By Dipo Olowookere The Nigerian Exchange (NGX) Limited closed at a level last seen in August 2008 on Tuesday after it recorded a growth of 1.04 per cent. This pushed the All-Share Index (ASI) higher by 486.64 points to 47,111.21 points from 46,624.67 points and raised the market capitalisation by N489 billion to N25.387 trillion […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited posted a 0.38 per cent decline on Wednesday as a result of profit-taking in MTN Nigeria, Lafarge Africa, GTCO, Zenith Bank and 29 others. In the previous trading sessions, the nation’s stock market had risen to levels last seen in 2008 as a result of renewed confidence […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) maintained its positive trend last week as foreign and high network investors continued to take position in stocks with attractive dividend yields ahead of 2021 financial year dividend declarations. The stock market of NGX appreciated by N579billion in first-week trading in February as foreign […]
Stocks that helped the market’s positive start to a new month include Seplat Energy Plc, Conoil Plc, Academy Press Plc, RT Briscoe Plc and Presco Plc. Nigeria’s equities market opened month of February on a positive note (+1.04percent or N262billion), pushing higher this year’s positive return to +10.29percent. Stocks that helped the market’s positive start […]
Four of the major oil marketing companies in Nigeria saw their combined revenue surged by 46.96 per cent last year as fuel demand recovers from the impact of the COVID-19 pandemic. The companies, namely Conoil Plc, TotalEnergies Marketing Nigeria Plc, MRS Oil Nigeria Plc and Eterna Plc, grew their total revenue by N198.9bn in 2021 […]
First quarters are always characterized by the announcement of audited financial results by companies quoted on the Nigerian Exchange Group Plc (NGX Plc). One of the key drivers of an efficient market is the availability of authentic and regular information from quoted companies. It is a post listing requirement that a listed company must submit […]
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 […]
By Dipo Olowookere Nigerian Exchange (NGX) Limited has rejigged its market indices, with some companies leaving and joining, according to a statement made available to Business Post . It was stated that the review became effective from Tuesday. January 4, 2022, and the affected indices are the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate […]
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