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 […]
Tag: XNSA
Equities gain N981b in six days
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 […]
Equities undervalued, but investors must be cautious, says FSDH
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 […]
Guinness Nigeria Plc Board Meeting to Hold on January 26, 2022
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 […]
Champion Breweries Plc Offer for MTO to Close by January 31 2022
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 […]
Consumer Goods stocks that outperformed 2021 average inflation rate of 16.98%
As we review the general performance of the year 2021, it is crucial that we also weigh the performance of our equities investment against the average inflation rate of the year to help gauge the worthiness of such investments. The Nigerian Exchange Limited (NGX) closed the year on a positive note appreciating by 6.07% year […]
Airtel, Oando, Others Influence ₦243 billion Gain At Nigerian Stock Market
The Nigerian stock market ended on the right note on Wednesday as the likes of Airtel, Oando and several others gained two hundred and forty-three billion Naira before the end of the day. The stoke market on Wednesday saw all the share index increase by 1.05 per cent to close at 43,476.75 from 43,026.23 posted […]
Nigerian stocks approach four-year high on increasing demand for BUA Foods shares
Nigerian stocks jumped for the fifth straight trading session on Monday, pushing the benchmark index up by 0.10 per cent and bringing it close to its summit in the roughly four years since January 29, 2018. Investors continued to warm to the shares of the bourse latest arrival BUA Foods, which had been steering every […]
Equities reverse gains as NEM insurance, 14 stocks lead NGX N2bn loss
Equities reversed previous gains to close on a downturn yesterday, occasioned by losses from many blue-chip stocks, especially NEM insurance and Custodian and Allied Insurance, causing market capitalisation to decline by N2 billion. At the close of transactions on the Nigerian Exchange Limited (NGX), yesterday, market capitalisation of listed equities declined slightly by N2 billion […]
Gains in BUA Foods, 23 stocks lift NGX index further by 0.3%
The reign of the bulls continued unabated on the equities sector of the Nigerian Exchange Limited (NGX), as many blue-chip stocks, especially BUA Foods and Academy Press join the league of gainers, resulting in a further rise in the All-Share Index (ASI) by 0.3 per cent. Specifically, the market capitalisation of listed equities increased by […]