Investors Bite

Nigerian Stocks Close Positive Third Straight Session on Strong Investors Sentiment

January 30, 2018/InvestmentOne Report The equities market ended positive for the third consecutive trading session, up +0.42%.  Also, Market Breadth Index, a gauge for investor sentiment closed positive as 34 stocks advanced, compared to 24 stocks that declined.   DIAMONDBNK (+10.00%) was the best performer against ROYALEX (-8.33%) which led […]

Intraday Update: Stocks Down -0.72% on Profit-Taking in Industrial, Oil & Gas Counters

January 30, 2018/InvestmentOne Report ASI as at 12.00pm: -0.72%  Market movers: ROYALEX (-8.33%), CUTIX (-5.00%), HONYFLOUR (+10.00%), SKYEBANK (+10.00%).  Sector Performances: Industrial (-1.20%), Oil & Gas (-0.53%) Banking (+0.38%), Consumer Goods (+0.01%).    Market activity: In today’s early trade, total volume and total value increased by c.+147% and c. +111% […]

Nigerian Equity Market Flash Note – Update on Coverage Companies

Culled—-Proshare January 29, 2018/Vetiva Research  Consolidating on mostly better-than-expected performances from 9M’17, we are optimistic of more positive earnings for the FY’17 period, supported by stable macroeconomic conditions in the final quarter of the year and the usual festive demand boost. Given the improvement in Nigeria’s risk environment and downward […]