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MayTHE NIGERIAN STOCK EXCHANGE MARKET REPORT FOR MAY 13th – 17th, 2024 Equity Turnover : Last week on the floor of the Exchange, investors traded a total turnover of 1.652 billion shares worth N42.677 billion in 38,123 deals. This represents a decrease compared to the previous week, where 2.187 billion shares valued at N50.667 billion were exchanged […]
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MayThe Nigerian stock market is experiencing a downturn characterized by a shortage of positive news, volatile FX market, rising inflation rates, and anticipation of another rate hike at the next Monetary Policy Committee (MPC) meeting. Investors are adopting a cautious approach amid expectations of further bearish trends following the fizzling out of first-quarter results momentum. The market[…]
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MayGTCO, the parent company of Guaranty Trust Bank, plans to raise $750 million by listing additional shares on the Nigerian and London Stock Exchanges. This move aims to meet and surpass the new working capital requirement set by the Central Bank in February 2024. The decision on whether the shares and bonds will be issued in tranches,[…]
