Investors Bite

United Capital Weekly Pan African Monitor Friday 14-June-2024

June 14, 2024/United Capital Anglophone West Africa (WAEMU) Nigeria Currency in circulation hits N3.97tn in May Currency in circulation has risen to N3.97tn in May, representing an all-time high and a 1.07% increase over the previous month. Currency in circulation has been rising consistently over the months from N3.86tn in […]

NGXASI Advance +0.09%, Driven by Bellwether Counters

June 14, 2024/InvestmentOne Report The NGXASI advanced by 0.09% today to close at 99,925.88pts, as the gains recorded in WAPCO (+5.59%), PRESCO (+6.75%) and TRANSCORP (+4.29%) drove the market into the positive territory. In the fixed income space, the Treasury Bills secondary market traded on a mixed note, as yields closed in […]

Nigerian Bourse Ends Week Bullish +0.7%, Driven by GTCO, ZENITHBANK

Bullish sentiments returned to the local bourse following renewed interest in banking stocks. Notably, bargain-hunting activities in ZENITHBANK (+8.3%) and GTCO (+5.6%) drove the weekly gain as the All-Share Index advanced by 0.7% w/w. June 14, 2024/Cordros Report Global Economy According to the Bureau of Labor Statistics (BLS), United States […]