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Consumer goods stocks like that of Honeywell Flourmills Plc closed higher at the end of last week's transactions on the Nigerian Exchange Limited (NGX). ....
Stock market gains N50bn on blue-chip firms Johnson Okafor Equity trading on the floor of the Nigerian Stock Exchange on Wednesday closed on a positive note with a gain of N50bn to halt the previous two days’ losses. The NSE All-Share Index appreciated by 0.23 per cent with market breadth closing positive with 55 gainers as against 16 losers. The ASI gained 96.09 basis points or 0.23 per cent to close at 41,147.72 as against 41,051.63 recorded the previous day while the market capitalisation of equities appreciated by N50bn or 0.23 per cent to close at 21.52tn from N21.47tn as market sentiment returned to the green zone. ....
Goddy Egene writes that given the gains being recorded in the equities market, discerning investors could invest in stocks to hedge against the rising inflation rate the hit 15.8 per cent in December 2020 Last week the National Bureau Statistics (NBS) released the consumer price index report, which showed that the headline inflation rose to 15.8 per cent in December 2020. The inflation rate, which was an increase from the 14.9 per cent recorded in November, 2020, was said to be the highest level of headline inflation since December 2017, and the largest increase (98bps) since January 2012. This rising inflation is a great concern for all stakeholders- consumers, manufacturers and investors among others. For instance, for investors to enjoy positive returns on their investments, that returns must be above the headline inflation of 15.8 per cent. And considering the prevailing economic conditions, it is difficult to come across such investments that will deliver returns abov ....