Culled—Proshare 18/5/2018/Zedcrest Capital ***Pension fund Assets rise to N7.94tn as at March 2018*** Bonds The Bond market traded on a bearish note with yields rising higher by c.8bps due to continued offshore sell especially on the 10– and 20-year bonds. Whilst noting the relatively weak demand for bonds by locals […]
Investors Bite
NASD USI Sheds 1.48% WoW
Culled—Proshare 18/5/2018/NASD Plc The Week in Review The NASD OTC Market ends the week with a decrease in market metrics, as the NASD USI decreased by 1.48%, closing at 675.43 points (as against 685.62 points last Friday). Consequently, total market capitalization shed 1.48% this week, closing lower at ₦457.08 billion compared to ₦463.96 billion last Friday. Trade Summary Market in Numbers […]
SEC Obtains Preliminary Injunction and Continuing Asset Freeze Against Biotech Start-up and CEO
18/5/2018/US SEC On May 18, 2018, a federal district court in Massachusetts entered a preliminary injunction against PixarBio Corporation, Francis M. Reynolds, Kenneth A. Stromsland, and M. Jay Herod, restraining the defendants from violating federal securities laws and maintaining an existing asset freeze until further notice. The SEC’s complaint, filed […]
