Investors Bite

MIDDAY UPDATE: Nigerian Stocks Shed -0.23% on Losses in Major Sectors

November 3, 2020/InvestmentOne Update ASI as at 12.00pm: -0.23%. Market movers:  FLOURMILL (-5.20%), UACN (-4.67%), ABCTRANS (+9.68), LIVESTOCK (+8.99%). Sector Performances:  Banking (-1.06%), Consumer Goods (-0.29%), Industrial and Oil & Gas (+0.62%). Market activity: In today’s early trade, while total volume fell by 4%, total value rose by  8% respectively compared to this time yesterday, as investors have traded about 130million […]

ETI, FCMB, ZENITHBANK Drags Nigerian Stocks to First Loss in Seven Straight Sessions

November 2, 2020/Cordros Report EQUITIES Trading in the domestic equities market started the week and month on a sour note, as sell-offs of some banking stocks – majorly ETI (-8.9%), FCMB (-9.9%) and ZENITHBANK (-0.7%) —, caused the All Share Index to record its first loss in seven consecutive sessions, […]

NSE-ASI Sheds 0.17% as Investors Take Profit

November 2, 2020/InvestmentOne Report The Nigerian equities market closed down today as NSE-ASI lost 0.17% to close at 30,479.39pts.  In today’s trade, market breadth index was negative with 22 gainers against 26 losers. LIVESTOCK (+9.88%) led the gainer’s chart today, while CILEASING (-10.00%) was the top loser. FIDELITYBK (-2.79%) was the most actively traded stock with about 50million units of shares worth […]