Culled—Proshare December 14, 2018/CBN The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has outlined the monetary policy thrust for 2019, saying that the Bank is of the view that the short-term outlook of the Nigerian economy remains good, adding that current tight stance of the Bank is expected […]
Investors Bite
Intraday Update: Nigerian Stocks Up +0.36% on Gains in Oil & Gas, Consumer Goods Counters
December 14, 2018/InvestmentOne Update ASI as at 12.00pm: +0.36%. Market movers: SEPLAT (+10.00%), UCAP (+9.77%), VERITASKAP (-8.75%), FIDELITYBK (-3.55%). Sector Performances: Oil & Gas (+4.63%), Consumer Goods (+1.00%), Banking (-0.02%) and Industrial. Market activity: In today’s early trade, while total volume jumped 274%, total value declined by 58% compared to […]
Nigerian Equities Reverse Previous Gains on Sell-Offs in Bellwether Stocks
13/12/2018/Cordros Update EQUITIES The equities market sustained its bearish run for the second consecutive session, as the ASI dipped by 0.24% to 30,568.05 points, following substantial sell-offs in SEPLAT shares. Thus, the Month-to-Date and Year-to-Date losses increased to 0.99% and 20.07%, respectively. On sectoral performance, heavy losses in the Oil […]
