U.S. companies are showering investors with a record windfall in the form of dividends and share buybacks, helping to propel the stock market's rally. Companies in the S&P 500 index are expected to pay at least $300 billion in dividends in 2013, according
The announced sale Thursday of NYSE Euronext to ICE, an Atlanta-based derivatives exchange, may be rattling some Wall Street traders and market pros. But what does the $8.2 billion deal mean for Main Street investors?
Goldman Sachs Group Inc. GS +0.57% is doing away with two-year contracts for most analysts hired out of college, according to communications reviewed by The Wall Street Journal and confirmed by a Goldman spokesman. Analysts also won't get bonuses for comp
In the bull market that has suddenly broken out for stocks, you might have missed the bull market emerging in another commodity: regulatory irony.
The likely outcome will be wide access to formerly exclusive securities—and a greater risk of fraud and abu
It is three trading days after Facebook went public, and we now know that the IPO will live forever in the history books – just not in the way anyone had planned. Had Facebook openly set out to sabotage its own IPO, it could not have invented a better or
The NSE index which began 2010 with very promising up trend appears to be turning into a whimper. Although the NSE all share index gained 1,713 or 8.2% in January 2010, approximately 1,233 or 72% of the gains were made in the first half of the month. Sinc
The regulatory authorities of Islamic finance have been working to bring greater clarity to the relatively young sukuk asset class, but the market will need time to digest the implications. Writer Philip Alexander
At this point it is beginning to look as if the bottoms for majority of listed stocks in the NSE are still several naira away from their current prices. ...leaders in the financial sector are beginning to break through support levels that acted as solid b
It is easy, unscientifically, to ascribe the reason for the decline in the stock price to the downturn in the NSE. However, it is evident that at the peak price of N2.34k, the stock price was N1.40, or 149% above our calculated fair value of N0.94k.
...despite our bullish view of opportunities in Nigeria, we expect the countryÃƒÆ’Ã†â€™Ãƒâ€ Ã¢â‚¬â„¢ÃƒÆ’Ã¢â‚¬Â ÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ÃƒÆ’Ã†â€™ÃƒÂ¢Ã¢â€šÂ¬Ã…Â¡ÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã†â€™Ãƒâ€ Ã¢â‚¬â„¢ÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã†â€™Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â€šÂ¬Ã…Â
The state of the Nigerian stock market for the past 10 weeks till date suggests it only takes a pretty big risk-taker to inject fresh funds. For the smart traders, the accumulation phase is the time to buy since values have stopped falling and everyone el
This week, we expect to see some equities waxing stronger in their share prices. As soon as investorsÃƒÆ’Ã†â€™Ãƒâ€ Ã¢â‚¬â„¢ÃƒÆ’Ã¢â‚¬Â ÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ÃƒÆ’Ã†â€™ÃƒÂ¢Ã¢â€šÂ¬Ã…Â¡ÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã†â€™Ãƒâ€ Ã¢â‚¬â„¢ÃƒÆ’Ã¢â‚¬Å¡Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã†â€™Ãƒâ€šÃ‚Â
Although the market has been embellished with several pronouncements to reverse its lackluster performance, the bulls are still no where in sight. Most stocks cascaded downwards at the end of our review period.
Momentum in trading activities volumes and values were boosted today and this may not be unconnected to the release of a communiquÃƒÆ’Ã†â€™Ãƒâ€ Ã¢â‚¬â„¢ÃƒÆ’Ã¢â‚¬Â ÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ÃƒÆ’Ã†â€™ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢ÃƒÆ’Ã†â€™Ãƒâ
Afribank came closely behind with 16.47% spike in price. A proposed bonus issue of 1 for 3 and cash dividend of N0.50k might have fueled the upswing recorded by the stock. The closure and payment date for this corporate action are 18th and 30th of Septemb
Mahmoud Lai Alabi, Ag. MD/CEO of Wema Bank Plc has rolled out his core strategies of repositioning the bank; including the issue of capital. Alabi affirmed this at the handing over ceremony of the affairs of the bank from John Aboh, the out-going MD/CEO.
...the question remains how long will the artificial support last? One common feature of every market clash is over-valuation. This means investors driving a stock and the market beyond their underlying values through speculative activities. Investors are
a series of measures have been recommended and two i.e. the adjusted price floor and cost of transactions took effect immediately; and the market reacted swiftly to these measures as key indicators have reversed. So what happened?
As part of the interim measures, effective from Wednesday, the NSE will take the following steps - The NSE will reduce its fees by 50 per cent, New listings on the Nigerian Stock Exchange is hereby suspended until the market stabilises... read on
No sector was spared from the bear hug as most stocks were southwards bound with the exception of 8 stocks that recorded price hikes. Despite the myriads of results and juicy corporate action investors are not willing to be swayed as their morale is low.
The week under review witnessed the dominance of bears in the market with no sign of rebound. The sustained rally in Mobil Oil, Chevron Oil, Julius Berger, and International Breweries among others could not support the market from sliding further.
Capital Hotels Plc (Abuja Sheraton Hotels) has listed by way of introduction and special sale of 637,919,840 Ordinary Shares of 50 Kobo each at N6.50 Kobo per share. The listing followed a sale of shares by the BPE to the general public