*Record 20% growth By Nkiruka Nnorom Eight companies listed on the Premium Board of the Nigerian Exchange Limited (NGX), otherwise known as elite issuers, account for 49.2 percent of the total equities market capitalization at the end of 2021. The companies, which also comprise some of the most capitalized stocks in the Exchange, recorded 20.1 […]
The combined market capitalization of the stocks worth over one trillion (SWOOTs) appreciated by 1.88% to close at N17.06 trillion from N16.75 trillion the previous week, reflecting a gain of N315.49 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS. Stock Performance Nestle Nig Plc […]
The list of Nigerian most valuable bank for 2021 has been revealed with Guaranty Trust Bank and Zenith bank leading the list The value of the banks were calculated using how much was added to their total share price as at Friday, December 31, 2021 Nigerian banking sector stocks remains one of the most traded […]
At the Nigerian Exchange Limited (NGX), on Tuesday, the benchmark index recouped previous day loss as a result of renewed bargain hunting activities. Specifically, the overall sentiments was buoyed by bargain buying in BUA Cement and BUA Foods stocks as the respective shares appreciated by 2.0 per cent and 4.2 per cent. Thus, the All-Share […]
Analysts from securities companies are optimistic of stock market uptrend this week on Dangote Cement Plc shares buy-back programme and positioning for 2021 full year financial results. Analysts Optimism Analysts at Cowry Assets Management Limited say they expect the equities market index to further rise as investors buy more shares, especially Dangote Cement Plc, as […]
Nigerian stocks Nigerian stocks rose 0.58 per cent on Tuesday to reverse the loss reported the session before as bank stocks led by Ecobank Transnational Incorporated, GTCO and Access Bank as well as Dangote Sugar. Investors’ stronger risk appetite means trade volume scaled up by 10 per cent. BUA Foods was honoured with a closing […]
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these announcements to know who is eligible to collect the dividend, when it will be approved and when it will be paid. Dividend payment also affects […]
Nigerian stocks Nigerian stocks yielded 1.37 per cent in the just concluded week even though trade volume dropped by more than one-fifth. As investors, analysts and market-watchers look forward to release of full-year 2020 financials, the watchword for investors will be stocks with sound fundamentals , capable of delivering strong earnings. PREMIUM TIMES has assembled […]
Kayode Tokede The market capitalisation o f the Nigerian Exchange (NGX) yesterday rose by N28 billion amid sustained investors bargain hunting in 28 stocks. The NGX All-Share Index (ASI) increased by 42.71 basis points or 0.10 per cent to close at 43,897.13 basis points. Similarly, the overall market capitalisation size gained N28 billion to close […]
Nigerian Stock Exchange The Nigerian Exchange Limited (NGX) reopened in an upbeat yesterday, occasioned by gains in major highly capitalised (high cap) stocks, as market capitalisation appreciated by N276 billion. Specifically, the All-Share Index (ASI) rose by 528.15 points, representing a growth of 1.26 per cent to 42,411.12 points. Accordingly, investors gained N276 billion in […]
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