Investors Bite

Intraday Update: NSEASI Down 0.12% on Profit-Taking in Consumer, Industrial Goods Counters

December 12, 2017/InvestmentOne Update ASI as at 12.00pm: -0.12%  Market movers: FIDSON (-5.00%),  NAHCO (-4.86%), UBN (+10.01%), ETERNA (+4.83%).  Sector Performances: Consumer Goods (-0.63%), Industrial (-0.32%), Banking (+0.09%), Oil & Gas.  Market activity: Total volume in today’s early trade contracted compared to what it was this time yesterday while total value […]

Lafarge WAPCO Rights Issue Rights Issue Closes December 15, 2017

December 12, 2017/ARM Details of Rights Being Issued – 3,097,653,023 Ordinary shares of 50 kobo each Rights Price – N42.50 per share Gross Issue Proceeds  – N131,650,253,478 Provisional Allotment – 5 new Ordinary Shares for every 9 Ordinary Shares of 50 kobo each held as at the close of business on […]

Asia shares take a time out, Brent breaks above $65

11/12/2017/Reuters Wayne Cole Asian shares took a small step back on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week. The latest promising news came from China where banks doled […]