Investors Bite

NSEASI Inches Up +0.06% on Gains in Banking, Oil & Industrial Names

July 15, 2020/InvestmentOne Report The Nigerian equities market inched up today as NSE-ASI gained 0.06% to close at 24,130.26ts.  However, market breadth index was negative with 15 losers against 11 gainers. JBERGER (-9.88%) led the loser’s chart while SUNUASSUR (+10.00%) was the top gainer. STERLNBANK (+2.48%) was the most actively traded stock with about 77million units of shares worth about N96million. Sector Performances ·         NSE Banking Index: Rose by 0.37%, due to […]

MTNN, Mobil, Tier One Banks Weighs Down NSEASI by -0.4%

July 13, 2020/Cordros Report EQUITIES Trading in the domestic bourse resumed on a negative note, as selloffs across MTNN (-1.0%), MOBIL (-10.0%) and some Tier 1 bank names weighed on overall market performance. Thus, the All-Share Index declined by 0.4% to 24,200.60 points. Accordingly, Month-to-Date and Year-to-Date losses increased to […]

DANGSUGAR Acquires Savannah Sugar Company Ltd after Court Ordered Meeting

July 13, 2020/NSE The members of Dangote Sugar Refinery Plc. (DSR) at its Court Ordered Meeting held at 12:30pm on July 9th, 2020 at the Eko Hotel & Suites, Plot 1415, Adetokunbo, Ademola Street, Victoria Island, Lagos proposed and passed the following resolutions: The Scheme as contained in the Scheme […]