Investors Bite

Consumer Counters Drags NSE-ASI Up by +0.15%

August 26, 2020/InvestmentOne Report The Nigerian equities market closed up today as NSE-ASI gained 0.15% to close at 25,320.10pts.  Similarly, the market breadth index was positive with 24 gainers against 8 losers. FTNCOCOA (+10.00%) led the gainer’s chart today, while CORNERST (-9.68%) was the top loser. FIDELITYBK (-0.56%) was the most actively traded stock with about 27million units of shares worth about N47million. […]

SEC Modernizes the Accredited Investor Definition

August 26, 2020/US SEC The Securities and Exchange Commission today adopted amendments to the “accredited investor” definition, one of the principal tests for determining who is eligible to participate in our private capital markets.  Historically, individual investors who do not meet specific income or net worth tests, regardless of their […]

Nigerian Bourse, Domestic Outperform Foreign Investors by 32% in July 2020

August 25, 2020/NSE On a monthly basis, The Nigerian Stock Exchange polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI)4 flows. As at 31 July 2020, total transactions at the nation’s bourse decreased by 19.92% from N128.88billion (about $333.25million) in June 2020 to N103.21billion (about […]