stockmarket

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...

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...

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...

SECURE ELECTRONIC TECHNOLOGY SUFFERS ₦33.41M LOSS Secure Electronic Technology Plc reported a ₦33.41m loss in Q1 2024, worsening from a ₦6.81m loss in the same period last year. The decline was attributed to decreasing gross income and rising administrative expenses. The company's unaudited...

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...

BOOK REVIEW: "YOU CAN BE A a STOCK MARKET GENIUS" BY JOEL GREENBLATT OVERVIEW "You Can Be a Stock Market Genius" is a comprehensive guide that demystifies the stock market for investors looking to improve their financial literacy and investment strategies. Joel Greenblatt, a successful...

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% -...

NGX TRADING SUMMARY FOR WEDNESDAY, JULY 10, 2024 At the end of today's trading session on the Nigerian Stock Exchange (NGX): - Total Shares Traded: 935,148,864 shares in 8,160 deals - Market Value: NGN 11,839,828,382.50 - Comparison with Previous Day: - Volume increased by 207% - Turnover...

NGX TRADING SUMMARY FOR TUESDAY, JULY 9, 2024 Overview: - Total Shares Traded: 304,144,072 shares - Total Deals: 8,256 - Total Market Value: NGN 4,997,534,480.61 - Market Capitalization: NGN 56.5 trillion Comparison with Previous Trading Day (Monday, July 8): - Volume: 56% decline - Turnover...

FINANCIAL ANALYSTS PREDICT STOCK MARKET PULLBACK IN H2 2024 Financial analysts from Arthur Steven Asset Management Limited (ASAM) have forecasted a potential pullback in the stock market during the second half of 2024, following its peak in the first half of the year. This was discussed during...

CORNERSTONE INSURANCE EYES IMPROVED GROWTH The Managing Director/Chief Executive Officer of Cornerstone Insurance, Stephen Alangbo, has projected a brighter future for the firm as he commemorated his first year in office. During a press briefing in Lagos on Friday, Alangbo highlighted some of...

RESOLUTIONS PASSED AT THE 25th ANNUAL GENERAL MEETING OF FIDSON HEALTHCARE PLC Fidson Healthcare Plc held its 25th Annual General Meeting on the 4th of July 2024 at the Balmoral Convention Center, Sheraton Hotels and Towers, Ikeja, Lagos, and announced the following resolutions: 1. Payment of...

NGX TRADING SUMMARY FOR FRIDAY, JUNE 21, 2024 Key Points: - Trading Volume and Value: - Total shares traded: 617,222,617 - Total deals: 9,273 - Total market value: NGN 11,346,077,481.95 - Compared to the previous trading day (Thursday, June 20), there was a: - 53% decline in volume...

DANGOTE TARGETS STEEL MANUFACTURING AS NEXT INVESTMENT VENTURE Summary: Alike Dangote, Africa’s richest man, announced plans to venture into the steel market following successful investments in food, cement, and energy sectors. Details: - Announcement Venue: Afreximbank Afro-Caribbean Trade &...

HIGHLIGHTS FROM FCMB GROUP'S 11th ANNUAL GENERAL MEETING Key Announcements and Shareholder Sentiments: - Capital Raising Programme: FCMB Group Plc plans to raise N150bn in capital to support future growth. This move was approved at the 11th annual general meeting and met with optimism from...