Investors Bite

Sentiments Remain Weak as NSE-ASI Dips -0.1% Week-on-Week

July 10, 2020/Cordros Report Sentiments remained weak in the domestic equities market, as the All-Share Index declined by 0.1% w/w, to 24,306.36 points. The index was weighed down by NESTLE (-6.5%), BUACEMENT (-2.5%) and DANGCEM (-0.8%). Global economy According to Labor Department data, US weekly initial jobless claims – the […]

Nigerian Equities Market Closes Flat, as NSEASI Dips -0.01% on Negative Sentiments in Consumer, Oil & Gas Counters

July 9, 2020/InvestmentOne Report The Nigerian equities market closed down today as NSE-ASI lost 0.01% to close at 24,276.56pts.  In today’s trade, market breadth index was negative with 15 losers against 10 gainers. CONOIL (-10.00%) led the loser’s chart while LAWUNION (+7.00%) was the top gainer. FIDELITYBK (-0.56%) was the most actively traded stock with about 38million units of shares worth about N69million. Sector Performances ·        NSE Consumer Goods […]

Access Bank Says Zambian Subsidiary to Acquire 100% Stake in Caymont Bank Zambia

July 8, 2020/NSE Access Bank Plc (“Access Bank”) announces today that its wholly owned subsidiary in Zambia, Access Bank Zambia Limited (“Access Bank Zambia”) has entered into exclusive discussions with Cavmont Capital Holdings Zambia Plc (“Cavmont Capital”) regarding a potential transaction between Access Bank Zambia and Cavmont Bank Limited (“Cavmont […]