Investors Bite

Intraday Update: Nigerian Stocks Down -0.08% on Sell-Offs in Industrial Goods Sector

May 16, 2018/InvestmentOne Update ASI as at 12.00pm: -0.08%. Market movers: SKYEBANK (-9.41%), DIAMONDBNK (-9.15%), CUTIX (+5.00%), FIRSTALUM (+4.88%). Sector Performances: Industrial (-0.21%), Banking (+0.03%), Consumer Goods (+0.03%), Oil & Gas. Market activity: In today’s early trade, total volume and value increased by 161% and 74% respectively compared to this […]

Bitcoin Mining Equipment Maker Canaan Files for $1 Billion IPO

15/5/2018/Bloomberg By Crystal Tse and Blake Schmidt China’s Canaan aims to start trading as early as July Firm seeks first Hong Kong IPO from cryptocurrency industry Canaan Inc., the world’s second-biggest maker of bitcoin mining hardware, submitted a listing application to the Hong Kong stock exchange.  Morgan Stanley, Deutsche Bank […]

Funding Rates Crash Below 20% as CBN SLF hits 6-Month high at N239bn

Culled—Proshare 15/5/2018/Zedcrest Capital ***NASS jerks 2018 budget to N9.120 trillion*** ***Headline Inflation Drops to 12.48% in April*** Bonds The bond market traded on a relatively flat note, as initial bullish sentiments following release of the April inflation results were offset by some profit taking by offshore clients especially on the […]