July 1, 2020/InvestmentOne Report The Nigerian equities market closed up today as NSE-ASI gained 0.47% to close at 24,549.99pts.  In today’s trade, market breadth index was negative with 22 losers against 12 gainers. CADBURY (+9.63%) led the gainer’s chart while NEIMETH (-9.70%) was the top loser. WAPIC (-5.71%) was the most actively traded stock with about 30million units of shares worth about N11million. Sector Performance ·         NSE Industrial Index: Was up […]

Culled—Proshare June 30, 2020 FCMB Group recently notified the Nigerian Stock Exchange of its agreement to acquire 96% of AIICO Pensions Limited through its pensions arm – FCMB Pensions Limited.  This appears to be part of a deliberate strategy to grow the Group’s investment management portfolio and build on the […]

June 30, 2020/Cordros Report EQUITIES Sentiments in the domestic bourse turned negative, as sell-offs of top cement players – BUACEMENT (-10.0%), DANGCEM (-0.8%) and WAPCO (-7.4%) – triggered the market’s loss. Precisely, the All-Share Index declined by 1.5% to 24,479.22 points – the biggest decline since falling by 1.5% on […]