Investors Bite

Unilever Nigeria Lists 1.96 Billion Additional Shares at N30 per Share

November 17, 2017/NSE Dealing Members are hereby notified that 1,961,709,167 ordinary shares of Unilever Nigeria Plc (“Unilever” or “the Company”) were today, 16 November 2017 listed on the Daily Official List of The Exchange. The additional shares arose from Unilever’s Rights Issue of 1,961,709,167 ordinary shares of 50 kobo at […]

Intraday Update: NSEASI Heads North on Buy Interest in Consumer Goods Stocks

November 17, 2017/InvestmentOne Research ASI as at 12.00pm: +0.06%  Market movers: CILEASING (+6.82%), PZ (+5.00%), UPL (-4.89%), NPFMCRFBK (-4.44%)  Sector Performances: Consumer Goods (+0.34%), Banking (-0.08%), Insurance (-0.32%), Oil & Gas and Industrial  Market activity: Investors have exchanged c.98m units of shares worth N3.23bn so far today, a significant increase […]

Nigerian Equities Market Halts Two-Day Bearish Run on Bargain Hunting in Banking Counters

November 16, 2017/Cordros Report EQUITIES The equities market halted two consecutive days of profit taking, with the ASI appreciating by 0.05% to 36,634.89 points, following bargain hunting in the Banking Sector. The Month-to-Date loss reduced to 0.12% while the Year-to-Date returns improved to 36.32%. The Banking (+0.64%) index posted positive […]