Investors Bite

Oil & Gas, Banking Names Drove NSE-ASI Down -0.38%

June 4, 2020/InvestmentOne Report The Nigerian equities market closed down today as NSE-ASI lost by 0.38% to close at 25,312.05pts.  In today’s trade, market breadth index was slightly negative with 17 losers against 16 gainers. CUTIX (-9.63%) led the loser’s chart while UAC-PROP (+10.00%) was the top gainer. FBNH was the most actively traded stock with about 41million units of shares worth about N226million. Sector Performance ·         NSE Banking Index: Lost 2.12%, as a […]

MIDDAY UPDATE: Nigerian Bourse Inch Down -0.04 Dragged by Oil & Gas Counters

June 4, 2020/InvestmentOne Update ASI as at 12.00pm: -0.04%.  Market movers:  CHAMS (-6.90%), UNIONDAC (-6.67%), LINKASSURE (+9.76%) and SKYAVN (+9.69%).  Sector Performances:  Oil & Gas (-0.39%), Banking (+0.29%), Consumer Goods (+0.07%) and Industrial.   Market activity: In today’s early trade, total volume and value fell by 20% and 24% respectively compared to this time yesterday as investors have traded about 129million units of shares worth about N839million. FBNH (+0.91%) is the most actively traded […]

African equity capital markets activity see downward turn, but increase in domestic investor-PwCs

—African equity capital markets activity see downward turn, but increase in domestic investors June 3, 2020/AfDB Data presented from the PricewaterhouseCoopers (PwC) Nigeria 2019 African Capital Market Watch (https://pwc.to/2XVW73h), which reviewed the performance of Africa’s capital markets between 2010 and the first quarter of 2020, shows that African equity capital markets […]