Culled—Proshare May 21, 2018/Zedcrest Capital *** Nigeria’s economic growth slows for first time since end of recession*** – NBS Bonds The Bond market opened the week on a weaker note, with yields rising higher by c.14bps. This was following fears of continued selloff from offshore investors which pushed bid prices […]
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Bears Sustain Hold on Nigerian Equities Market, as Benchmark Index Records Third Straight Loss
May 21, 2018/Cordros Report EQUITIES The bears retained hold of the market, as the benchmark index recorded its third consecutive session of loss (-0.12%) at 40,425.07 points – lowest since January 9th. Accordingly, Month-to-Date loss increased to 2.04%, while Year-to-Date gain moderated to 5.71% The Insurance (-0.86%) and Banking (-0.21%) […]
Intraday Update: Nigerian Stocks Down -0.07% on Sell-Offs in Banking, Consumer Goods Counters
May 21, 2018/InvestmentOne Update ASI as at 12.00pm: -0.07%. Market movers: AIICO (-10.29%), EQUITYASUR (-4.00%), UNITYBNK (+8.51%), HMARKINS (+7.41%). Sector Performances: Banking (-0.12%), Consumer Goods (-0.01%), Industrial (+0.28%), Oil & Gas. Market activity: In today’s early trade, total volume and value declined by 56% and 57% respectively compared to this […]
