August 3, 2022/InvestmentOne Update ASI as at 12.00pm: +0.03% Market movers: LASACO (+10.00%), HONYFLOUR (+9.69%), UPL (-9.79%) and WAPIC (-8.11%). Sector Performances: Oil and Gas (+0.16%), Banking (+0.10%), Consumer Goods (+0.05%) and Industrial. Market activity: In today’s trade, total volume decreased by 16%, while total value increased by 52%, compared […]
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Honeywell Says Flour Mills to Launch Mandatory Takeover Offer to Honeywell Shareholders
August 2, 2022/NGX Honeywell Flour Mills Plc has announced that Flour Mills of Nigeria Plc has notified the Company of a Mandatory Takeover Offer (“MTO”) that will be made to shareholders of Honeywell by Ecowise Horizon Investment Limited and Greywise Investment Solution Limited. The Mandatory Takeover Offer for 79,301,976 Ordinary Shares of 50 […]
Bulls Return to Nigerian Bourse, Index Advance +1.4% Buoyed by MTNN
August 2, 2022/Cordros Report EQUITIES Bullish sentiments returned to the Nigerian equities market as the All-Share Index advanced by 1.4% to close at 50,626.04 points. Precisely bargain hunting in MTNN (+7.5%) stocks supported today’s market performance. Accordingly, the Month-to-Date and Year-to-Date returns rose to +0.5% and +18.5%, respectively. […]
