Insights – Page 2 – PFI Group

Equities Market Extend Decline As Banking Stock Tumbles, NGX Shed 1.24%

Date12 Sep 2023

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Equities Market Extend Decline As Banking Stock Tumbles, NGX Shed 1.24% Nigerian Equities Market opened the week in the red as Banking Stocks slide backward. The NGX All-Share Index depreciated...

Local Market Economic Updates

Date11 Sep 2023

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Fitch Affirms Union Bank of Nigeria PLC at ‘B-‘; Outlook Stable Fitch Ratings has affirmed Union Bank of Nigeria PLC’s (UBN) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a...

Nigerian Equities Market Point Southwards as Profit-taking Persist, NGX All-Share Index Lost 0.31%

Date08 Sep 2023

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The Nigerian Equities Market closed in the red on Thursday as investors continue to harvest accumulated interest in some large-cap stocks. The NGX All-Share Index went down by 31bps to...

Fitch places Gabon on ‘rating watch negative’ After Military coup

Date06 Sep 2023

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Fitch Ratings has placed Gabon’s ‘B-‘ Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings (IDR) on Rating Watch Negative (RWN). The ‘B’ Short-Term Foreign- and Local-Currency IDRs and the ‘B-‘ issue...

Local Bourse Sustains Bullish Run as Bargain-Hunting in DANGSUGAR, BUAFOODS Stocks Persist, NGX All-Share Index Gained 8bps

Date05 Sep 2023

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Bullish trek in the Nigerian Equities Market continued on Wednesday as Consumer Goods Stocks drag market to a positive close. The NGX All-Share Index appreciated marginally by 0.08% to close...

Shares Buyback: PZ Cussons to acquire all shares held by shareholders at N21 per share

Date05 Sep 2023

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PZ Cussons Nigeria Plc (PZCN) has announced its that PZ Cussons (Holdings) Limited plans to purchase all outstanding shares from its shareholders at a rate of N21 per share. Data...

Local Market Economic Updates

Date04 Sep 2023

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Proposed Interim Dividend Flour Mills of Nigeria Plc declared N2.25 interim dividend. Qualification date October 13, and payment date November 10, 2023. Stanbic IBTC Holdings Plc proposed N1.50 interim dividend,...

Profit-taking in ZENITH, GTCO, Others, Turn Local Bourse Backwards, NGX All-Share Index Down 0.08%

Date30 Aug 2023

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The Nigerian Equities Market took a U-turn on Wednesday as invested harvested from Market Leaders, despite improvement in market activities. The NGX All-Share Index depreciated 8bps to close at 66,439.53...