March 31, 2020/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI lost 0.14% to close at 21,300.47pts. In today’s trade, market breadth index was negative with 11 losers against 9 gainers. JAIZBANK (-9.43%) led the losers’ chart while GLAXOSMITH (+10.00%) was the top gainer . STERLNBANK (-4.17%) was the most actively traded stock with about 303million units of shares worth about N349million. Sector Performance NSE Banking Index: Fell by 1.12%, on the back of […]
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COVID-19 FGN 14 Day Restriction: NSE Announces Sustenance of Remote Trading
March 30, 2020/NSE The Federal Government of Nigeria (FGN) has announced restriction of all movements in Lagos and Ogun States as well as the Federal Capital Territory, Abuja for an initial period of 14 days effective 11:00 pm on March 30, 2020, to stem the spread of Coronavirus (COVID-19) in […]
A More Challenging Auction for the DMO in March 2020
Culled—Proshare March 30, 2020 By FBNQuest Research The auction of FGN bonds last week was tricky for the DMO because it launched two new issues (15 and 30-year benchmarks), and naturally wished to contain the cost of the coupons. It offered N50bn, raised N50bn (US$130m) on a competitive basis and […]
