Bargain hunting in banking stocks was the overarching theme during the week as investors flocked into Tier-1 names ahead of Q3-21 corporate earnings releases. Based on the preceding, the All-Share Index advanced by 1.6% w/w to close at 40,868.36 points. October 8, 2021/Cordros Report Global economy According to flash estimates […]
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MTN Nigeria Secures Approval to Launch N90Bn Series II Bond Under its Debut N200Bn Bond Issuance
October 8, 2021/NGX MTN Nigerian Communications Plc (MTN Nigeria) has obtained the approval of the Securities and Exchange Commission to launch the Series II 10-Year Fixed Rate Bond (Series II Bond) announced on 21 September 2021. The Series II Bond represents the completion of the N200 billion registered shelf programme. […]
NGX-ASI Closes Week Positive +1.61% on Gains in Banking Counters
October 8, 2021/InvestmentOne Report The Nigerian equities market closed positive today by 0.10% as NGX-ASI closed at 40,868.36 pts. Similarly, NGX-ASI gained 1.61% WTD. In today’s trade, market breadth index was positive with 23 gainers against 17 losers. UPL (+9.72%) led the gainers, while ACADEMY (-7.69%) was the top loser today. FBNH (-2.00%) was the most actively traded stock with about 155million […]
