Investors Bite

MIDDAY UPDATE: Nigerian Stocks Inch Up +0.01%, Driven by Banking, Oil & Gas Counters

September 11, 2020/InvestmentOne Update ASI as at 12.00pm: +0.01%. Market movers: NPFMCRFBK (+8.66%), ETERNA (+7.63%), JAIZBANK (-4.92%), and CHAMS (-4.55%). Sector Performances:  Oil & Gas (+0.46%), Banking (+0.11%), Consumer Goods (-0.26%) and Industrial. Market activity: In today’s early trade, total volume and value declined by 16% and 65% respectively, compared to this time yesterday, as investors have traded about 52million units of shares worth approximately N211million. AFRINSURE is the most actively traded […]

Bulls Resurfaces on Nigerian Bourse, NSEASI Gains +0.38%

September 10, 2020/InvestmentOne Report The Nigerian equities market closed up today as NSE-ASI gained 0.38% to close at 25,520.97pts.  In today’s trade, the market breadth index was positive with 22 gainers against 12 losers. ETERNA (+9.69%) led the gainer’s chart today, while ABCTRANS (-7.69%) was the top loser. ZENITHBANK (+3.35%) was the most actively traded stock with about 33million units of shares worth […]

Nigerian Stocks Dip -0.28% amid Sustained Bearish Activity

September 9, 2020/Cowry Asset The domestic equities market sustained its bearish momentum as the NSEASI fell further by 0.28% to 25,424.91 points at the close of the trading session today. Hence, the year to date loss of the NSEASI worsened to 5.3%. Given the sell pressure,the Exchange recorded 7 gainers […]