The Nigerian equity market has started the year 2022 strong. The All-Share Index (ASI) in the month of January has gained 9.15%% for the month starting at 42,716.44 basis points to ending at 46,624.67 basis points. The market capitalization also grew in similar fashion from N22.3 trillion at the beginning of the month only to […]
Market Last Week (Our Observations) The local bourse extended its bullish run as the NGX All-Share Index rose 2.3% w/w to settle at 47,279.92 points. Accordingly, YTD return improved to 10.7% from 8.2% in the previous week while market capitalisation gained N579.2bn w/w to N25.5tn. Performance was bullish across sectors within our coverage as 4 […]
By Dipo Olowookere The shares of RT Briscoe increased by 40.00 per cent on the floor of the Nigerian Exchange (NGX) Limited last week, closing at 28 kobo per unit, giving shareholders of the company something to smile about. It led 42 equities on the gainers’ chart in the five-day trading week, lower than the […]
Investors, this week will continue to position for dividend-paying stocks, triggering more bargain-hunting activities on the equities sector of the Nigerian Exchange Limited (NGX). Analysts Optimism In the short term, analysts at Cordros Securities Limited expected the bulls to continue to rotate their portfolio towards dividend-paying stocks ahead of 2021 full year dividend declarations, even […]
Proshare Nigeria Pvt. Ltd. A month ago (10 January 2022) we wrote " Beware the January rally " and pointed out that equity market rallies in January have a habit of unwinding later in the year. What do we have to say now? FX Last week, the exchange rate at the Investors and Exporters Window […]
Absa Bank Tanzania has registered a 1,875 per cent rise in net profit in the 2021 financial year showing how the bank maintained outstanding operational viability in the aftermath of the Covid-19, defying a year marked by turmoil in all sectors including the banking sector. "The year 2021 has been a very good year from […]
To say that the 2021 financial period was a bullish year for equities in the Nigerian capital market would be stating the obvious. The 2021 period had eight months of positive returns and four months of bearish season for the Nigerian capital market. Interestingly, the market ended with a positive return of 6.7 percent amid […]
By Dipo Olowookere The trio of Computer Warehouse Group (CWG), Transcorp and FBN Holdings dominated the total equity turnover last week, accounting for 810.8 million shares worth N2.1 billion in 1,499 deals, contributing 43.65 per cent and 4.38 per cent to the total trading volume and value respectively. Business Post reports that in the week, […]
…PTAD settles entitlements of retirees from 8 defunct firms BY VICTOR YOUNG THE Pension Transitional Arrangement Directorate, PTAD, has put smiles on the faces of retirees of no fewer than eight defunct Federal Government parastatals as part of the efforts to clear accumulated pensions and other benefits. This came as the directorate has restored 4,069 […]
A leading Information Technology service management company in Nigeria, Computer Warehouse Group (CWG) including Transcorp and First Bank Holdings led last week’s capital market investment based on volume, reports revealed. This is as the three companies contributed 43.65% and 4.38% to the total equity turnover volume and value respectively, Naija News understands. The Nigerian Exchange […]
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