Investors Bite

FCMB Group Plc – Proposed Acquisition of AIICO Pension Could be Positive

Culled—Proshare June 26, 2020 by CardinalStone Research Proposed acquisition of AIICO Pension could be positive FCMB Group Plc (FCMB) – TP N2.00 (HOLD) has announced ongoing conversations for a potential acquisition of AIICO Pension Managers Limited (AIICO Pensions) by its subsidiary, FCMB Pension Managers Limited (FCMB Pensions). According to the […]

Weak Sentiments Persist on Nigerian Bourse, as NSEASI Inch Down -0.13%

June 25, 2020/InvestmentOne Report The Nigerian equities market closed down today as NSE-ASI lost 0.13% to close at 24,621.99pts.  In today’s trade, market breadth index was slightly positive with 9 gainers against 8 losers. LINKASSURE (-9.43%) led the loser’s chart while NEIMETH (+9.65%) was the top gainer. ZENITHBANK (-1.52%) was the most actively traded stock with about 19million units of shares worth about N308million. Sector Performance ·         NSE Banking Index: Fell […]

MIDDAY UPDATE: ZENITH Drags NSE Indices Down -0.01%

June 25, 2020/InvestmentOne Update ASI as at 12.00pm: -0.01%.  Market movers:  LINKASSURE (-5.66%) and JAPAULOIL (-3.85%), NEIMETH (+9.65%), CHAMS (+8.70%). Sector Performances: Banking (-0.04%), Consumer Goods, Industrial and Oil & Gas. Market activity: In today’s early trade, total volume and value declined by 41% and 10% respectively, compared to this time yesterday as investors have traded about 46million units of shares worth about N505million. ZENITHBANK (-0.61%) is the most actively traded stock thus far […]