August 3, 2020/NSE I. Introduction The Nigerian Stock Exchange (The Exchange) is proposing the following new rules as additions to the Rulebook of The Exchange (Dealing Members’ Rules): (a) Proposed Rules on Outsourcing of Functions and Shared Services; (b) Proposed Rules for Broker to Fintech Collaborations. II. Summary […]
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MIDDAY UPDATE: Nigerian Stocks Inch Up +0.02% on Gains in Consumer, Banking Counters
August 3, 2020/InvestmentOne Update ASI as at 12.00pm: +0.02%. Market movers: NEIMETH (+10.00%), HONYFLOUR (+5.00%), UACN (-10.00%) and UNITYBNK (-9.84%). Sector Performances: Banking (+0.26%), Consumer Goods (+0.06%), Oil & Gas, and Industrial. Market activity: In today’s early trade, total volume and value increased by 154% and 93% respectively, compared to last week Wednesday as investors have traded about 61million units of shares worth about N411million. FBNH (+2.00%) is the most actively traded […]
Nigerian Stocks Close July Positive +0.9%, Up +1.15 WtD Spurred by Cement, Tier-1 Bank Stocks
With negative expectations already priced in, earnings did better than expected, spurring investor interest across Cement and Tier I bank stocks and driving the market to a positive close (+0.9%) for the month of July. July 29, 2020/Cordros Report Global economy The U.S Federal Open Market Committee (FOMC) is expected […]
