Investors Bite

NSE Opens Week Negative, as Index Dips-0.27% on Losses in Banking, Industrial Counters

August 17, 2020/InvestmentOne Report The Nigerian equities market closed down today as NSE-ASI declined by 0.27% to close at 25,132.67pts.  However, the market breadth index was positive today with 17 gainers against 15 losers. LIVESTOCK (-8.33%) led the loser’s chart today, while UNILEVER (+10.00%) was the top gainer. GUARANTY (-0.20%) was the most actively traded stock with about 18million units of shares worth about […]

Nigerian Bourse Records +0.6% Weekly Gain, Third Consecutive Gain Since January, Driven by Foreign Investors

August 14, 2020 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-For the first time since January, the Nigerian bourse closed higher for the third successive week, as the all-share index (ASI) gained +0.6 percent to close higher at 25,199.84 points.primarily driven by foreign investors taking positions in fungible stocks, according to Cordros […]

‘Africa’s outlook is positive,’ African Development Bank tells Indian investors and officials

The African Development Bank and India have a long-standing strategic partnership dating back almost 40 years to 1982 August 14, 2020/AfDB – The groundwork has been laid for Indian investors who are looking to invest in Africa. During a recent virtual conference hosted by the Confederation of Indian Industry (CII) […]