Investors Bite

Nigerian Stocks Snap Three-Day Sell-Off on Bargain Buying in MTNN, Index Up +1.1%

May 19, 2022/Cordros Report EQUITIES The equities market ended the day higher, as stocks snapped a three-day selloff on bargain buying in MTNN (+5.7%) stocks. Precisely, the All-Share Index inched higher by 1.1% to 53,275.49 points. Accordingly, the Month-to-Date and Year-to-Date returns increased to +7.3% and +24.7%, respectively. The total […]

Seplat Energy Names Basil Omiyi, Charles Okeahalam Board Members

May 19, 2022/Seplat Energy Plc Seplat Energy PLC, a leading Nigerian energy company dual listed on both the Nigerian and the London Stock Exchanges, is pleased to announce that Mr. Basil Omiyi, CON, has been appointed as the Company’s new Independent Non-Executive Chairman, effective immediately. His appointment follows a thorough […]

Nigerian Equities Market Rebounds +1.99% Buoyed by MTNN, Industrial Counters

May 19, 2022/InvestmentOne Report The Nigerian equities market closed positive today by 1.05% as NGX-ASI closed at 53,275.49pts.   In today’s trade, market breadth index was negative with 29 losers against 21 gainers.  TRANSCOHOT (+9.89%) was the top gainer, while CONOIL (-9.93%) led the losers today.  TRANSCORP (-6.77%) was the most actively […]