Investors Bite

Foreign Investors and the Current Account

December 2, 2019/Coronation Research This week we are waiting for key news on the level of foreign investor flows, for November, into Nigerian fixed income instruments. The problem with supporting foreign exchange reserves this way, is that interest payments must be made. These negatively affect the current account. See page […]

Nigerian Stocks Dip -0.17%, Dragged by MTNN, Industrial Sector

December 3, 2019/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI fell by 0.17% to close at 26,944.32pts. Similarly, in today’s trade, market breadth index was negative with 19 losers against 13 gainers. IKEJAHOTEL (-9.73%) led the losers’ chat while OKOMUOIL (+9.87%) was the top gainer today.                                                                                                  ACCESS (+1.09%)  was […]

Domestic Equities Market Upended by 0.04% Amid Renewed Profit Taking Activity

December 2, 2019/Cowry Asset At the end Monday’s trading session, local bourse closed on a negative note by 0.04% having printed 17 laggards as against 12 gainers. Counters such as ACCESS, OANDO and CCNN shed 0.54%, 1.33% and 5.00% respectively, dragging the NSE Banking, NSE Oil & Gas and NSE […]