Investors Bite

Nigerian Equities Market Closes Flat with Minimal Movement Across Blue-Chips

July 22, 2020/InvestmentOne Report The Nigerian equities market closed flat today with NSE-ASI printing at 24,175.53pts. Similarly, market breadth index was flat with 9 gainers against 9 losers. ETERNA (+8.89%) led the gainer’s chart while GLAXOSMITH (-9.52%) was the top loser. UACN was the most actively traded stock with about 137million units of shares worth about N787million. Sector Performances NSE Oil & Gas Index: Closed up […]

Facebook’s Connectivity Investments to grow Africa’s Economy by $57 Billion in the next Five Years

July 22, 2020/Chains Reactions Nigeria Today Facebook released findings from The Impact of Facebook’s Connectivity Initiatives in Sub-Saharan Africa, a study conducted by Analysys Mason that highlights how Facebook investments in infrastructure and connectivity across the region will deliver over $57 Billion in Economic Benefits over the next five years […]

Dangote Cement, ZENITHBANK Drag Nigerian Downs by -0.4%

July 21, 2020/Cordros Report EQUITIES Sentiments remained weak in the domestic bourse, as the All-Share Index declined by 0.4% to 24,174.45 points. This is as investors sold off on DANGCEM (-3.2%) and ZENITHBANK (-0.6%) stocks. Thus, Month-to-Date and Year-to-Date losses increased to -1.3% and -9.9%, respectively. The total volume of […]