March 29, 2022/Neimeth International Pharmaceuticals Plc Shareholders of Neimeth International Pharmaceuticals Plc have approved the plan of the Board to raise the sum of N5 billion through a hybrid offer of Rights to existing shareholders and private placement. The money will be used to finance major long-term expansion projects. The company will raise N3.67 […]
Investors Bite
Negative Performance Persists, Market Down -0.12% on Losses in Bellwether Stocks
March 29, 2022/InvestmentOne Report The Nigerian equities market closed southwards by 0.12% as NGX-ASI closed at 46,843.09pts. In today’s trade, market breadth index was negative with 16 gainers against 18 losers. PZ (+9.80%) was the top gainer, while INTBREW (-10.00%) led the losers today. CHAMS (-4.76%) was the most actively traded […]
ZENITHBANK Drags Nigerian Stocks -0.2% to Open Week Bearish
March 28, 2022/Cordros Report EQUITIES Activities in the domestic equities market resumed the week negatively, as investors sold off ZENITHBANK (-2.3%) stock. Thus the All-Share Index settled lower by 0.2% at 46,893.86 points. Accordingly, the Month-to-Date loss increased to -1.1%, while the Year-to-Date return moderated to +9.8%. The total volume traded increased by […]
