March 17, 2020/InvestmentOne Update ASI as at 12.00pm: +1.20%. Market movers: UBN (+9.85%), FBNH (+9.46%), PRESTIGE (-9.09%) and LASACO (-9.09%) Sector Performances: Banking (+4.52%), Consumer Goods (+1.13%), Industrial (+0.08%) and Oil & Gas. Market activity: In today’s early trade, while total volume and value rose by 22% and 41% respectively […]
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Bond Coupon Payment of c.N140bn Sparks a Slight Recovery in the Bonds Market
Culled—Proshare March 16, 2020 By Zedcrest Capital FGN Bonds Despite the downward spiral of crude oil prices, the Bonds Market breathed a sigh of relief, as bids improved across the bond curve, halting the sell-off noticed over several days. The mid-end had the most axes (2027s, 2028s), as bond coupon […]
Nigerian Bourse Resumes Bearish Activity, Dips -0.12% on Consumer Goods, Industrial Stocks
March 16, 2020/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI lost 0.12% to close at 22,705.19pts. However, in today’s trade, market breadth index was positive with 18 gainers against 14 losers. TRANSCORP (-10.00%) was top loser while UCAP (+10.00%) led the gainers’ chart. GUARANTY was the most actively traded […]
