stocks

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...

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...

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...

Access Holdings proposed the right offering at N19.75 per unit on the basis of 1 new share for every 2 existing ordinary shares.

UNDERSTANDING THE MANDATORY TAKEOVER OF INTERNATIONAL ENERGY INSURANCE (IEI) Good morning, everyone! Yesterday, there was an announcement of the manadatory takeover of International Energy Insurance by Norrenberger Advisory Partners Limited which has left many wondering the implication of this...

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...

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...

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...

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...

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...

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...

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%...

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...

NGX TRADING SUMMARY FOR WEDNESDAY, MAY 29, 2024 At the end of today's Nigerian Stock Exchange (NGX) trading session, 518,948,393 shares were traded in 7,781 deals, amounting to NGN 4,767,087,010.32. Compared to the previous day, this represents a 7% decline in volume, a 28% decline in turnover...

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...