• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Dividends

Lafarge, MTNN gain N78.78 billion market value in one day

Invest in stocks that give double-digit dividend yields

Chris Ugwu by Chris Ugwu
November 22, 2022
in Dividends, Stock Market
Lafarge loses ruling in Syria crime against humanity case
Share on FacebookShare on TwitterShare on Linkedin

Analysts advise investors to seek dividend-paying stocks with strong fundamentals.

As positive sentiment continued for the second trading day in the equity market despite volatility in the economy, Lafarge Africa Plc and MTN Nigeria Plc recorded a gain of N78.783 billion or 1.81% during today’s trading.

This was despite the fact that the CBN’s Monetary Committee Tuesday hiked the lending rate (MPR) by 100 basis points to 16.5%.

RelatedStories

Trump’s First 100 Days, IMF Downgrades, and Nigeria’s Earnings Surge | Drinks and Mics

Trump’s First 100 Days, IMF Downgrades, and Nigeria’s Earnings Surge | Drinks and Mics

May 3, 2025
Lagos govt, Lafarge partner to convert non-recyclable waste into alternative fuel 

Lagos govt, Lafarge partner to convert non-recyclable waste into alternative fuel 

February 17, 2025

Breakdown of the gains: Checks by Nairametrics showed that the shares of Lafarge Africa Plc increased from N20.00 per share the previous day to N22.00 per share at the close of the day’s trading, representing a growth of 5.26% or N17.719 billion in market value.

Also, MTN Nigeria shares rose to N200 per share or N4.071 trillion in market capitalization after the day’s trading from N197 per share or N4.009 trillion the previous day, hence has added N61.063 billion or 1.52% to the market capitalization.

Strong fundamentals stocks: According to market analysts, there is certainly an impact on the equities as a result of higher interest rates but there’s still money to be made if investors are in the right sectors.  That means looking at some of the sectors that have been the best-performing despite the fact that the economy is struggling.

According to Nairametrics’ chat with some investment analysts, dividend-paying stocks with strong fundamentals are expected to do well given their half-year performance, which has been decent.

They noted that the fact that the share prices of the companies quoted in this sector are dropping makes it more attractive, hence this is the time for investors to accumulate the stocks to reap capital gains and bigger dividends as the economy adjusts.

Kasimu Garba Kurfi, chief executive officer and managing director, APT Securities and Funds Limited, while advising investors said:

  • “When interest rates are high such as this time, invest in stocks that give double-digit dividend yields such as GTCO, Zenith, UCAP, and also the stocks that have double-digit earning yields such as WAPCO, Fidelity Bank, Transcorp, Dangote Cement, Dangote Sugar, Vitafoam, Fidson, BUA Foods, Nigeria Flour Mills, Presco and also stocks whose prices are below 52 weeks low, such as UBA, Access Holdings, GTCO, Transcorp, AIICO and AXA-Mansard”.

Follow us for Breaking News and Market Intelligence.
Tags: AIICO Insurance - FinancialsAIICO Insurance - NewsFidson Healthcare Plc - FinancialsFidson Healthcare Plc - NewsKasimu Garba KurfiLafargeMTNN
Chris Ugwu

Chris Ugwu

Chris is a Senior Financial Analyst at Nairametrics Advocates Limited with over a decade stint in active journalism and public relations practice.

Related Posts

Trump’s First 100 Days, IMF Downgrades, and Nigeria’s Earnings Surge | Drinks and Mics
Digital Media

Trump’s First 100 Days, IMF Downgrades, and Nigeria’s Earnings Surge | Drinks and Mics

May 3, 2025
Lagos govt, Lafarge partner to convert non-recyclable waste into alternative fuel 
Energy

Lagos govt, Lafarge partner to convert non-recyclable waste into alternative fuel 

February 17, 2025
Lagos govt to partner with Lafarge on pure water sachet recycling 
Business News

Lagos govt to partner with Lafarge on pure water sachet recycling 

February 7, 2025
Nigerian Stock Exchange
Equities

Weekly Market Wrap: All-Share hits N64 trillion, gains 1.80% as MTNN soars, insurance stocks tumble 

January 12, 2025
Nigerian Stock Exchange
Equities

Market Wrap: Nigerian stock market hits N64 trillion cap as MTNN and HONYFLOUR lead

January 9, 2025
Julius Berger Leadership Shake Up and Fallout With FG
Digital Media

Will WAPCO Delist Following Chinese Buy Into Nigeria’s Cement Industry Through Lafarge?

December 16, 2024
Next Post
BATISHE Medical Outreach Anambra

BATISHE Medical Outreach Anambra

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • 10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 
  • Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 
  • HealthCap Africa launches HealthTech Unicorns Report 2.0 in Lagos, charts bold future for Africa’s health innovation

Follow us on social media:

Recent News

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

July 12, 2025
Geregu Power PLC wins “Most Compliant Listed Company” at 2024 Made of Africa Awards  

Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics