stockmarket

Weekly Stock Picks: Total Energies, Sunu Assurances & Sterling Bank Lead the Pack The Nigerian stock market saw a 1.2% gain last week, fueled by renewed investor interest in banking and telecom stocks. Trading volume surged by more than a third, with financial services stocks alone accounting...

Expert Predicts 39% Stock Market Growth in 2025: Key Drivers & Sector Outlook The Nigerian stock market is set for a bullish ride in 2025, with a projected 39% growth, according to capital market expert Olatunde Amolegbe, Managing Director of Arthur Steven Asset Management Limited (ASAM)...

Stock Market Faces Heavy Sell-Off, Loses N1.45 Trillion in One Week The Nigerian stock market took a significant hit last week, shedding N1.45 trillion in market capitalization as investor sentiment weakened. The All-Share Index (ASI) declined by 2.94%, closing at 102,353.68 points, while the...

Nigeria and Egypt Shine as Top African Stock Markets with Outstanding 10-Year Returns Key Highlights: 1. Nigeria and Egypt Lead Africa’s Stock Market Gains • Egypt delivered the highest cumulative return of 351%, followed by Nigeria with 147%, and Ghana with 121% over the past decade...

Nigerian Stock Market’s Remarkable 2024: Unlocking Growth Potential for 2025 The Nigerian stock market achieved an extraordinary 37% year-to-date (YTD) gain in 2024, marking it as one of Africa’s top-performing financial markets. However, sustaining this success in 2025 will require deliberate...

Stock Market Sees Marginal Growth Amid Interest Rate Hike Speculations The Nigerian stock market experienced a modest gain of 0.1% last week, adding ₦77 billion to the total value of listed equities as investors braced for a potential interest rate hike by the Central Bank of Nigeria (CBN)...

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...