Investors Bite

MIDDAY UPDATE: UBA Boost Nigerian Equities Market to Gain +0.33% on New Year’s Eve

December 31, 2019/InvestmentOne Update ASI as at 12.00pm: +0.33%.  Market movers: MANSARD (+10.00%), VITAFOAM (+10.00%), LASACO (-7.41%) and AFRIPRUD (-4.31%). Sector Performances: Oil & Gas (+0.94%), Banking (+0.57%), Consumer Goods (-0.54%) and Industrial (-0.42%). Market activity: In today’s early trade, while total volume declined by 56%, total value rose by 72% […]

Bullish Momentum Sustained as Average NT-Bills Yield Dips to 5.6% WoW

Culled—Proshare December 2019/IMFBlog By Afrinvest Research Last week, the Nigerian Treasury Bills (“NT-Bills”) secondary market which traded for 3-days due to the Yuletide holidays extended its bullish run on the back of sustained demand by local Investors, buoyed by OMO maturity worth N900.0bn hitting the financial system during the week. […]