Investors Bite

Nigerian Stocks Open Week Bearish, NSEASI Dips -0.29% on Negative Sentiments

June 22, 2020/InvestmentOne Report The Nigerian equities market closed down today as NSE-ASI lost 0.29% to close at 24,753.92pts.  In today’s trade, market breadth index was negative with 26 losers against 11 gainers. NEIMETH (-9.74%) led the loser’s chart while JAPAULOIL (+8.70%) was the top gainer. JAPAULOIL (+8.70%) was the most actively traded stock with about 14million units of shares worth about N3million.   Sector Performance  NSE […]

SEC Clarifies New Rules On Collective Investment Schemes

June 22, 2020/SEC Nigeria Sequel to the publication of new Rules relating to Collective Investment Schemes in December 2019, the Commission hereby issues the following clarifications to facilitate effective compliance with the new CIS Rules. All Fund Managers of Collective Investment Schemes are required to comply with the provisions of […]

MIDDAY UPDATE: Nigerian Stocks Inch Up +0.01% on Gains in Bellwether Counters

June 22, 2020/InvestmentOne Update ASI as at 12.00pm: +0.01%  Market movers:  WAPIC (+9.09%), JAPAULOIL (+8.70%), NEIMETH (-9.74%) and NAHCO (-9.62%). Sector Performances: Consumer Goods (+0.14%), Banking (+0.11%), Oil & Gas (-0.22%) and  Industrial (-0.01%). Market activity: In today’s early trade, total volume and value declined by 24% and 12% respectively, compared to this time last week Friday as investors have traded about 48million units of shares worth about N445million. JAPAULOIL (+8.70%) is the most actively traded stock thus far […]