Profit taking in NGX Group, 20 stocks drag capitalisation by N4 billion

Transactions in the equities sector of the Nigeria Exchange Limited (NGX) reopened on a downturn, yesterday, as profit taking in NGX Group Plc and 20 stocks dragged market capitalisation by N4 billion. The post Profit taking in NGX Group, 20 stocks drag capitalisation by N4 billion appeared first on The Guardian Nigeria News – Nigeria … Read more

US bank stocks slump as Silicon Valley Bank collapse stirs market turmoil

Bank stocks on Wall Street plummeted on Monday as part of the sweeping reverberations of the crash of Silicon Valley Bank (SVB), the second-largest bank failure in U.S. history. As a push to curb the impact of the collapse failed to allay worries, the development sparked a market panic causing investors to seek new havens … Read more

Stocks defy election risks as local investors control deals

Stock markets

The Nigerian stock market has extended its rally this year, defying election-related risks as local investors continue to dominate deals. The market finished stronger last year with a return of almost 20 percent, despite a bumper hike in the benchmark interest rate and pre-election tensions. Major political events such as a national election usually have … Read more

Julius Berger, other stocks cause markets positive start to new week

Nigeria’s equities market

Nigeria’s equities market opened the new week in green, thanks to shares of construction giant Julius Berger which rose most on the Bourse from N24.50 to N26.95, adding N2.45 or 10percent. It was followed by International Energy Insurance which increased from N1.20 to N1.30, after adding 10kobo or 8.33percent, and Livestock Feeds which rallied from … Read more

Investors have pushed stocks into the death zone, warns Morgan Stanley’s Mike Wilson

What’s the best metaphor to describe the stock market, that has sent the S&P 500 up 16% from its October lows, and up 6% this year? Morgan Stanley strategist Mike Wilson has turned to the Jon Krakauer best-seller “Into Thin Air,” which chronicles the death of 12 mountaineers trying to scale Mount Everest. The book … Read more

China Telecom Stocks Rise Amid AI Chatbot Buzz

By Bingyan Wang Shares of China telecommunication majors were higher in morning trade following a report that China Telecom Corp. is developing an artificial intelligence-powered chatbot, reflecting investor enthusiasm about the technology, which became popular with OpenAI’s ChatGPT, spreading to China. China Telecom shares rose by the daily limit of 10% in Shanghai, while its … Read more

10 dividend stocks with yields as high as 6.5% from a value manager with a strong track record

It is conventional wisdom that rising interest rates are bad for the stock market, and there is no denying that in 2022 most stock prices fell as interest rates shot up. But John Buckingham, editor of The Prudent Speculator newsletter, points out that periods of rising interest rates are more often correlated with good performance … Read more

14 dividend stocks that rose 100% or more in 5 years as the payouts doubled

In basketball, a double-double is a combination of at least 10 or more of the following in a game: points scored, rebounds, assists, blocked shots or steals. For dividend stocks, you might find a screen of double-doubles below to be fascinating. The screen of the S&P 500 SPX highlights dividend-paying companies that have at least … Read more

‘We’re all bracing for impact.’ Most Americans think a recession is already here.

Every conversation about the economy right now boils down to one word and its consequences. That word describes the economy’s likely “landing,” and the most common adjectives for it are soft, hard or crash. That contrasts with a soft landing — which generally means that a central bank fights inflation up to the point where … Read more

Is the stock market open on Presidents Day?

U.S. investors get a break on Monday, Feb. 20, with markets closed for the Presidents Day holiday. The New York Stock Exchange, owned by Intercontinental Exchange Inc. ICE, -1.39%, and the Nasdaq NDAQ, -1.22% will both be closed. Sifma, the financial industry trade group, has recommended that trading in U.S. fixed-income markets also close on … Read more