premiums of eight insurance firms in Nigeria increased by 22.43% year-on-year to N367.66 billion in 2023, up from N300.31 billion the previous year. Their profits surged by 177.57% to N68.94 billion from N24.83 billion...

VERITAS KAPITAL ASSURANCE PROFIT GROWS OVER N2BN Veritas Kapital Assurance Plc reported a significant increase in its post-tax profit, rising to N2.75 billion in 2023 from N712.43 million in the previous year. The company's IFRS 17-compliant audited financial results, filed with the Nigerian...

AIRTEL AFRICA BALANCES AT N8trn DESPITE UNUSUAL TRADE VOLUME Despite substantial trades in its stock, Airtel Africa Plc’s market valuation remained steady. The share price stayed at N2,150, unchanged by the 1,128,570 shares traded on Tuesday. The local exchange valued Airtel Africa's 3.758...

NGX TRADING SUMMARY FOR FRIDAY, MAY 31, 2024 At the close of trading on the Nigerian Stock Exchange (NGX) on May 31, 2024, a total of 433,997,592 shares valued at NGN 8,575,279,947.31 were traded in 8,525 deals. This marked a 40% increase in volume, a 58% increase in turnover, and a 21%...

FLASHBACK FRIDAY FINANCE It's TGIF dear investors ❤️. Let's take a trip down memory lane and revisit some significant moments in Nigeria's financial and investment sector. Here are a couple of flashbacks: 1. Financial Sector Development and Economic Growth: Nigeria's financial system has...

NIGERIAN DRUGMAKERS SEE 58% REVENUE RISE AS PRICES SOAR The combined revenue of three listed Nigerian pharmaceutical companies—Fidson Healthcare Plc, May & Baker Nigeria Plc, and MeCure Industries Plc—rose by 58 percent in the first quarter of 2024, reaching N33.4 billion from N21.13 billion...

NGX TRADING SUMMARY FOR THURSDAY, May 30, 2024 At the end of Thursday's trading session on the Nigerian Stock Exchange (NGX), 309,714,120 shares were traded in 7,035 deals, amounting to NGN 5,436,181,966.37. This represents a 40% decline in volume, a 14% improvement in turnover, and a 10%...

NGX TRADING SUMMARY FOR TUESDAY, May 28, 2024 At the end of today's trading session on the Nigerian Stock Exchange (NGX), a total of 559,608,966 shares in 7,990 deals, corresponding to a market value of NGN 6,584,605,080.79, were traded. Compared with the previous NGX trading day (Monday, May...

VFD GROUP REPORTED N2.62bn PROFIT IN Q1 Proprietary investment company, VFD Group Plc, has reported N2.62 billion as profit after tax for the first quarter of 2024. This was revealed in its Q1 unaudited financial results filed with the Nigerian Exchange Limited. During the period under review...

SEC TO UNVEIL RECAPITALISATION FRAMEWORK FOR BANKS The Securities and Exchange Commission (SEC) has announced plans to release a framework to guide the capital market in the upcoming recapitalisation exercise by banks. Acting Director General Emomotimi Agama revealed this during a meeting with...

LESSONS FROM PHILIP FISHER'S ARTICLE "FIFTEEN POINTS TO LOOK FOR IN A COMMON STOCK" This guide provides a comprehensive checklist for evaluating potential investment opportunities in stocks. Here's a detailed explanation of each point: 1. Products with Potential: Does the company have products...

SENATE CONFIRMS AGAMA AS SEC DG The Senate Committee on Capital Markets has confirmed Emomotimi Agama as the director-general of the Securities and Exchange Commission (SEC). The committee also approved the appointments of Frana Chukwuogor as the executive commissioner of legal and enforcement...