4
Sep
September 4, 2023
| Index rises by N60 billion amid bargain hunting in Seplat, NGX – GuardianDemand, Strong Fundamentals Lift Dangote Cement, MTN, Airtel, Eight Others’ Market Value to N28.84tn – Thisday |
| Following a surge in demand by investors, and strong fundamentals, 11 bluechip companies out of the 155 listed on the Nigerian Exchange Limited (NGX) dominated the equities market in eight months of 2023, growing their market value by 79.2 per cent during the period. The companies include: Dangote Cement Plc, MTN Nigeria Communication Plc, Airtel Africa Plc, BUA Cement Plc, BUA Foods Plc and Guaranty Trust Holding Company Plc (GTCO)…. …….. ………………… … .. …… .. …. . ……….. ………. …………. . ….. . … …………….……..Read More |
Stock investors gain N1.08tn in one week – Punch |
| The Nigerian equity market investors saw an appreciation of N1.08tn in their wealth last week. The uptick resulted from bullish trading in select stocks as investors positioned for more half-year earnings reports. Last week, the NGX All-Share grew by three per cent or 1,968.28 basis points to settle at 67,527.19. Also, the market capitalisation appreciated by N1.078tn to N36.958tn at the close of the week..,….. …….., . … …………….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
NGX behind Ghana, ranks second best-performing in Africa – Guardian |
| Despite prolonged inflation, interest rate hike, insecurity and other macroeconomic challenges, the Nigerian Exchange Limited (NGX) emerged as the second best-performing exchange in Africa in the last three months. A breakdown of the performance showed that the market capitalisation, which stood at N20.034 trillion at the beginning of June rose to N36,422 trillion at the end of the transaction on August 31,representing an increase of N16.388 trillion ……… ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Investment in technology, product development others lift GTCO’s H1 PBT by 217.1% – Guardian |
| Guaranty Trust Holding Company Plc (GTCO) has posted a profit before tax (PBT) of ₦327.4 billion in its half year (H1) operations, against ₦103.2 billion achieved in the corresponding period in 2022. Specifically, the bank’s audited result for June 30, 2023 period showed 217.1 per cent rise in PBT to ₦327.4 billion from ₦103.2 billion posted in 2022 while Group’s loan book (net) increased by 22.8 per cent from ₦1.89 trillion recorded as at December 2022 to ₦2.32 trillion in June 2023……. …. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
How Dangote Sugar Merger Will Enhance Investors’ Return – Thisday |
| Investors stand to reap robust returns with the proposed merger between Dangote Sugar Refinery Plc (DSR), NASCON Allied Industries Plc, and Dangote Rice Limited. DSR and NASCON Allied Industries over the years on the Nigerian Exchange Limited (NGX) have maintained stronger earnings and dividend payout to shareholders, a fundamental that have impacted on stock prices…… …. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
GTCO, Fidelity Bank, Stanbic IBTC Shareholders to Get N42.15bn Interim Dividend – Thisday |
| Following a good performance in H1, Guaranty Trust Holding Company Plc (GTCO), Fidelity Bank Plc and Stanbic IBTC Holdings have announced plans to reward their shareholders with N42.15 billion interim dividend for half year ended June 30, 2023. The three banks in H1 2022 paid shareholders N31.16 billion as interim dividend……. …. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |