Investors Bite

Intraday Update: Nigerian Stocks Inch Up +0.09%, Driven by Blue Chips

June 21, 2024/InvestmentOne Update ASI as at 12.00pm: +0.09%  Top Gainers and Losers: CADBURY (+10.00%), THOMASWY (+9.95%), CUTIX (-8.75%) and RTBRISCOE (-7.46%).  Sector Performances: Banking (+0.30%), Consumer Goods (+0.19%), Industrial (-0.01%) and Oil & Gas.  Market activity: In today’s trade, total volume and value decreased by 39% and 49% respectively, when compared to this time […]

United Capital Weekly Pan African Monitor Friday 21-June-2024

June 21, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria Nigeria’s share of global FX reserves falls to 0.26%, as global FX reserves hit $12.3 trillion Global forex reserves hit $12.3tn at the end of 2023 representing a 3.5% y/y increase from the $11.92tn recorded a year earlier. Nigeria’s forex […]

Fidelity Bank Opens ₦127Bn Combined Offer of Rights Issue, Public Offer

June 20, 2024/FSDH Research Fidelity Bank Plc (“Fidelity Bank” or the “Bank” or the “Issuer”) Issue of ₦127 billion Combined Offer of Rights Issue and Public Offer is now open and scheduled to close on Monday, 29 July 2024. Please see below the summary of the indicative terms of the […]