News Formal

PFAs Exposure to Stock Market Hits N856.16bn on Scramble for Fundamental Stocks – THISDAYLIVE

  • 📰 THISDAY LIVE
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

PFAs Exposure to Stock Market Hits N856.16bn on Scramble for Fundamental Stocks Kayode Tokede Following the drive to position in some fundamentals stocks with low prices, Pension Fund Administration (PFAs) exposure to the Nigeria

Following the drive to position in some fundamentals stocks with low prices, Pension Fund Administration exposure to the Nigerian equities market increased to N856.16billion in November from N828.17 billion reported by National Pension Commission in October 2022.The PFAs portfolio in the stock market contributed 5.8 per cent to the N14.

For instance, Dangote Cement Plc saw its price gaining 18.96 per cent to close November trading at N262.30 per share from N220.5 per share it opened for trading, while MTN Nigeria Communications gained 10.97 per cent to close at N218.5 per share from N196.90 per share. He said, “The PFAs do not take trade in the stocks with speculative report as they trade long-term. Attractive revaluation led to PFAs renewed exposure in the stock market in November 2022.”

The vice president, Highcap Securities, Mr. David Adonri acknowledged the PFAs’ role in lifting the stock market, stressing that some high-network investors’ opted to invest in the stock market.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 14. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock market investors gain N44.77bnMarket activities at the close of the week ended moderately bullish as market capitalisation hit N28.647tn as of January 19, against N28.602tn recorded as of January 13, 2023.
Fonte: MobilePunch - 🏆 8. / 63 Consulte Mais informação »

ASHON Boss Highlights Key Drivers of Nigerian Capital Market in 2023 – THISDAYLIVE
Fonte: THISDAY LIVE - 🏆 14. / 51 Consulte Mais informação »

Equities Market To Continue Positive Momentum In 2023 – AnalystsParthian Securities Limited and i-Invest, have predicted a positive outlook for the Nigerian equities market in 2023.
Fonte: LeadershipNGA - 🏆 4. / 77 Consulte Mais informação »

US sues Google over dominance of online ad marketThe United States Justice Department sued Google on Tuesday for its dominance of the online advertising market, launching a fresh legal battle against the California-based tech giant over its world leading search engine. Suing your own citizen 😲 😅 America fears who they cannot control What is this?😂
Fonte: MobilePunch - 🏆 8. / 63 Consulte Mais informação »