Investors Bite

Nigerian Stocks Log Steepest Decline This Year, ASI Records -6.7% Weekly Loss

Local stocks logged their steepest decline in the year following bouts of profit-taking activities during the week. As a result, the All-Share Index declined by 6.7% w/w, to close at 44,396.73 points — its lowest point since 18 January (44,655.89 points). October 21, 2022/Cordros Report Global Economy Higher inflationary pressures […]

MIDDAY UPDATE: NGX Head Northwards +0.12% Driven by Consumer, Industrial Goods Counters

October 21, 2022/InvestmentOne Update ASI as at 12.00pm: +0.12% Market movers: REGALINS (+8.33%), CHAMS (+7.69%), ROYALEX (-9.78%) and WAPIC (-5.56%). Sector Performances: Industrial (+0.67%), Consumer Goods (+0.13%), Banking (-0.43%) and Oil and Gas. Market activity: In today’s trade, total volume and value decreased by 29% and 86% respectively, compared to this […]

IOSCO, IVSC Collaborate to Explore International Valuation Approaches, Quality of Financial Information for Investors

October 20, 2022/IOSCO IOSCO and IVSC agree to explore best ways to promote high quality valuation practices in the public interest. Cooperation agreement follows feedback from securities regulators highlighting inconsistency in valuation quality and approach, worldwide London, UK, 20 October 2022 – International Organization of Securities Commissions (“IOSCO”), the global […]