A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 0.28% to close at N18.23 trillion from N18.18 trillion the previous week, reflecting a gain of N50.89 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS. Stock Performance: MTNN Plc – N206.00 […]
BY: CHARLES ABUEDE Equity market analysts are now openly expressing fears that consumer goods stocks such as Dangote Sugar, Flour Mills Nigeria, Nestle Nigeria and Unilever Nigeria, as well as industrial-focused stocks involved in cement production with a heavy gas composition in their energy mix, may emerge as losers from the faceoff in Eastern Europe […]
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
Sola Oni writes that equity investors are likely to purchase shares of companies that have proposed high dividend The first quarter of the year is always characterized by announcement of audited financial results by the quoted companies on Nigerian Exchange Group PLC (NGX PLC). One of the key drivers of an efficient market is the […]
No doubt, barely one month after, the market has not proven us wrong as year-to-date (YtD) positive return stayed at +10.18percent At the beginning of the year, we showcased Nigerian stocks investors should buy in this year 2022 as a guide to those seeking both capital appreciation and long term returns in form of dividend […]
Nigeria’s Financial Service sector is expected to continue its 2021 progress and grow by 8.32%. This was revealed by the Managing Director/Chief Executive Officer, Financial Derivatives Company, Mr Bismarck Rewane, at the Nigerian Economic Outlook 2022 webinar organised by First Bank of Nigeria Ltd. on Thursday in Lagos, according to NAN. He stated that growth […]
BUA Foods Plc joined the SWOOTs after passing the N1 trillion threshold required to be classified as a member of the group. After appreciating by 24.10% during the week, from N53.2 per share to N66.00 per share, BUA Foods had gained a total of N230.40 billion, taking the company’s market value to N1.19 trillion. Up […]
SWOOT The combined market capitalization of stocks worth over one trillion (SWOOTs) depreciated by 0.16% to close at N17.75 trillion from N17.78 trillion the previous week, reflecting a loss of N29.12 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS. Stock Performance Airtel Africa Plc […]
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