October 6, 2020/InvestmentOne Report ASI as at 12.00pm: +3.60%. Market movers: CORNERST (+10.00%), NNFM (+9.88%), NPFMCRFBK (-8.76%) and BERGER (-6.92%). Sector Performances: Industrial (+5.40%), Banking (+3.88%), Consumer Goods (+1.53%) and Oil & Gas (+0.75%). Market activity: In today’s early trade, total volume and value rose by 23% and 43% respectively, compared to yesterday, as investors have traded about 326million units of shares worth approximately N4.68billion. ZENITHBANK (+2.49%) is the […]
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Investment Recommendation – Gains on Investment Securities Boosts FBNH Profitability
October 5, 2020/Cowry Asset FBN Holdings Plc’s positive earnings performance in H1 2020 was amid gain on sale of investment securities and increased net fee and commission income. Given the low yield environment, it appears First Bank Plc now leans on investment securities trading, as against holding securities to maturity, […]
German Investors Announce Mozambique Investment Mission Targeting LNG, Gas Projects and Services during Mozambique Gas & Power
The investor mission provides German investors an opportunity to engage with key Mozambican businesses and political stakeholders October 5, 2020/AOP Germany Africa Business Forum leads delegation to explore investment opportunities in Mozambique in March 2021; GABF congratulates H.E. Filipe Nyusi, President of Mozambique for his selection as Africa Oil & […]
