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Union Bank Share Price Drops on First Day of Rights Issue

September 20, 2017 By InvestAdvocate Lagos (INVESTADVOCATE)-Shares of Union Bank of Nigeria Plc (UBN) dropped 4.67 percent to N5.72 from N6.00 traded the previous session; thereby losing 0.28 kobo on its first day of the lenders N50 billion Rights issue. The bank is issuing 12.1 billion ordinary shares of 50 […]

Intraday Update: NSEASI Heads South on Low Investors Interest in Bellwether Stocks

September 20, 2017/InvestmentOne Research ASI as at 12.00pm: -0.12% Market movers: NPFMCRFBK (-5.17%), UAC-PROP (-4.92%), FO (+2.30%), FBNH (+1.17%) Sector Performances: Banking (-0.30%), Consumer Goods (-0.04%), Oil & Gas (+0.26%), Industrial Market activity: While total volume is up c.+25%, compared to this time yesterday, total value is less than half as […]