September 21, 2022/InvestmentOne Report The local equities market closed in negative zone by 0.05% as the NGX-ASI settled at 49,421.91pts. In today’s trade, market breadth index was negative with 12 losers against 10 gainers. UNITYBNK (+10.00%) led the gainers, while ACADEMY (-9.78%) was the top loser today. ZENITHBANK (+0.76%) was the […]
Investors Bite
September Bond Auction: Marginal Rates Continued Northward
September 21, 2022/United Capital Research Yesterday, the Debt Management Office (DMO) conducted its September FGN bond auction in the primary market, the last auction for Q3-2022, offering N225.0bn across three (3) tenors, the MAR 2025 (three-year bond), APR 2032 (10-year bond) and APR 2037 (15-year bond). Overall, investor demand was […]
NGX-ASI Rises +0.01% Driven by FBNH
September 20, 2022/Cordros Report EQUITIES In today’s trading session, the local bourse notched a 1bp gain to close at 49,445.31 points, driven by buying interest in FBNH (+5.0%). Thus, the Month-to-Date and Year-to-Date returns were unchanged at -0.8% and +15.8%, respectively. The total volume of trades increased by […]
