stockmarket

The Untold Power of the Stock Market: Stories of Billionaires Who Defied the Odds Hey Dear Investors. The stock market often gets labeled as too risky, unpredictable, or even intimidating. It’s easy to get discouraged by the ups and downs. But beyond the fear and uncertainty lie incredible...

Foreign Investors Flee Nigerian Stock Market Amid Forex Crisis The Nigerian stock market has experienced significant foreign investor sell-offs in 2024, primarily driven by the country’s ongoing foreign exchange crisis. Data from the Nigerian Exchange Limited (NGX) for the first eight months of...

INVESTORS PUSH FOR STABLE FX AND FISCAL POLICIES TO SUSTAIN N15.7 TRILLION MARKET SURGE IN 2024 Detailed Breakdown: 1. Market Surge Overview: The Nigerian stock market has achieved a remarkable 27.8% year-to-date (YTD) gain, amounting to N15.7 trillion, with market capitalization rising from...

NGX TRADING SUMMARY FOR MONDAY, SEPTEMBER 23, 2024: On the first trading day of the week, the Nigerian Stock Exchange (NGX) reported a total of 410.4 million shares traded in 10,669 deals, amounting to a market value of NGN 5.51 billion. When compared to the trading activity of the previous day...

UNDERSTANDING DIVIDENDS- PART 1 A COMPREHENSIVE GUIDE TO DIVIDENDS Hi Fellow Investors. Welcome to our study on Dividends. Dividends are a critical concept in stock investing, offering investors a share of a company's profits. They represent an essential part of investment returns, especially...

NGX COLLABORATES WITH UNIMAID TO PROMOTE CAPITAL MARKET EDUCATION 1. Article Overview: - The Nigerian Exchange Limited (NGX) and the University of Maiduguri (UNIMAID) have signed a Memorandum of Understanding (MoU) to promote capital market education, drive innovation, and support...

NGX TRADING SUMMARY FOR WEDNESDAY, AUGUST 28, 2024 Trading Volume and Value: - Shares Traded: A total of 446,609,595 shares were exchanged during the session. - Deals: These transactions took place across 10,148 deals. - Market Value: The total market value of these trades amounted to NGN...

LIVESTOCK FEEDS EARNINGS PER SHARE RISES TO 13-YEAR HIGH Main Points: 1. Earnings Performance: Livestock Feeds Plc achieved its highest earnings per share (EPS) in 13 years, with a dramatic increase of 1,064.8% to N14.56 in H1 2024 from N1.25 in H1 2023. 2. Financial Metrics: - Shares...

NGX TRADING SUMMARY FOR WEDNESDAY, AUGUST 21, 2024 Overall Market Performance: - Volume: 360,558,689 shares were traded today. - Deals: These trades were executed in 8,813 deals. - Market Value: The total market value of the traded shares was NGN 7,252,158,694.18. - Comparison to Previous Day...

ADVOCATING TELECOM-CAPITAL MARKET COLLABORATION 1. Call for Synergy: - Industry Collaboration: Leaders from the telecommunications and financial sectors have advocated for a stronger partnership between Nigeria’s telecommunications industry and the capital market. This collaboration is seen...

Ulta Beauty (NASDAQ: ULTA) experienced a significant boost in its stock price on Thursday, rising by 12% following news that Warren Buffett's Berkshire Hathaway has acquired a notable stake in the company. According to The Wall Street Journal, Berkshire Hathaway purchased 690,106 shares...

NGX TRADING SUMMARY FOR TUESDAY, AUGUST 13, 2024 1. Trading Overview: - Total Shares Traded: 599,246,035 shares - Total Deals: 11,237 deals - Market Value: NGN 13,916,167,908.23 2. Performance Comparison: - Volume Improvement: 20% increase from the previous trading day (Monday...

NESTLE NEEDS FRESH CAPITAL TO OVERCOME N177BN LOSS – ANALYSTS SUMMARY: Nestlé Nigeria is facing severe financial difficulties, having reported a staggering loss of ₦176.9 billion in the first half of 2024. This marks a dramatic increase of 254.51% compared to the ₦49.9 billion loss recorded in...

SEPLAT SEEKS SUSTENANCE OF ENERGY SECTOR REFORMS Key Points: 1. Advocacy for Reforms: - Company: Seplat Energy Plc. - Focus: Continuation of ongoing reforms and incentives in the energy sector. - Specific Mention: Band A tariff announced by the Nigerian Electricity Regulatory...

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...

BDAN's POSITION ON WINDFALL TAX Key Points: 1. BDAN’s Position: - Statement: The Bank Directors Association of Nigeria (BDAN) has distanced itself from the views of some bank chairmen regarding the proposed windfall tax on foreign exchange earnings. - Chairman’s Comment: Mustapha...

RETAIL INVESTORS MAY SHUN BANK STOCKS AFTER N1.6TN LOSS Key Points: 1. Market Capitalisation Loss: - Total Loss: Banking stocks on the Nigerian Exchange have lost approximately N1.62 trillion in market capitalisation since the Central Bank of Nigeria (CBN) issued a recapitalisation...

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%...

1. Benjamin Graham: "The investor’s chief problem—and even his worst enemy—is likely to be himself." 2. Peter Lynch: "Know what you own, and know why you own it." 3. Morgan Housel: "Financial success is not a hard science. It’s a soft skill, and the best way to be successful is to do the...

DANGOTE REFINERY CRUDE OIL REQUIREMENT Overview: - The Dangote Petroleum Refinery is projected to require ₦1.7 trillion worth of crude oil monthly. - This directive follows President Bola Tinubu’s mandate for the Nigerian National Petroleum Company Limited (NNPC) to sell crude to the Dangote...