Investors Bite

Nigerian Stocks Shed -0.25%, Dragged by Banking, Consumer Names

December 3, 2020/InvestmentOne Report The Nigerian equities market closed down today as NSE-ASI lost 0.25% to close at 34,968.94pts. Similarly, market breadth index was negative with 13 gainers against 25 losers . MBENEFIT (+9.52%) led the gainer’s chart today, while UNITYBNK (-9.86%) was the top loser. UBA (-5.20%) was the most actively traded stock with about 34million units of shares […]

NSE Says December 7, 2020 Effective Date for the Application of 0.08% Stamp Duty on Securities Transactions

December 3, 2020/NSE Tenebe Anthonia The Nigerian Stock Exchange (NSE or The Exchange) has announced the revision of Stamp Duty on securities transactions to 0.08% from 0.075%, effective 7 December 2020. The change is necessitated by the classification of Contract Notes as an ad valorem tax by the Federal Inland […]

MIDDAY UPDATE: Nigerian Stocks Inch Up +0.36%, Driven by Buy Interest in MTNN

December 3, 2020/InvestmentOne Update ASI as at 12.00pm: +0.36%. Market movers:   MBENEFIT (+9.52%), UPL (+5.67%), ETI (-4.76%) and UBA (-4.62%). Sector Performances:   Banking (-1.01%), Consumer Goods (-0.02%), Oil & Gas and Industrial. Market activity: In today’s early trade, total volume and value rose by about 79% and 918% compared to […]