Investors Bite

SEC to Discontinue Prior Approval for Audited Accounts of Collective Investment Schemes

October 23, 2020/SEC Nigeria Pursuant to the provisions of Section 169(2)&(3) and Section 181(1)(f),(g)&(h) of the Investment and Securities Act 2007, and the importance of disseminating timely information to the market, the Commission shall henceforth discontinue the practice of issuing prior approval or no objection for Audited Accounts of Collective […]

MIDDAY UPDATE: Nigerian Stocks Inch Up +0.10% on Gains in Banking, Industrial Counters

October 23, 2020, InvestmentOne Update ASI as at 12.00pm: +0.10%. Market movers:  CUTIX (+6.74%), FIDELITYBK (+6.15%), UAC-PROP (-2.53%) and UCAP (-1.58%). Sector Performances:  Banking (+0.37%), Industrial (+0.09%), Oil & Gas (-0.11%) and Consumer Goods (-0.07%).                                                                                                                  Market activity: In today’s early trade, total volume and value advanced 7% and 16% respectively, compared to this time yesterday, as investors have traded about 128million units of shares […]

Industrial Sector, MTNN Boost Nigerian Stocks to +0.40% Gain

October 22, 2020/InvestmentOne Report The Nigerian equities market closed up today as NSE-ASI gained by 0.40% to close at 28,563.87pts.  In today’s trade, market breadth index was positive with 21 gainers against 12 losers. UACN (+8.33%) led the gainer’s chart today, while WAPIC (-9.09%) was the top loser. GUARANTY (+1.33%) was the most actively traded stock with about 78million units of shares worth about N2.34billion. […]