September 17, 2020/NSE UACN Property Development Company Plc (UPDC) hereby discloses that it is undergoing a restructuring of its facility management division (the Business). The Business will be transferred to First Choice Facility Management Company Limited, a wholly owned subsidiary of UPDC via an Asset and Business Transfer Agreement. We […]
Investors Bite
INTRA-DAY UPDATE: Nigerian Stocks Inch down -0.11% on Losses Across Sectors
September 17, 2020/InvestmentOne Update ASI as at 12.00pm: -0.11%. Market movers: CADBURY (-9.86%), DANGSUGAR (-5.88%), WAPIC (+9.09%), and ACADEMY (+7.41%). Sector Performances: Consumer Goods (-0.59%), Oil & Gas (-0.23%), Banking (-0.22%) and Industrial. Market activity: In today’s early trade, while total volume rose by 26%, total value fell by 61%, compared to yesterday, as investors have traded about 83million units of shares worth approximately N517illion. ZENITHBANK (-0.60%) is the most actively traded […]
Nigerian Stocks Inch Down -0.19% on Negative Sentiment in Banking, Industrial Names
September 16, 2020/Cordros Report EQUITIES Profit taking continued today in the domestic equities market, with WAPCO (-3.7%) and Tier I bank stocks weighing down the bourse. Consequently, the ASI ended the session 0.2% lower at 25,550.31 points. The Month-to-Date gain moderated to 0.9% while Year-to-Date loss increased to -4.8%. […]
