Investors Bite

Nigerian Equities Market Wrap: Gains in DANGCEM lifts ASI up +0.44%

September 27, 2017/InvestmentOne Research Nigerian equities gained +0.44% Market breadth index also ended positive as 24 stocks closed positive, compared with 23 stocks that ended negative. CHAMPION (8.14%) was the best performer against MORISON (-8.33%), which led the losers’ chart. JAIZBANK (+4.29%) was the most actively traded stock with c.36m […]

Lafarge Africa Announces Merger with UNICEM, Atlas cement

September 27, 2017/NSE Lafarge Africa Plc (“Lafarge Africa” or “the Company”) hereby notifies The Nigerian Stock Exchange of the decision of the Board of the Company to merge United Cement Company of Nigeria Limited (“UniCem”) and Atlas Cement Company Limited (“Atlas”) with Lafarge Africa.  UniCem and Atlas are wholly owned […]

Intraday Update: NSEASI Heads North as Investors Take Advantage of Sell-Off in Dangote Cement

September 27, 2017/InvestmentOne Research ASI as at 12.00pm: +0.56% Market movers: NEIMETH (+4.62%), CILEASING (+4.32%), MORISON (-8.33%), UAC-PROP (-5.00%)  Sector Performances: Industrial (+0.98%), Banking (+0.06%), Consumer Goods (-0.04%),  Oil & Gas  Market activity: Investors have exchanged c.59m units of shares worth c.N360m so far today, less than half the turnover as […]