Investors Bite

Stocks Reverse Three-Day Losing Streak, as Forte Oil Lead Gainers

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday reversed its three-day losing streak, with the all-share index (ASI) advancing 0.18 percent to close at 26,464.82 points. “Today’s positive performance increased the Month-to-Date gain to 4.49 percent, while it reduced the Year-to-Date loss to 7.85 percent,” according to Cordros daily […]

Equities, Fixed Income Markets Register Bullish Activities

December 22, 2016/Cowry Research Overall equities market performance measures, NSE ASI and market capitalisation, upped by 0.18 bps amid bargain hunting, particularly targeted at oil/gas and industrial stocks. Elsewhere, NIBOR increased for all tenor buckets on tightened financial system liquidity. Similarly, NITTY increased across most of the maturities amid sell […]

Shareholders Endorse Delisting of ASHAKACEM

December 22, 2016/NSE This Public Notice is issued pursuant to the Listing Rules of The Nigerian Stock Exchange (‘’the NSE’’ or ‘The Exchange’’). At an Extra-Ordinary General Meeting of AshakaCem Plc (‘’AshakaCem’’ or ‘’the Company’’) duly convened and held on Monday December 19, 2016 the shareholders of the Company approved […]