Nigeria stock market

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Adewale Stock

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The Nigerian Stock Exchange (NSE) is still reeling from the effects of the coronavirus on the economy. The NSE's benchmark All-Share Index ̈(ASI) has lost 31.8% in the past three months, reaching that figure from a 26,842.62 peak on February 24 this year. It also fell by 9% at the start of 2020 before the COVID-19 pandemic began. The ASI closed at 18,288.02 on May 18, 2020, its lowest point since July 11, 2016. This means Nigeria has entered a bear market a market where share prices fall 20% or more from recent highs and are unlikely to recover for some time. According to analysts, market performance has been affected by naira devaluation and rising inflation due to COVID-19."

The Nigerian Stock Exchange (NSE) is still reeling from the effects of the coronavirus on the economy. The NSE suffered a massive drop in its market capitalization, but has been able to recover some of its losses with an increase in company listings this year compared to last year.

The NSE's benchmark All-Share Index ̈(ASI) has lost 31.8% in the past three months, reaching that figure from a 26,842.62 peak on February 24 this year.

The ASI is a weighted index of the top 40 companies listed on the NSE, whose weights are determined by their market capitalization as listed on their respective markets. The divisor used to determine index membership is 40 and each company's weighting in terms of its market capitalization is multiplied by 10⁵ (the number 10 to the power of 5). This gives rise to an index value that represents total market capitalization for all constituent stocks at any given time; however, it does not represent what an investor would pay for shares in these companies because it doesn't take into account differential stock prices across different exchanges/markets or individual trading volumes within those exchanges/markets.

The ASI fell by 9% at the start of 2020 before the COVID-19 pandemic began.

The ASI fell by 9% in the first quarter of 2020.

The All Share Index (ASI) is a stock market index used to measure the performance of Nigerian companies listed on the Nigeria Stock Exchange. The ASI, which was first calculated in 1989, is based on share prices and each stock's free float factor. This means that it doesn't include unlisted or foreign-based companies.

The ASI is calculated using prices of shares traded on the NSE, which are weighted by their respective free float factors and then combined into one value called "All Shares Index." By doing this, you can see how well your portfolio could have performed compared with Nigeria's overall economy had you invested in securities directly rather than through mutual funds or ETFs such as Vanguard FTSE Emerging Markets ETF (VWO).

The bear market is usually associated with economic downturns, recessions and even prolonged periods of stagnation. This means that Nigeria has entered a bear market. A bear market is one where share prices fall 20% or more from recent highs and are unlikely to recover for some time.

In fact, the current situation in Nigeria can be described as a full-blown economic crisis. According to the World Bank report released on October 10th 2018: “Nigeria’s economy has slowed down due to lower oil prices and falling exports; inflation has risen above 20 percent; foreign exchange reserves have fallen sharply since 2016; public debt has increased significantly since then too. The budget deficit was 4 percent of GDP in 2017 but it could be double that this year if oil production does not improve soon enough."

The Nigerian Stock Exchange (NSE) is the largest stock exchange in Africa, with a market capitalization of over $500 billion. The NSE has been affected by naira devaluation and rising inflation due to COVID-19. According to analysts, market performance has been affected by naira devaluation and rising inflation due to COVID-19, which is a virus that causes measles.

The Consumer Price Index (CPI) is the most widely used measure of inflation. It serves as an indicator of price changes associated with a representative basket of goods and services consumed by households. The index measures changes in the price of goods and services purchased by consumers, including food, health care commodities, apparel, transportation and communication.

The CPI is compiled from prices collected from a sample that represents about 29 percent of the population. The weights assigned to each item are based on consumer expenditures for each category in December 2017. The Bureau of Labor Statistics updates these weights every two years after conducting surveys with consumers on their purchasing habits over the last six months before the review period ends on June 30th or December 31st each year depending upon which month it falls into so they can determine if any new items have been introduced since then which will require updating those weightings accordingly when calculating an average cost per unit for each product category across America’s 35 largest metropolitan areas and rural areas across America (excluding Alaska).

This allows them all together represent inflation at large scale level since January 2000 when this system was started back then until today's date where many other types exist such as core CPI (which excludes volatile food & energy prices), ex-rental housing costs instead focusing only rental housing costs; CPI excluding taxes paid on everything except rent paid out monthly instead focusing solely rent payments received monthly etc...

The NSE's benchmark All-Share Index ̈(ASI) has lost 31.8% in the past three months, reaching that figure from a 26,842.62 peak on February 24 this year. It also fell by 9% at the start of 2020 before the COVID-19 pandemic began. This means Nigeria has entered a bear market a market where share prices fall 20% or more from recent highs and are unlikely to recover for some time. According to analysts, market performance has been affected by naira devaluation and rising inflation due to COVID-19
 

Adewale Stock

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The Nigerian Stock Exchange (NSE) is the largest stock exchange in Africa, with a market capitalization of $475 billion. It trades more than 35 million shares daily and its primary index, the NSE All-Share Index, represents 85% of Nigerian company equity. The NSE is comprised of 56 listed companies and its headquarters are located in Lagos.

Nigeria’s capital markets continue to record impressive performance to the delight of investors. Since its inception over ten years ago, the local stock exchange, i.e., the Nigerian Stock Exchange (NSE) has grown from strength to strength and has made major contributions toward improvements in the quality of life of Nigerians as well as economic development. The NSE is composed of 210 listed companies with a market capitalization of N135 billion as at close of business on Decem
 

Admin

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OFF MARKET TRADE


A total of 349,182,953 units of FTN COCOA PROCESSORS PLC were done as OFF MARKET TRADES today 4th November, 2022 at N0.31 in TWO DEALS. The deals were negotiated deals with Regency Assets Management Limited (Buyer) and Apel Asset Limited (seller).
 

Admin

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The above form is mandatory for all shareholders of UNION Bank shares.
And 7 Naira pay off has been approved by SEC.
The deadline for submission of the MTO form is 27th of NOVEMBER 2022.
 

Admin

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Today's Nigeria stock market report.
 

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Admin

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Vitafoam Nigeria Plc recently published its Fourth Quarter report for the period ended 30 September 2022.

The company reported a turnover of N46.537 billion for the 12 months period, up by 31.45% from N35.404 billion reported the previous year.

Profit after tax grew year on year by 7.35% to N4.935 billion from N4.597 billion achieved the previous year.

Earnings per share of the Company stands at N3.95, up by 7.35% from the EPS of N3.68 achieved the previous year.

At the share price of N20, the P/E ratio of Vitafoam stands at 5.07x with earnings yield of 19.73%.
 

LagosPolice

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Oct 14, 2020
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Investors should be cautious of a possible bearish trend in June, as historical data shows that stocks have posted losses every month of June in the last four consecutive years.

Moreover, stocks have posted losses six out of ten times every June in the last decade.

While the performance of Nigerian stocks in May was undoubtedly impressive, investors must remain vigilant as they brace themselves for the potential bearish trend in June.
The historical data serves as a reminder that June has proven to be a challenging month for the Nigerian stock market in recent years.
This cautionary note highlights the importance of prudent investment strategies and diversification to mitigate potential risks.
While the recent positive market sentiment and the inauguration of President Tinubu have provided a boost to investor confidence, it is essential to maintain a long-term perspective and not be swayed solely by short-term gains.
 

LagosPolice

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*PRICE ADJUSTMENT*

The equity price of the following securities were adjusted today *1st of June 2023* for a dividend as recommended by the companies' Board of Directors.

*S/N Security Closure Date Last Close Dividend Bonus Ex-div Price*
1 MCNichols Plc 01/06/2023 N0.77 N0.01 NIL N0.76
2 AIICO 01/06/2023 N0.61 N0.03 NIL N0.58
 

LagosPolice

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Oct 14, 2020
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"In the stock market, you have the luxury of being able to stay on the sidelines, free of charge, observing and waiting for the most opportune moment to wager. You get to see the market's 'cards' before you trade-in or out, free of charge."

The Nigerian Stock Market has been quite unpredictable in recent years. While some investors have made significant profits, others have suffered heavy losses. However, as an investor, you have the luxury of observing and waiting for the opportune moment to make a move. This allows you to analyze the market and make an informed decision on your investments.

The Nigerian Stock Market provides a wide range of stocks and investment opportunities. Among the available stocks are those of Access Bank, Dangote Cement, Zenith Bank, GTCO, UBA, Transcorp, Nestle, Nigerian Breweries, and MTN Nigeria. Access Bank, for instance, is a leading Nigerian commercial bank with a solid track record in the Nigerian Stock Exchange. With its diverse portfolio and strong financials, it presents an immense opportunity for investors.

Dangote Cement is one of the biggest players in the Nigerian Stock exchange. It is a company that operates in the construction industry with specialization in cement production. With a market share of about 60%, the company presents a great investment opportunity to investors.

Moreover, Zenith Bank, one of the top commercial banks in Nigeria, has consistently delivered excellent returns to its shareholders. The bank has a solid brand which has continued to maintain its position among the foremost financial institutions in Nigeria. It offers great investment opportunities to investors looking for high returns on their investments.

MTN Nigeria is another company whose shares are available on the Nigerian Stock Market. As one of the most recognizable brands in the country, MTN Nigeria offers investors a great opportunity to profit from Nigeria's high mobile penetration and expanding telecommunications sector.

Some additional stocks that fall into the category of high potential investments:

Guaranty Trust Bank (GTCO): GTBank is a leading commercial bank in Nigeria that has consistently delivered high profits to its shareholders. The bank has a strong brand and solid financials, making it an attractive option for investors.

Nigerian Breweries Plc: Nigerian Breweries is the leading company in the brewing industry in Nigeria. With popular brands such as Star, Gulder, Heineken, and Maltina, the company presents a great investment opportunity for investors who are interested in the consumer goods sector.

United Bank for Africa (UBA): UBA is a leading Nigerian commercial bank that has continued to increase its market share in recent years. The bank has a strong presence across Africa, and its financials have remained strong even in challenging economic conditions.

Nestle Nigeria Plc: Nestle is a multinational food and beverage company that has maintained a strong presence in Nigeria for several decades. With popular brands such as Milo, Maggi, and Nescafe, Nestle Nigeria presents a great investment opportunity in the consumer goods sector.

Transcorp Plc: Transcorp is a diversified conglomerate with interests in the hospitality, energy, and manufacturing sectors. The company has a solid track record in the Nigerian Stock Exchange and presents a great investment option for investors looking to diversify their portfolio. And many others that provides a wide range of investment options for investors looking to profit from the country's economic growth.

In conclusion, the Nigerian Stock Market provides vast investment options for investors willing to take calculated risks. By observing the market and analyzing the trends, investors can make informed decisions that will enable them to reap the expected outcomes of their investments. The availability of stocks like Access Bank, Dangote Cement, Zenith Bank and MTN Nigeria, GTCO, Nigerian Breweries, UBA, Nestle, and Transcorp offer great potential returns due to the strength of their brands and financials. By investing in these stocks, investors can position themselves to benefit from the growth of Nigeria's economy.
 

LagosPolice

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FBNH Released its audited financial statement for year ended 31st December 2022

FBNH has released it audited financial statement for the year ended 31st December 2022 results. In the under review, its gross revenue increased by N805bn from the previous year of N757bn.

The company's group before tax also trimmed drop in the current year under review from N167bn to N158bn. When the company, the profit before income tax dropped from N167bn from the year 2021 to N158bn.

The company through its prudent aggressive approach despite the challenges in the microeconomic headwinds reduce its cost of operations by N136bn from previous year of N155bn.

But, again profit attributable to non-controlling interest went up by from N1370bn to N1770bn

In Q4 2022, the Board Management of FBNH had, in their magnanimity has declared a final dividend per share of 50kobo to its existing shareholders.
 

Adewale Stock

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Apr 15, 2020
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Top Gainers and Losers by close of business today.
 

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