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Daily Business News Brief -December 21st, 2022

Home   /   Business News Brief   /   Daily Business News Brief -December 21st, 2022
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December 21, 2022
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in Business News Brief

Is Zenith Bank share price still undervalued? – Nairametrics
Zenith Bank’s share price is on a tear! Nigeria’s largest bank by market capitalization, has seen its share price rise by 38% since it hit a year low of N18 back in October. The bank released its Q3 2022 results showing gross earnings grew by 19.7% to N620.57 billion……..……..Read More

Stock Market Close Flat as ASI Settles at 49,416.18pt – Thisday
Trading closed on an uneventful note yesterday on the stock market of the Nigerian Exchange Limited (NGX) as the bench market settled at 49,416.18 basis points. The All Share Index (ASI) rose by 1.22 basis points or 0.002 per cent to close at 49,416.18 basis points from 49,414.96 basis points it opened for trading…….……..Read More

At 16.67%, Foreign Portfolio Investments in Stock Market Hits Over 9-year Low – Thisday
Amid 2023 political uncertainty and scarcity of foreign exchange, foreign portfolio investments in the Nigerian stock market dropped to 16.67 per cent in 11 months of 2022, the lowest level in over 9 years. This is in contrast to 22.93 per cent foreign portfolio investments in 11 months of 2021……..……..Read More

Stock trading apps exacerbate panic mood of retail investors -Operators – Nairametrics
Market operators said that the increasing use of stock trading apps in Nigeria is causing investors to be in an ‘activate panic mood’. The market operators stated this while speaking to Nairametrics, noting that most retail investors using the apps are generally uninformed about how the capital market operates…………….Read More
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