Investors Bite

MIDDAY UPDATE: Nigerian Stocks Gain +0.01% on Banking Counters

June 24, 2020/InvestmentOne Update ASI as at 12.00pm: +0.01%.  Market movers:  CHAMS (+9.52%), UNITYBNK (+9.26%).REDSTAREX (-9.86%) and  NEIMETH (-9.52%). Sector Performances: Banking (+0.08%), Consumer Goods (-0.16%), Industrial and  Oil & Gas. Market activity: In today’s early trade, total volume and value increased by 136% and 98% respectively, compared to this time yesterday as investors have traded about 78million units of shares worth about N561million. FBNH (+0.95%) is the most actively […]

Fixed Income Quarterly Q2 2020: Few Places to Hide

Culled—-Proshare June 23, 2020 by FBNQuest Research A brutal global landscape The international landscape has deteriorated severely this year because of Covid-19, and Nigeria’s prospects have been further clouded by the crashing oil price. All forecasts are subject to a wide margin of error, given the unpredictability surrounding the virus. […]

Local Outperform Foreign Investors by 40%-NSE

June 23, 2020/NSE On a monthly basis, The Nigerian Stock Exchange polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI)4 flows. As at 31 May 2020, total transactions at the nation’s bourse decreased by 7.40% from N128.67billion (about $332.22million) in April 2020 to N119.15billion (about […]