Investors Bite

Nigerian Equities Market Sustain Bearish Momentum, Sheds 1.07% on Sell-Offs in Bellwether Stocks

March 28, 2018/InvestmentOne Report Similar to the previous two trading sessions, the Nigerian equities closed down by 1.07% in today’s trading session. Also, market breadth index ended negative with 18 advancers against 29 stocks that declined. GLAXOSMITH (+10.03%) topped the gainers chart  while JAPAULOIL (-8.45%) had the worst performance. CHAMPION […]

Okomu Oil Reports N9.15 Billion Profit in 2017 End, Offer Investors N3.00 Dividend

By InvestAdvocate Lagos (INVESTADVOCATE)-Okomu Oil Palm Company Plc said on Wednesday its profit for the period ended December 31, 2017 rose 86.3 percent to N9.154.91 Billion from N4.91 billion declared a year ago. Pretax profit of the company grew 88.6 percent to N11.14 billion from N5.90 billion posted the same […]

ASI: Intraday Update

March 28, 2018/InvestmentOne Update ASI as at 12.00pm: -0.70%. Market movers: FIDSON (-5.00%), CHAMPION (-4.80%), GLAXOSMITH (+10.03%), ETERNA (+9.52%). Sector Performances: Banking (-1.93%), Industrial (-0.30%), Consumer Goods (-0.27%), Oil & Gas (+0.17%). Market activity: In today’s early trade, total volume and value declined by c. 28% and c. 35% respectively […]