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GTCO HOLDINGS - ANALYSIS
A total of 438.28 million transactions were recorded through mobile, higher than the 284.5 million transactions recorded in 2021
Custodian stock hit a year high just as it announced a Convertible Loan Instrument set to be approved at its AGM.
The market breadth closed positive as GUINNESS led 20 Gainers, as against 13 Losers topped by SOVRENINS.
Despite being amongst the most capitalised banks in Nigeria, both still have a long way to go in catching up with the largest banks on the African continent.
The bank would have expected to generate better returns on investment on the N56.9 billion invested in subsidiaries.
Today’s market performance was mostly driven by a significant dip in bellwether STANBIC by -10.00%.
The All Share Index dropped by negative 0.10% to close at 42,000.01 index points as against 0.74% plunge recorded on Wednesday.
Financial market experts talk on what Nigerian stocks Warren Buffet may likely consider, based on his unique principles.
Even though the telecoms sector was projected to post stellar profits due to increased use of data during the COVID-19, MTN seems to have faltered.
As top financial experts and analysts discuss their best investments this year, guess which assets made the list?
The All-Share Index and Market Capitalization appreciated by 2.19% to close the week at 34,885.51 and N18.228 trillion respectively.
The All-Share Index and Market Capitalization depreciated by 2.57% to close the week at 34,136.82 and N17.838 trillion respectively.