Investors Bite

Stocks Open Week Bullish, as Banking Index Emerge Biggest Gainer

January 9, 2017/Cordros Research The Nigerian equities market started the week on a bullish note, advancing by 1.25%; the All Share Index closed at 26,580.22 points. The All Share Index recorded its first back-to-back gains this year following Friday’s gain of 0.15%. The Banking (+4.04%) index recorded the biggest gain, […]

Naira Gains, Trades 490 at Parallel Market

 January 9, 2017/Cordros Research At the time of writing, the naira — in the interbank market — had appreciated against two of the three currencies we currently track. The NGN/GBP (+1.24%) and NGN/EUR (+0.01%) appreciated to N384.82 and N332.30 respectively. The naira was flat against the greenback as the NGN/USD […]

NASD USI Down by -1,25% WoW

Culled—Proshare January 6, 2017/NASD Plc Unlisted Securities Index As at Friday, 06 January 2017, the index closed at 618.55 points (down 1.25% on previous close of 626.39 points). PI Activity Market in Numbers (YTD – 6 January, 2017) Macro-Economic Indicators – 6 January, 2017 Closing Prices as at 6 January, 2017