Investors Bite

MIDDAY UPDATE: Nigerian Stocks Dips Slightly -0.44% on Losses Across Sectors

November 6, 2020/InvestmentOne Report ASI as at 12.00pm: -0.44%. Market movers:   JAPAULOIL (-8.00%), FLOURMILL (-5.62%), CILEASING (+9.60%) and LIVESTOCK (+9.28%). Sector Performances:   Industrial (-1.96%), Consumer Goods (-0.25%), Oil & Gas (-0.04%) and Banking (+0.76%). Market activity: In today’s early trade, while total volume rose by 45%, total value dipped by 63% […]

Transcorp Acquires Afam Power

·       Deal To Deliver Significantly Increased Access to Electricity in Nigeria ·       Represents Further Example of Transcorp’s Mission of Improving Lives and Transforming Nigeria November 6, 2020/Transcorp Transcorp Consortium is pleased to announce the 100% acquisition of the 966MW installed capacity Afam Power Plc and Afam Three Fast Power Limited […]

Daily Market Update for November 5, 2020-Cordros

November 5, 2020/Cordros Report EQUITIES The Nigerian equities market was marginally lower but closed flat after today’s proceedings, following declines in UBN (-3.6%), INTBREW (-5.8%) and FLOURMILL (-2.8%) stocks. Against the foregoing, the All Share Index was flat at 30,738.92 points. Consequently, Month-to-Date and Year-to-Date gain were unchanged at 0.7% […]