June 24, 2020 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Wednesday lost -0.38 percent to close at 24,655.05 basis points; dragged by Oil & Gas and the Consumer Goods counters. InvestmentOne reports that after the session’s trade, market breadth index was negative with 22 losers compared to 17 gainers. According […]
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MIDDAY UPDATE: Nigerian Stocks Gain +0.01% on Banking Counters
June 24, 2020/InvestmentOne Update ASI as at 12.00pm: +0.01%. Market movers: CHAMS (+9.52%), UNITYBNK (+9.26%).REDSTAREX (-9.86%) and NEIMETH (-9.52%). Sector Performances: Banking (+0.08%), Consumer Goods (-0.16%), Industrial and Oil & Gas. Market activity: In today’s early trade, total volume and value increased by 136% and 98% respectively, compared to this time yesterday as investors have traded about 78million units of shares worth about N561million. FBNH (+0.95%) is the most actively […]
Fixed Income Quarterly Q2 2020: Few Places to Hide
Culled—-Proshare June 23, 2020 by FBNQuest Research A brutal global landscape The international landscape has deteriorated severely this year because of Covid-19, and Nigeria’s prospects have been further clouded by the crashing oil price. All forecasts are subject to a wide margin of error, given the unpredictability surrounding the virus. […]
