Investors Bite

Nigerian Bourse Rebounds as ASI Gains +0,10%, Driven by Banking, Industrial Counters

August 16, 2022/InvestmentOne Report The Nigerian equities market closed positive by 0.10% as the NGX-ASI settled at 49,709.46pts.  In today’s trade, market breadth index was negative with 10 gainers against 22 losers.  CUTIX (+7.5%) was the top gainer, while UPDCREIT (-9.86%) led the losers today.  FBNH was the most actively traded stock […]

MIDDAY UPDATE: Nigerian Stocks Gain +0.09%, Driven by Banking, Industrial Sector

August 16, 2022/InvestmentOne Update ASI as at 12.00pm: +0.09% Market movers: UBN (+3.45%), ACADEMY (+2.97%), UPDCREIT (-9.86%) and PZ (-9.27%). Sector Performances: Industrial (+0.95%), Banking (+0.20%), Oil and Gas (-0.40%) and Consumer Goods (-0.35%). Market activity: In today’s trade, total volume and value decreased by 14% and 22% respectively, compared […]

August Bond Auction: Marginal Rates Continued Upward

August 16, 2022/United Capital Research Yesterday, the Debt Management Office (DMO) conducted its August FGN bond auction in the primary market, with N225.0bn on offer across three (3) tenors, the MAR 2025 (three-year bond), APR 2032 (10-year bond) and JAN 2042 (20-year bond). Overall, investor demand was weak, with submitted […]