Investors Bite

ZENITHBANK Drags NGX-ASI down -0.04% to Sustain Bearish Run

June 8, 2022/Cordros Report EQUITIES The bearish run in the local bourse continued today as the All-Share Index dipped by 4bps to 53,170.73 points. The performance was driven by a price drop in ZENITHBANK (-2.4%) stock. Accordingly, the Month-to-Date return moderated to +0.3%, while the Year-to-Date return was unchanged at […]

MIDDAY UPDATE: Nigerian Stocks Dip -0.06% Dragged by Banking, Industrial Sectors

June 8, 2022/InvestmentOne Update ASI as at 12.00pm: -0.06% Market movers: JAIZBANK (-9.47%), CORNERST (-8.06%), TRANSCORP (+5.69%) and CUTIX (+4.98%). Sector Performances: Banking (-0.66%), Industrial (-0.01%), Oil and Gas (+0.23%) and Consumer Goods (+0.20%). Market activity: In today’s trade, total volume increased by 32%, while total value decreased by 43% […]

Stanbic IBTC Infrastructure Fund Series II Set To Close 10 June

June 7, 2022/P+ Measurement Services Following the success of the first tranche of Stanbic IBTC N100 billion Infrastructure Fund, the Series II, which was released in early May, continues to generate interest among investors. With the N15 billion Series II offer scheduled to close on Friday, 10 June 2022, Stanbic […]