People keep asking why I'm still bullish on insurance stocks despite the sector's continuous decline.
At this point, I think I'm just irrationally in love with the industry 😭
If I were to advise someone who is considering buying stocks in the market right now, my recommended allocation would be:
MTN Nigeria: 30%
Seplat Energy: 25%
Custodian Investment: 20%
Wema Bank: 15%
The Initiates: 10%
The thinking is simple.
We want the bulk of the money in companies that are already proven. Coys with scale. Coys with cash flow. Coys that can survive difficult cycles and still keep producing earnings.
Then we want a smaller part of the portfolio in names that can grow faster, but where we must also respect the risks.
The Nigerian Stock Exchange has updated its trading hours.
Market now opens at 9:00 AM and closes at 4:00 PM.
More hours mean more market moves.
Visit https://t.co/MyA80xtDfs to start trading with GTI.
#Financialpossibilities#gtiinvest#NGX#NigerianStockMarket
@ScFidelis So my question is; How many finance house can boast of enough liquidity to facilitate a T+1 settlement?
Does the market even have the right technology and infrastructure to advance to a T+1 system?
Analysts estimate the refinery could debut at a $40–$50 billion valuation, potentially making it the largest equity listing in African capital market history.
The proposed structure may even allow investors buy shares in naira while receiving dividends in $ a first for the #NGX
Dangote’s $20bn refinery is moving toward a historic IPO on the Nigerian Exchange, with Stanbic IBTC Capital, Vetiva Capital Management, and FirstCap appointed to lead the offering.