Investors Bite

MIDDAY UPDATE: Nigerian Stocks Gains Significantly +9.55%, Driven by Bellwether Counters

May 22, 2020/InvestmentOne Update ASI as at 12.00pm: +0.90%.  Market movers:  BUACEMENT (+9.55%), NEIMETH (+8.86%), SUNUASSUR (-9.09%) and CILEASING (-3.64%). Sector Performances: Industrial (+6.02%), Oil & Gas (+0.45%), Banking (+0.41%), and Consumer Goods (+0.38%).   Market activity: In today’s early trade, total volume and value fell by about 23% and 47% respectively compared to this time yesterday as investors have traded 93million units of shares worth about N848million. UBA (+0.75%) is the most actively traded stock thus far […]

May 21, 2020/Sterling Bank Plc Shareholders of Sterling Bank Plc, Nigeria’s leading commercial bank have commended its financial performance and dividend payout for the financial year ended December 31, 2019. They gave the commendation at the 58th Annual General Meeting (AGM) of the bank held virtually by proxy and streamed […]

Nigerian Bourse Sustain Bullish Momentum, Gains +1.25%

May 21, 2020/InvestmentOne Update The Nigerian equities market closed up today as NSE-ASI gained 1.25% to close at 24,758.39pts.  In today’s trade, market breadth index was broadly positive with 29 gainers against 9 losers. SUNUASSUR (+10.00%) was the top gainer while ARBICO (-9.91%) led the loser’s chart. ZENITHBANK (+3.03%) was the most actively traded stock with about 57million units of shares worth about N961million. Sector Performance ·         NSE Industrial Index: Increased by 5.72% on the […]