The Consumer Goods sector had a stellar performance in 2021 as its index grew by 2.78% from 573.35 basis points at the beginning of 2021 to end the year at 589.28 basis points. The Consumer Goods index outperformed the banking sector index that lost 2.15% in the same period from 2052.33 basis points at the […]
Despite off season slowdown in the third quarter, Presco Plc is one of the few companies from which the most improved corporate earnings reports could reach shareholders for the 2021 trading. Profit was up a clear 175 percent year-on-year to N13.8 billion at the end of the third quarter . The oil palm and rubber […]
The Okomu Oil Palm Company Plc seems set to file one of its most impressive earning reports in many years from the 2021 operations. Despite a likely slowdown in the final quarter due to off season effect, the company is sure to be counted among the most outstanding corporates on profit advances in the just […]
Another January, another rally. Eight of the past 12 years has seen a rally during January. In seven out of eight of those occasions, there was a point, later in the year, when it was possible to buy the market more cheaply. With very few exceptions, it does not pay to chase a January rally. […]
At the end of yesterday’s trading session, International Breweries Plc share price ranked amongst gainers to appreciate by 4.04%, closing at N5.15 per share, and taking the market capitalization from N132.97 billion to N138.34 billion. The brewery company recorded a gain in share prices which can be attributed to investors’ positive sentiment which triggered buy-interests […]
2019: Elections jitters, oil price volatility, dampen stock market outlook Sentiments in Nigeria’s stock market remained broadly bullish in the second trading week of the year as investors continued to select stocks with attractive dividend yields ahead of 2021 full year (FY) dividend declarations. This was even as the All-Share Index (ASI) rose by 1.37 […]
Nigerian Stock Exchange Investors in Nigerian equities have earned more than N981 billion in net capital gains in the past seven trading sessions, making Nigerian stocks some of the most lucrative in the global stock markets. Benchmark indices for the Nigerian stock market yesterday rode on the back of increased demand across several sectors of […]
Nigerian equities still have significant headroom for capital gains and are comparatively undervalued, but investors must be cautious as the market may be susceptible to cyclical reversal in 2022. FSDH Capital, a major investment banking firm, in its latest equities coverage report obtained at the weekend, noted that while benchmark index for Nigerian equities currently […]
This is to notify The Nigerian Exchange (NGX) and the Market that a meeting of the Board of Directors of Guinness Nigeria Plc will hold on Wednesday, 26 January 2022 for the purpose of considering and approving the financial results for the quarter ended 31st December 2021, amongst other matters. Accordingly, in compliance with the […]
We refer to our market bulletin of 30 December 2021 with reference number: NGXREG/LRD/MB62/21/12/30 where the Market was notified of the proposed Mandatory Takeover Offer of One Billion, One Hundred and Ninety-Six Million, Seven Hundred and Ninety-Nine Thousand, One Hundred and Sixty-Four (1,196,799,164) ordinary shares of Champion Breweries Plc (the Company) at N2.60 per share […]
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