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Nigerian Stock Exchange

NSE, ARM Securities Partner on Retail Investors’ Participation

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NSE

The Nigerian Stock Exchange (NSE) in collaboration with ARM Securities Limited yesterday held a retail investors workshop in line with its objective to enhance retail investors’ participation in the Nigerian capital market. The event was themed: Value Investing vs. Growth Investing.

Speaking at the event, the Divisional Head, Trading Business, NSE, Mr. Jude Chiemeka, said: “Despite the year 2020 presenting a number of local and global economic challenge, the Nigerian stock market witnessed what was arguably one of its best years in recent history. The market recorded a number of significant milestones and achievements during the course of the year, one of which was the NSE All Share Index emerging the best performing index in the world out of 93 global indices tracked by Bloomberg, posting a one-year return of +50.03 per ent. It is therefore no wonder that the stock market has continued to attract numerous investors.”

According to him, at the NSE they will continue to make it a priority to not only provide all investors with an accessible, transparent market where they can achieve their investment objectives, but also to equip investors with the necessary skill and knowledge required to enable them achieve those objectives.

In addressing the theme around Value Investing vs. Growth Investing, Investment Research Analyst, ARM, Mr. Mustapha Alao, and Equities Portfolio Manager, ARM, Mr. Seyi Adeosun, provided participants with insights on the opportunities both strategies provide. The importance of determining an investor’s investment objective, risk appetite and knowledge of the stock market were emphasised as critical factors in making investment decisions.

Participants were allowed to further engage with the speakers through a dedicated interactive session moderated by the Head, X-Academy, NSE, Ms. Ugochi Obi.

In his address, Managing Director, ARM, Mr. Gbenga Magbagbeola, provided information on how participants can take advantage of capital market opportunities.

In response to the participants’ and the investment public’s growing demand for a better understanding and appreciation of investment products, the exchange continues to provide touchpoints to communicate including webinars such as this.

Nigerian Stock Exchange

Experts Says Yes to Access Bank Shares, Predicts Growth

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Access bank

Analysts at United Capital Plc, an investment banking group, have said Access Bank is a good stock to buy given its recent acquisition and series of adjustments made to its strategies.

The analysts said the bank that recently expanded its operations to Cameroon, Kenya, Zambia and South Africa has the possibility of double-digit capital appreciation of about 14 percent.

We expect Access Bank to sustain top and bottom-line expansion in 2021. While non-interest income growth should taper going forward, as the economy stabilises, we imagine that rebounding asset yields, supported by massive balance sheet size and gains from expansion activities, should spur interest income growth,” United Capital stated.

The experts said the bank’s well-diversified loan book is expected to sustain asset quality and thus keep non-performing loans and cost of risk within prudential limits.

Therefore, the analysts expect pre and post tax profits to remain stable in 2021, a continuation of 13 percent pre tax profit growth filed in 2020.

As such, in addition to the already concluded acquisitions, plans are currently in place to enter Morocco, Algeria, Egypt, Ivory Coast, Senegal, Angola, Namibia and Ethiopia. A sum of $60 million was paid to acquire south Africa’s Grobank, a major milestone in the bank’s foray into the south African market and a critical factor in driving intra-African trade by widening its trade finance operations,” United Capital stated.

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Nigerian Stock Exchange

VFD Group Plc Receives SEC Clearance for its Proposed N4.13Billion Right Issue

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Nonso Okpala - VFD Group - investorsking.com

Lagos-based proprietary investment company, VFD Grouphas received clearance from the Securities & Exchange Commission (SEC) for the proposed right issue of 7,452,054 Ordinary Shares of 50 Kobo each at N556 per share based on 1 share for every 16 shares held.

The proposed right issue was approved by the Board of Directors at its Extraordinary General Meeting (EGM) which held on 23rd November 2020. The capital raise is part of the long-term strategic plan of VFD Group to harness the opportunities in selected companies that meet VFD Group’s Investment criteria.

The Group Managing Director/CEO, Nonso Okpala, has expressed his gratitude to the regulatory body, SEC, for the clearance, while hinting on the next phase of the business.

“Our expansion drive has been a long time coming and with this clearance, one of our immediate first steps is the enhancement of our systems, and the integration of all our subsidiary offerings under a very effective and technological platform. We are focused on expanding further within the local financial services industry as well as on the African continent,” he disclosed.

VFD Group is a proprietary investment company that focuses on building positive and socially conscious ecosystems by aggregating potentially viable business with the objective of creating innovative products and solutions that are accessible to the everyday Nigerian citizen and entrepreneur.

VFD Group Plc was founded on the values of integrity and good governance, and built on the strength of innovation and network, the goal of VFD Group is to establish a firm foothold in various ecosystems on the continent through their subsidiary companies. VFD Group operates through various portfolio to provide innovative financial services – alternative funding and investment channels – that are accessible to individuals and small businesses that provide the following services: Financial Advisory, Currency Exchange, Debt services, Private Funds Management, Asset Management, Real Estate, International Remittance/ Settlement.

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Nigerian Stock Exchange

Listed Companies Gained 0.16 Percent on Friday

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Nigerian Stock Exchange

Companies listed on the Nigerian Stock Exchange (NSE) gained 0.16 percent on Friday to push the All-Share Index from 38,571.89 basis points on Thursday to 38,808.01 index points on Friday.

The Exchange market capitalisation rose to N20.310 trillion with investors trading 262.510 million shares valued at N2.438 billion in 3,525 deals.

Fidelity Bank led the most traded stocks in terms of volume with 46,151,809.00 shares valued at N110,562,441.03.

This was followed by First Bank of Nigeria Holdings’ 33,985,247.00 shares worth N258,398,231.05. See the details below.

Top Trades

Symbols Volume Value
FIDELITYBK 46,151,809.00 N110,562,441.03
FBNH 33,985,247.00 N258,398,231.05
GUARANTY 33,465,217.00 N965,283,002.55
MBENEFIT 20,451,489.00 N7,049,340.54
MANSARD 14,092,168.00 N12,247,827.76

Top Losers

Symbols Last Close Current Change %Change
JAPAULGOLD N0.70 N0.63 -0.07 -10.00%
STERLNBANK N1.64 N1.48 -0.16 -9.76%
FCMB N2.92 N2.66 -0.26 -8.90%
MBENEFIT N0.37 N0.34 -0.03 -8.11%
GLAXOSMITH N6.80 N6.40 -0.40 -5.88%

Top Gainers

Symbols Volume Value
FIDELITYBK 46,151,809.00 N110,562,441.03
FBNH 33,985,247.00 N258,398,231.05
GUARANTY 33,465,217.00 N965,283,002.55
MBENEFIT 20,451,489.00 N7,049,340.54
MANSARD 14,092,168.00 N12,247,827.76

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