Investors Bite

MIDDAY UPDATE: Nigerian Stocks Gain +0.02% Buoyed by Consumer Goods Counters

July 13, 2022/InvestmentOne Report ASI as at 12.00pm: +0.02% Market movers: CWG (+10.00%), CAVERTON (+9.84%), MULTIVERSE (-10.00%) and REDSTAREX (-9.82%). Sector Performances: Consumer Goods (+0.39%), Banking (-0.18%), Oil and Gas and Industrial. Market activity: In today’s trade, total volume and value increased by 71% and 4% respectively, compared to this […]

Negative Sentiments Dominate as Nigerian Equities Record -0.5% Weekly Loss

Negative sentiments dominated trading activities in the Nigerian equities market as the All-Share Index dipped by 0.5% w/w to close at 51,557.41 points. July 8, 2022/Cordros Report Global Economy According to the S&P Global/CIPS flash PMI survey data, the United Kingdom’s (UK) Manufacturing PMI fell to a two-year low, settling […]

COMMENT: Oil, the NASDAQ and Boris Johnson—What’s Making Waves with Retail Investors this Week

July 7, 2022/Capital.com “The week’s big news is the resignation of the British Prime Minister. The pound did rally on the news – but nothing too earth shattering.  The driver behind pound (and of course, euro) weakness this year has been dollar strength rather than any local political problems.  A […]