The Market Pulse

@wemabank please return to my money https://t.co/GFuK816cxc

Alert!! Digital and cyber fraud now accounts for nearly one-third of reported banking fraud cases.

Always pause before responding to unexpected requests for money or personal data, and verify the source. Stanbic Bank will never ask for your PIN, password or OTP. #StaySwitchedOn https://t.co/bYkF5KcgYp

@AlfaAdam001 I agree that peer banks are much cheaper esp UBA. In the short term I believe UBA will outperform both but he asked for the bank to hold long term and for me I’d only hold GT & Zenith.

GTCO Dominates NGX Trading Value With N3.13 Billion Turnover

GTCO led the Nigerian Exchange by trading value during the session, with 24.42 million shares exchanged for approximately N3.13 billion. It was not the most actively traded equity by volume.

eTranzact announces Board changes following ownership transition

eTranzact International Plc announced changes to its Board of Directors following completion of a shareholding transition. The report concerns corporate governance at the NGX-listed ICT company.

My bias: NGX: Neutral short term, bullish longer • Aradel: Wary. Earnings have to carry it now.

Bounce once the IPO cash settles, or slide into Q3 results?

My personal view, not a recommendation to buy or sell. Research and personal views only, not financial advice.

Dangote's ₦2.15trn refinery IPO closed yesterday. The NGX has gone the other way.

NGX Equities, at the 13 Oct close:
• ASI 247,513.63 (−0.09%)
• Market cap ₦160.71trn
• Last week −0.97%, about ₦1.58trn wiped off
↓
#NGX #Nigeria

The hustle is now. The plan is for always.

Save for retirement in foreign currency with the Stanbic IBTC Foreign Currency Pension Plan.

Visit https://t.co/TWiO5059NC to get started

#StanbicIBTCPensions #pension https://t.co/YhcZrFq8Fa

Fun fact: Ronchess Global Resources, an NGX-listed company has never traded a single share in over 2 years!

What does this tell us about liquidity in the Nigerian stock market?

1: GT bank
2: palmpay
3: opay
4: Kuda bank
5: moniepoint
6: moremonee
7: Optimus bank
8: sterling bank
9: zenith bank
10: Fcmb https://t.co/tC3fKKOl8d

LCCI seeks 20% petrol price reduction in six-month plan

The Lagos Chamber of Commerce and Industry has called for a 20% reduction in petrol prices as part of a six-month plan, saying price stability alone is insufficient. The chamber also commended the Federal Government, according to the report.

Livestock Feeds Rally Hits 74% as Stock Climbs Another 6.9%

Livestock Feeds Plc gained 6.92% on the Nigerian Exchange to close at N15.45 per share, up N1 from its previous close of N14.45. The move extended the stock’s rally to almost 74%, accompanied by heavy trading activity.

Seplat Co-founder is also an orthopedic surgeon. It seems Orthopedic surgeons love doing business outside their profession. https://t.co/tXk0rtBfp7

9/ The NGX meanwhile: ASI -0.09% to 247,513.63. Banks -0.79%.

GTCO fell 1.77% the day after its dividend qualification date. The dividend is under 1% of the price.

Seplat, Banks Drive Allan Gray’s Nigeria Bet Over Korea’s AI-Fuelled Kospi
@SeplatEnergy

NGX Extends Decline as All-Share Index Slips 0.09% to 247,513.63

The NGX All-Share Index fell 0.09% to 247,513.63 points, down 222.61 points from the previous session’s close of 247,736.24. Equity market capitalisation also declined to N160.708 trillion.

What's the NGX All-Share Index? A single number that tracks all listed stocks, weighted by company size.

The bigger the company, the more it moves the index.

On September 28 it closed at 252,566.84. When MTN or Dangote Cement moves 2%, the index feels it. When a ₦2 stock

@ossynoya @chy_derah12 But Austin Avuru is the founder of Seplat. When did he become a Tinubu boy?

@ngx_wolf Please I’m trying to make the same decision too between Access, FCMB, GTCO and Zenith but I can only pick 1

lol Austin Avuru is the number 1 in oil and gas as far as Nigeria is concerned, started his career as an engineer at NNPC, built Platform Petroleum, Co founded Seplat which by the way was initially formed as an SPV to acquire assets from this same Shell, so it’s not his first…… https://t.co/09qBmH0fFZ