September 17, 2024/United Capital Research Global Markets: Markets Closed Higher In the preceding week, the S&P 500 dropped by 4.2% w/w, marking its worst week since March 2023. This is largely due to a disappointing employment report and a break below its 50-day moving average. Despite expectations of a lower […]
Investors Bite
Intraday Update: Nigerian Stocks Inch Up +0.07%, Buoyed by Blue Chips
September 17, 2024/InvestmentOne Update ASI as at 12.00pm: +0.07% Top Gainers and Losers: FLOURMILL (+10.00%), FBNH (+10.00%), ABBEYBDS (-9.88%) and MECURE (-9.63%). Sector Performances: Banking (+1.13%), Consumer Goods (+0.93%), Oil & Gas (-0.49%) and Industrial. Market activity: In today’s trade, total volume and value advanced by 69% and 26% respectively […]
United Capital Raises Over $900 Million as Lead Issuing House to FGN Inaugural Domestic Dollar Bond
September 16, 2024/United Capital Nigeria’s leading financial services group, United Capital Group, acted as the Lead Issuing House and Coordinator for successfully issuing the FGN Domestic Dollar Bond, Nigeria’s first ever domestic US dollar-denominated bond. The transaction generated unprecedented domestic demand, raising over US$900m to achieve over 180% subscription levels, […]
