September 3, 2020/United Capital Report According to the latest financial result by Guinness Nigeria Plc (GUINNESS) for FY-2019/20 that ended in June-2020, Revenue sharply declined by 20.6% y/y to N104.4bn as tighter credit terms as well as restrictions in movement and social gatherings in Q2-2020 (April-June) worsened the company’s ability […]
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NSEASI Rises by 0.18% amid Sustained Bullish Activity
September 2, 2020/Cowry Asset The domestic equities market ASI advanced by 0.18% to 25,460 points amid sustained bargain hunting activity even as the Exchange printed 18gainers as against 11losers at the close of trading session. Hence, the year to date loss of the NSE ASI lowered to 5.1%. Specifically,buy interest […]
MIDDAY UPDATE: Nigerian Stocks Head North , Boosted by Banking, Industrial Names
September 2, 2020/InvestmentOne Update ASI as at 12.00pm: +0.04%. Market movers: LIVESTOCK (+10.00%), ETERNA (+9.47%), WAPIC(-5.71%), and UBN (-5.66%). Sector Performances: Banking (+0.14%), Industrial (+0.10%), Oil & Gas (-0.19%) and Consumer Goods (-0.08%). Market activity: In today’s early trade, total volume and value declined by 90% and 65% respectively, compared to this time yesterday, when investors traded about 100million units of shares worth approximately N367million. TRANSCORP is the most actively […]
