Investors Bite

DMO Records Lowest FGN Bond Auction Sale in 8-Months

Culled—Proshare August 21, 2019 by Zedcrest Capital  Results from the recent FGN Bond auction by DMO showed that the auction was significantly undersubscribed, with total subscriptions of only N95bn of the N145bn offered. The DMO also undersold the total subscriptions at 0.14X bid to cover, with a total sale of N13.51bn marking […]

Nigerian Stocks Gain +1.09% Gains as President Buhari Assigns Ministerial Portfolios

August 21, 2019/InvestmentOne Report Please click to download the Market Report for Wednesday 21st August 2019  EQUITY: The Nigerian equities market closed positive today as NSE-ASI gained 1.09% to close at 27,352.94pts. Similarly, in today’s trade, market breadth index was positive with 23 gainers against 16 losers. Today’s performance was mainly due […]

REDSTAREX Applies for NSE for Approval, Listing of Rights Issue

August 21, 2019/NSE Red Star Express Plc has through its Stockbroker, APT Securities and Funds Limited, has submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Two Hundred and Ninety Four Million, Seven Hundred and Forty Eight Thousand, Three Hundred and […]