Also, you have to confuse all players in the blockchain network, in accepting such forged digital coin. down 7.69% to close N3.00, LASACO ASSURANCE PLC. Dynamics products and cloud services revenue increased 19% (up 18% in constant currency), driven by Dynamics 365 revenue growth of 38% (up 37% in constant currency). READ: #EndSARS protests curb Bulls at the Nigerian Stock Market, READ: Why you should avoid investing long term in Nigeria’s stock market, READ: #EndSARS: FG creates new N25 billion Youth Fund, to increase to N75 billion in 3 years, READ: Nigerian bourse close flat, triggered by low market liquidity. FLOUR MILLS PLC. Its Year-to-Date (YTD) returns currently stands at +6.91%. The Adekunle to Adeniji section of the Third Mainland Bridge will be shut down for another round of repairs on... Nigeria's treasury bills rate was oversubscribed despite falling to 0.5%. The world’s software giant, Microsoft saw its shares drop about 1.66% of its value, immediately after the tech juggernaut gave unimpressive revenue guidance. And over time, Bitcoin could be held for other reasons such as for making payments, not just for being a store of wealth as gold is, according to JPMorgan Chase. down 9.89% to close N4.19, LINKAGE ASSURANCE PLC down 9.09% to close N0.40, REGENCY ASSURANCE PLC down 8.33% to close N0.22, ROYAL EXCHANGE PLC. Finally, for the financial sector; JP Morgan Chase, and Goldman Sachs, simply because they’ve been around long enough to survive major recessions and economic down turns, like the 9/11 triggered economic issues, as well as the 2008 recession. However, in its recent earnings call, Microsoft CEO, Satya Nadella, gave valuable insights into why Microsoft is heading in the right direction, with significant investments in its cloud businesses. Microsoft also revealed that operating profit margins were more likely to be affected in H1 2020 year. Nigerian Stock Exchange market capitalization now stands at N14.99 Trillion. READ: PMI: Nigeria’s manufacturing sector gains momentum in November, READ: These industries drove business activities in September. Okonjo-Iweala has announced her excitement about being declared candidate with the largest and broadest support among members. My favorite technical screeners include, Average daily volume traded greater than 1mil units. Individuals hoping to meet foreign exchange payment obligations, via dollar transactions to European countries, and Japan, would need fewer US dollars in meeting such obligations. This growth places United Capital in fourth position, as one the best performing stocks between July and September 2020.
FBNH, ACCESS, and FIDELITYBK were the most active to boost market turnover. This site uses Akismet to reduce spam. Learn how your comment data is processed. Examining current cybersecurity challenges due to this pandemic as well as tips and recommendations on how to address them. My picks on the top 100 stocks in the USA would be Apple, Amazon, and Google for the technology industry, because of how fast they are adapting to global change especially in the pandemic. On the 29th of October 2020, 150 new confirmed cases and 2 deaths were recorded in Nigeria. That said, Microsoft printed impressive first-quarter earnings which exceeded estimates. “Under these conditions, the US dollar tends to shine bright as the cleanest shirt in that dirty laundry list.”. This means that any time the value of the safe-haven currency drops below the 93.00 support level, traders increase their long positions. At the time of writing, the U.S dollar index – used to track the U.S dollar strength against 6 major currencies was up by 0.6%. Member of the Chartered Financial Analyst Society. However, a reduced cost of sales helped improved the company’s gross profit by 10% and a subsequent 78% increase in profit before tax at N19.38 billion. READ: Investors on rampage as Ethereum posts 10.3% gain, Stephen Innes, Chief Global Market Strategist at Axi, also spoke on key issues prevailing in the safe-haven currency market. Data obtained from Nairalytics – the research arm of Nairametrics, showed that FTN Cocoa has not released its financials since Q1 2019. READ: Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN. Most of these U.S Stocks also have engaging success stories of young entrepreneurs like Microsoft’s Bill Gates, Tesla’s Elon Musk, Google’s Larry Page, and Facebook’s Mark Zuckerberg. However, the bulls strengthened their resolve and overturned previous losses recorded as many NSE30 Stocks exhibit good fundamentals and remained undervalued with respect to other Sub Sahara listed stocks, thereby leading to impressive gains across the market spectrum on Thursday and Friday’s trading sessions. It’s important to note that such a bullish call by an American elite bank is coming on macros that BTC has a circulating supply of 19 million coins and a max supply of 21 million coins, meaning there are about 2 million left to be mined. We focus on providing resources that help small businesses and retail investors make better investing decisions.
The U.S stocks post gains in Q3 2020, amid growing geopolitical uncertainty, and were up by 7.6% in Q3 2020. Office Commercial products and cloud services revenue increased 9%, driven by Office 365 Commercial revenue growth of 21% (up 20% in constant currency). The Nasdaq composite index rose 11% in Q3 2020, and registered its biggest two-quarter increase since 2000. Your email address will not be published.
Nigerian Stocks remained resilient W/W amid EndSARS protest, falling oil prices W/W, and most importantly looting and destruction of properties carried out by hoodlums at Nigeria’s major economic hubs, Olumide Adesina is a France-born Nigerian. Buying pressure was significantly seen across leading NSE 30 Stocks like Dangote Cement, Nestle, and not forgetting Total which recently declared a profit after tax of N500million in Q3 thereby beating market analysts forecasts. Nigerian Stock Exchange & Market News - Get the latest and breaking stock markets news, picks, tips, analysis and recommendation for Nigerian equities
$ETH, $LINK, $REN, $ELF, $KNC, & $ZRX are among cryptos recently hitting one-year highs. Stock Picks. The data beat leading economists’ estimates for a 32% increase, which was already well above prediction three months ago for an 18% surge. A total turnover of 1.505 billion shares worth N19.668 billion in 20,552 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.955 billion shares valued at N22.978 billion that exchanged hands last week in 22,844 deals. It also recorded a 14.92% positive growth in the second quarter. Such bias has made global investors push U.S Stocks to impressive gains for its second consecutive quarter. Saturday, October 3rd, 2020 A viral message broadcast on social media suggested men of the Special Anti-Robbery Squad SARS had gunned down a … INTERNATIONAL BREWERIES PLC. Taking into account that about 4 million Bitcoins have been lost forever as a result of BTCs’ owners dying, and their next of kin not having access to such cryptos, it is fair to say there are only about 15 million BTC presently in circulation to cater for over 7 billion people fighting to have a stake in Bitcoins.
Nairametrics captured the timeline of notable events from the moment it all began to the latest developments. The All Share Index gained by 0.28% to close at 28,777.96 basis points as against +0.28% appreciation recorded previously. My top three will be Costco wholesale, for being steady month in month in the bulk discount retail sector; Microsoft, due to the essential part of technology/software in the market; Nike, for having doubled in share price since the 52-week low of $60 a share during the pandemic, and looking good into 2021. PenCom has released N2.58billion for payment of pension benefits of deceased workers. Twenty-eight (28) equities appreciated at price during the week, lower than thirty-five (35) equities in the previous week.
As Company stocks is one of the popular means of short-term investments in Nigeria and a look at persistent inflationary pressures; it is imperative to assess the performances of the stocks listed on the exchange during the covid era, to ascertain the profitability of investors in this period.
A cursory look at the Q2 2020 financial performance, shows a 5% year-on-year decrease in revenue generated. After screening this list out, I ensure they also have the right technical properties as well. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment Trading and Financial Market Analysis. Nigerian stock market ended its last trading session on an impressive note.
In a report credited to Business Insider, America’s most valuable bank, JPMorgan Chase, gave valuable insights on why it believes the odds are with Bitcoin to keep rising in value. “Demand for our cloud offerings drove a strong start to the fiscal year with our commercial cloud revenue-generating $15.2 billion, up 31% year over year. Saturday, October 3rd, 2020 A viral message broadcast on social media suggested men of the Special Anti-Robbery Squad SARS had gunned down a … CAP Plc recorded a boost in its two revenue-generating units, as total revenues grew. The All Share Index gained by +1.58% to close at 29,437.60 points, as against +0.70% appreciation recorded on Tuesday. Its Year-to-Date (YTD) returns currently stands at +6.91%. Revenue was $37.2 billion and increased by 12%. The surge is partially attributed to the leading blue-chip stocks that includes GTBank, Cadbury, Conoil, and Flour mills. However, this means the crypto has more room for upside and can potentially compete with gold as the preferred alternative currency. The world’s safe-haven currency, the U.S dollar is enjoying a robust trading session, amid impressive data coming from the world’s largest economy, as investors are selling out other G7 currencies and increasing their buying pressure on the U.S dollar. Investors are generally better off sticking to well-known large cap stocks with strong brand recognition, as they start off on their investment journey.”, READ: Gold prices settle lower, amid President Trump’s COVID-19 infection, Taiwo Megbope, Head of Equity Research, Co-founder of Investor Hangout, “I am a Value investor at heart. A Trump victory will see a stock market bump, as traders buy shares to cover their Put options. Investors selling out other G7 currencies and increasing their buying pressure on the U.S dollar. Trading in the top three equities namely Guaranty Trust Bank Plc, Access Bank Plc, and United Bank for Africa Plc (measured by volume) accounted for 633.527 million shares worth N10.006 billion in 3,887 deals, contributing 42.08% and 50.87% to the total equity turnover volume and value respectively. up 6.35% to close N0.67, FIDSON HEALTHCARE PLC up 6.29% to close N3.72, FLOUR MILLS NIG. Outlook There are also trusted and stable global blue-chip names like JP Morgan Chase, Goldman Sachs, Well Fargo, AT&T, General Motors, Amazon.com and Pepsi, attracting millennials and many global stock traders from diverse locations, making it the biggest equity market in the world.
With the initiative, Stanbic IBTC aims to improve and deepen the financial knowledge of Nigerian children. Net income was $13.9 billion and increased by 30%.
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