Investors Bite

MIDDAY UPDATE: Stocks Inch Down -0.38% on Sell-Offs

July 11, 2019/InvestmentOne Report ASI as at 12.00pm: -0.38%.  Market movers: NESTLE (-4.09%), HONYFLOUR (-2.91%), FIDELITYBK (+2.48%), TRANSCORP (+0.99%). Sector Performances: Consumer Goods (-1.91%), Banking (-0.55%), Industrial (-0.07%) and Oil & Gas. Market activity: In today’s early trade, while total volume declined by 5%, total value rose by 16% compared […]

VAT Exemption on Nigerian Stock Exchange Transactions Expires July 24, 2019

July 10, 2019/InvestmentOne Update We wish to inform you of the expiration of Value Added Tax (VAT) exemption of commissions on the Nigeria Stock Exchange (NSE) transactions.   The order for exemption of VAT from all NSE transactions was granted by the Coordinating Minister of the Economy and the Honorable Minister of Finance […]

NSEASI Down -0.21% as AIRTEL Reverses Post Listing Gain

July 10, 2019/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI lost 0.21% to close at 29,256.60pts.  Similarly, market breadth index was negative with 17 losers against 15 gainers. NPFMCRFBK (+9.71%) led the gainers’ chart today while FO (-10.00%) was the top loser.  ZENITHBANK was the most actively traded […]