Stocks – InfoStride News

Banking Stocks Soar to N7.91 Trillion Market Cap as Nigerian Banks Brace for New Recapitalization Round

Temitope Nlewemchi — Mon, 28 Oct 2024 22:26:41 +0000

Nigeria’s banking sector has witnessed a surge in its market capitalization, reaching an impressive N7.91 trillion. This milestone comes amid ongoing discussions around a fresh round of recapitalization for the country’s financial institutions, aimed at bolstering the industry’s resilience and aligning it with global banking standards. As the recapitalization process looms, market analysts, industry stakeholders, [...]

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Nigerian Stocks: List of Dividends announced in 2024

Temitope Nlewemchi — Wed, 26 Jun 2024 22:43:20 +0000

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 share prices. [...]

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Inflation Jitters Persist: Global Stocks Retreat as Price Pressures Linger

Temitope Nlewemchi — Fri, 24 May 2024 22:34:15 +0000

Global stocks mostly declined on Wednesday following British inflation data that dashed hopes for an immediate Bank of England rate cut, and Federal Reserve minutes highlighted concerns about persistent inflationary pressures. London stocks closed lower, with the pound strengthening after the announcement that Britain’s Consumer Prices Index rose 2.3 percent in April, slightly exceeding analyst [...]

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NGX closes positive with the market cap up by N117 billion

Temitope Nlewemchi — Tue, 11 Oct 2022 22:27:52 +0000

The Nigerian Bourse (NGX) closed positive amidst buy-interests and sell-offs as bulls dominated proceedings, driving up the broad market by 45 basis points. The All-share Index (ASI) appreciated by 0.45% to close at 47,565.92 points. In the same vein, Market Capitalization grew by N117 billion to close at N25.91 trillion while the Year-to-Date (YtD) returns [...]

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Financial stocks shoots NGX turnover by 67.1 %

Temitope Nlewemchi — Sun, 13 Mar 2022 01:03:19 +0000

At the close of last week’s transactions, the financial services industry led the activity chart with 1.120 billion shares valued at N10.9 billion traded in 13,514 deals; thus, contributing 67.13 per cent to the total equities turnover. The conglomerate industry followed with 242.945 million shares worth N395.2 million in 1,418 deals. The consumer goods industry [...]

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Equities regain vigour as Presco, 29 stocks lift indices by N71 billion

Temitope Nlewemchi — Thu, 10 Mar 2022 15:25:37 +0000

Due to the result of the gains recorded by Presco Plc and 29 other stocks, the Nigerian Exchange Limited (NGX) rebounded after five days of bearish trend yesterday, as market capitalisation increased by N71 billion. In summary, the All-Share Index (ASI) grew by 132.74 absolute points, representing an increase of 0.28 per cent to close [...]

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Jumia stock dips 25% in one week, quants warn against buying

Temitope Nlewemchi — Sun, 21 Nov 2021 20:32:26 +0000

The share price of Jumia Technologies, one of Africa’s largest e-Commerce companies, went down 25% in the last 5 days as investors dumped the stock. The stock started at $19.4 per share and fell to $14.09 per share as of Friday, November 21, 2021. Jumia has seen its share price tank 65% year to date [...]

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Cape Town Stock Exchange aims to lure firms from Nigeria to Kenya

Temitope Nlewemchi — Sat, 23 Oct 2021 15:20:08 +0000

The latest South African stock exchange pledging to lure firms from across the continent with listing costs that are a third of that charged by the Johannesburg Stock Exchange as it opens on Thursday. TWK Agri Pty. will be the first company to trade on the Cape Town Stock Exchange, which was previously called 4 [...]

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Brazil Stock Exchange moves to provide oracles for digital real

Temitope Nlewemchi — Mon, 18 Oct 2021 22:33:33 +0000

Brazil Stock Exchange (B3), one of the world’s few exchanges trading Bitcoin (BTC) exchange-traded funds (ETFs), is exploring ways to provide data inputs for the country’s central bank digital currency (CBDC). Luis Kondic, managing director of listed products and data at B3, claimed that the stock exchange is considering providing oracles to bridge external data [...]

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FUGAZ investors stocks lose N30.02 billion in the previous week.

Temitope Nlewemchi — Sat, 11 Sep 2021 18:45:08 +0000

The market capitalization of the top five banks, referred to as the Tier-1 banks decreased to N2.41 trillion at the close of business on the 10th of September 2021 as investors in these banks lost N30.02 billion during the trading week. According to data from the Nigerian Exchange (NGX), the market capitalization of the top [...]

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Appetite for high cap stocks lifts capitalisation by N24b

Temitope Nlewemchi — Wed, 18 Aug 2021 19:47:07 +0000

Following investors’ appetite for some high-capitalised stocks, the Nigerian stock market reversed previous losses to close on an upward note yesterday, as market capitalisation appreciated by N24 billion. Specifically, at the close of transactions yesterday, the market capitalisation of the Nigerian Exchange Limited (NGX) rose by N24 billion from N20.582 trillion recorded on Monday to [...]

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Foreign stock investors withdraw N99.94bn in four months

Temitope Nlewemchi — Sun, 06 Jun 2021 21:29:51 +0000

A total of N99.94bn was pulled out by foreign investors from the Nigerian stock market in the first four months of this year as foreign involvement plunged to a four-year low in April. The foreign portfolio investors injected N 78.31bn into the market from January to April this year, according to data from the Nigerian [...]

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Stocks This Week: Subdued trading dampens hopes of resounding recovery

Temitope Nlewemchi — Sun, 06 Jun 2021 21:03:42 +0000

Tuesday through Friday, Nigerian equities posted minimal gains, helping the week return 1.23 per cent, but growth for the quarter and for the year so far remains negative, with investor confidence in the market too low to bring back activity to its pre-pandemic levels. Foreign investors’ interest in Nigerian stocks substantially wore out in 2020 [...]

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World Investors Week: The Nigerian Stock Exchange Gives Insight

Adebimpe A. — Sat, 10 Oct 2020 15:56:22 +0000

In commemoration of the “World Investors Week”, 2020, The Nigerian Stock Exchange (NSE), has provided information on shares. According to the NSE, through an update shared on their page, investors who wish can trade their shares through a stock broker who wil in turn help them to trade their stocks remotely through direct market access [...]

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