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Daily Business News Brief – December 27th, 2023

27
Dec

Capital market sustains upswing amid subsidy removal, forex crisis – Punch
The Nigerian Exchange Limited closed negatively in the years preceding the elections of 2015 and 2019, but bucked the trend last year, posting a 19.98 per cent return. It has sustained this trend this year, despite the uncertainty that trailed the 2023 general elections.
On the first day of trading after the February 25 presidential election, the market hit N30tn capitalisation……………………. ……………………… .. . .,.. ………… …….. ………………… … .. …… ..  …. . ……….. ………. …………. . ….. . … …………….……..Read More
Sectoral outlook of the NGX: Banking and consumer goods – Nairametrics
As 2023 winds up, the NGX has witnessed remarkable performances in two pivotal sectors: banking and consumer goods.
These sectors have been a beacon of resilience and growth amidst market fluctuations, showcasing consistent strength and promising trends throughout the year. … …. …… . ……… . ……………… . …………………………. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
UBA, FBN Holdings, Other Banking Stocks Beat Inflation as Returns Hit 112.60% – Thisday
Investors who invested in the banking stocks on Nigerian Exchange Limited (NGX) are reaping bountiful reward on investment, as United Bank for Africa Plc, among others continued to appreciate elevated by Central Bank of Nigeria (CBN) foreign exchange reforms.   
Other factors driving banking stocks on the NGX include; impressive corporate earnings and interim dividend pay-out to investors….. .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
Chams HoldCo’s CEO Explains Stellar Performance – Thisday
Despite the inclement operating environment, in Nigeria,  Chams Holding Company Plc (Chams HoldCo) has continued to sustain its brand positioning following its trajectory of excellent performance .
Only recently, the Company topped the list of quoted companies  with over 600 percent capital gain on NGX and lots more…. . .. ,…………… …… …………..,…………….. ….:,….. … ……….. .. ……..  . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More
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