stockmarket

NGX TRADING SUMMARY FOR FRIDAY, JUNE 7, 2024: MARKET SHOWS SIGNIFICANT GAINS On Friday, June 7, 2024, the Nigerian Stock Exchange (NGX) saw an active trading day with a total of 388,015,673 shares exchanged in 7,106 deals, amounting to a market value of NGN 7,353,437,736.28. This marked a...

TRANSCORP HOTEL OUT AS COMPANIES WITH N1trn MARKET CAP DROP TO 10 AS OF June 06, 2024 As of June 6, 2024, the number of companies listed on the Nigerian Exchange (NGX) with a market capitalization exceeding N1 trillion fell to ten, down from eleven in May. Eight of these companies also have...

AIRTEL AFRICA TO PAY N276 BILLION TOTAL DIVIDEND FOR 2023, CHOOSES N1,485.99 AS EXCHANGE RATE FOR FINAL DIVIDEND Airtel Africa has set an exchange rate of N1,485.99/$ for its 2023 final dividend, which translates to approximately N53.05 per share and a 2% dividend yield. Despite a net loss of...

AGUSTO & CO. UPGRADES WEMA BANK PLC TO “BBB+” In its June 2024 report, Agusto & Co. upgraded Wema Bank Plc from a “Bbb” rating to a “Bbb+” rating, indicating improved creditworthiness. This upgrade suggests that Wema Bank has shown positive developments in its financial health and risk profile...

NGX TRADING SUMMARY FOR 5TH JUNE, 2024 The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.24%, to bring the Year-to-Date returns up 30.65%. The All Share Index closed at 99,284.38 against the previous close of 99,051.02, volume...

MID-WEEK MARKET PULSE Hello Investors. Let's take a look and do a recap of the significant changes in the Nigeria Stock on Monday and Tuesday (3rd and 4th June, 2024) 1. Stock Market Drops Amid Nationwide Strike: - The Nigerian stock market depreciated by N102.55 billion during this period...

NGX TRADING SUMMARY FOR 4TH JUNE, 2024 The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.07%, to bring the Year-to-Date returns up 30.35%. The All Share Index closed at 99,051.02 against the previous close of 99,118.86, volume...

Presco Set to Acquire 100% Stake in Ghana Oil Palm Development Company Ltd. Presco rises on the news of its intention to acquire 100% stake in Ghana oil Palm Ltd. Gains 8.16% to move to N289 as at 10.43am

SEPLAT TO REWARD ITS CHIEF OFFICERS WITH 3,139,250 SHARES AS PART OF PERFORMANCE BONUS FOR 2024 Seplat Energy Plc will reward its CEO, COO, and CFO with a total of 3,139,250 shares as part of their 2024 performance bonus under its Long-Term Incentive Plan (LTIP). The shares, based on achieving...

LESSONS FROM THE BOOK "COMMON STOCKS AND UNCOMMON PROFITS" BY PHILIP FISHER This book is a seminal work in the field of investing. Fisher's investment philosophy is built around the idea that long-term growth in stock value is more important than short-term profits. He is known for his...

WEEKLY RECAP OF THE NIGERIAN STOCK EXCHANGE (NSE) FOR THE WEEK OF MAY 27th TO 31st, 2024. WEEKLY RECAP: - All Share Index (ASI): The NSE's benchmark index appreciated by a modest 0.02%, settling at 99,300.38 from the previous close of 99,276.03. This brings the year-to-date growth to an...

Quiz: Financial Finesse on Friday 1. Nigerian Stock Exchange (NSE) Foundation: In what year was the Nigerian Stock Exchange established? - A) 1946 - B) 1958 - C) 1960 - D) 1972 2. US Market Milestone: What is the name of the longest bull run in US stock market history? - A) The...

EXXONMOBIL SHRINKS OFFICES IN NIGERIA AS IT SCALES BACK OPERATIONS ExxonMobil is reducing its presence in Nigeria by shrinking office space and scaling back operations. The company has vacated its large office in Lagos, moving to a smaller location in the Ikoyi area, which accommodates half...

JULIUS BERGER NIGERIA PLC OVERVIEW: - Julius Berger Nigeria Plc is a construction company engaged in planning and constructing various civil engineering works in Nigeria and Europe. - Founded in 1965, it operates through segments such as Civil Works, Building Works, Services, and...

SHAREHOLDERS BACK FIDELITY BANK ’s RECAPITALISATION PLAN Shareholders have expressed strong support for Fidelity Bank Plc's ongoing recapitalisation plan. During the bank's recent annual general meeting, shareholders committed to participating in any share offering by Fidelity Bank. Fidelity...

DANGOTE REFINERY EYES 500,000-BARREL PRODUCTION CAPACITY BY JULY Barring any last-minute changes, the $20 billion Dangote Oil Refinery is set to be listed on the Nigerian Stock Exchange by December 2024. Aliko Dangote, Chairman of the Dangote Group, expressed his desire for Nigerians...

FBN HOLDINGS RELEASES 2023 AUDITED ACCOUNTS, PROFITS SURGE BY 128% FBN Holdings Plc, the parent company of FirstBank, reported a profit after tax of N310.4 billion for the year ended December 2023, up from N136.3 billion in 2022, marking its highest profit ever. This increase follows a delay in...

INVESTMENT STRATEGIES 105: BALANCING YOUR PORTFOLIO WITH VALUE AND GROWTH STOCKS Dear great minds, for some weeks now, we have been having a series on investment strategies with a focus on value and growth stocks. Now, to wrap that up, let's look at how you can balance your investment portfolio...

INVESTMENT STRATEGIES 104: POTENTIAL RED FLAGS TO WATCH OUT FOR WHEN CHOOSING GROWTH STOCKS Hi Investors, as a continuation of our series on investment strategies, today we move on to the RED FLAGS that investors should watch out for when considering growth investing. These warning signs can...

INVESTMENT STRATEGIES 103: HOW TO IDENTIFY A GOOD GROWTH STOCK Dear Investors! Welcome to our continuous study of growth investing! In this installment, we will look into the secrets of spotting promising growth stocks that can propel your portfolio to new heights. Identifying a good growth...