January 16, 2019/InvestmentOne Report ASI as at 12.00pm: +1.27%. Market movers: GUINNESS (+9.65%), NEM (+9.57%), UCAP (-3.73%), JAIZBANK (-1.96%). Sector Performances: Industrial (+1.93%), Consumer Goods (+0.49%), Oil & Gas (+0.26%) and Banking (-0.08%). Market activity: In today’s early trade, while total volume increased 18%, total value declined by 14% compared […]
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Access Bank Gets CBN, SEC’s Approval To Acquire Diamond Bank
January 15, 2019/Vanguard Access Bank and Diamond Bank Plc have obtained approval in principle from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on proposed merger plans. CBN Ghana’s Central Bank revokes licences of two banks Mr Victor Etuokwu, Access Bank Executive Director, Personal Banking, […]
Nigerian Stocks Up +0.58% on Buy Interest in Bellwether Counters
January 15, 2019/Cordros Update EQUITIES The bulls continue to dominate the Nigerian equities market as the benchmark index appreciated by 0.58% to 30,137.53 points, following interest across value stocks. Against the foregoing, the Month-to-Date loss moderated to 4.11%. All sectoral indices closed positive, with the Insurance (+3.50%) index […]
