May 14, 2024/Cordros Report EQUITIES The local bourse sustained yesterday’s negative sentiments as profit taking activities in DANGSUGAR (-10.0%) caused the benchmark index to fall by 0.2% to 97,473.98 points. Sequentially, the MTD and YTD returns settled lower at -0.8% and +30.4%, respectively. The total trading volume decreased […]
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Bellwether Counters Drag NGXASI to -0.24% Decline
May 14, 2024/InvestmentOne Report The NGXASI declined by 0.24% today to close at 97,473.98pts, as the bearish sentiment on DANGSUGAR (-10.00%), UBA (-2.34%) and FBNH (-2.00%) propelled the market into the negative territory. In the fixed income space, the Treasury Bills secondary market traded on tepid note as yields were mostly unchanged […]
SEC Releases Proposed New Rules on the Issuance and Allotment of Private Companies’ Securities
May 14, 2024/SEC Nigeria The Securities & Exchange Commission (SEC) is seeking to regulate debt issuances by private companies and has recently published a draft of the new rules for comments. The Draft is the legal framework under which private companies can raise capital publicly without converting to a public […]
