July 2, 2020/InvestmentOne Update ASI as at 12.00pm: -0.24%. Market movers: CAPHOTEL (-10.00%), CORNERST (-9.09%), JAIZBANK (+9.09%) and NAHCO (+5.53%). Sector Performances: Banking (-1.48%), Industrial (-0.02%), Consumer Goods and Oil & Gas. Market activity: In today’s early trade, while total volume declined by 27%, total value rose by 115%, compared to this time yesterday as investors have traded about 55million units of shares worth about N724million. UBA (-3.23%) is the most actively traded stock […]
Investors Bite
Gains in Oil & Gas and Industrial Names Drive ASI Up +0.47%
July 1, 2020/InvestmentOne Report The Nigerian equities market closed up today as NSE-ASI gained 0.47% to close at 24,549.99pts. In today’s trade, market breadth index was negative with 22 losers against 12 gainers. CADBURY (+9.63%) led the gainer’s chart while NEIMETH (-9.70%) was the top loser. WAPIC (-5.71%) was the most actively traded stock with about 30million units of shares worth about N11million. Sector Performance · NSE Industrial Index: Was up […]
FCMB Pensions Limited agrees to the 96% acquisition of AIICO Pensions Limited
Culled—Proshare June 30, 2020 FCMB Group recently notified the Nigerian Stock Exchange of its agreement to acquire 96% of AIICO Pensions Limited through its pensions arm – FCMB Pensions Limited. This appears to be part of a deliberate strategy to grow the Group’s investment management portfolio and build on the […]
