Investors Bite

Nigerian Stocks Sustain Bullish Sentiment, Gains +1.25%

  May 21, 2020/InvestmentOne Report 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 […]

DMO Comfortably Raises N390.70Bn At The FGN Bond Auction As Local Demand Swells

Culled—Proshare May 21, 2020 by Zedcrest Capital FGN Bonds The Bond Market had a sluggish open as attention shifted to the monthly FGN bond auction. Activity picked up as we saw decent demand on some of the bonds with decent offers, particularly the 2024s, 2028s and 2049s maturities as few […]