Investors Bite

NGXASI Flat at 102,106.31 Points as Investors Selloff Blue Chips

February 7, 2024/InvestmentOne Report The NGXASI remained unchanged today to close at 102,106.31pts, as investors selloffs in DANGSUGA (-5.63%), ZENITHBANK (-1.87%) and GTCO (-1.75%) offset the buy interests in BUAFOODS (+3.82%), INTBREW (+3.65%) and OANDO (3.03%). In the Fixed income space, the Treasury Bills secondary market closed bearish, largely driven by selloffs […]

Nigerian Stocks Close Flat at 102,106.31 Points Dragged by BUAFOODS, DANGSUGAR

February 7, 2024/Cordros Report EQUITIES The Nigerian stock market traded with mixed sentiments today as the loss in DANGSUGAR (-5.6%) offset the gain in BUAFOODS (+3.8%). Consequently, the NGX ASI closed flat at 102,106.31 points. Accordingly, the MTD and YTD returns remained at +0.9% and +36.6%, respectively. The total volume traded declined by […]

Democratic Republic of Congo Sets Out Plans to Attract “Modern Investors” to Tap $24 Trillion of Unexplored Mineral Reserves

Speaking at the Mining Indaba in Cape Town, the leader of the DRC’s private sector regulator set out how the government will partner with responsible investors in a “win-win” for the industry and the Congolese people February 7, 2024/ARSP The Democratic Republic of Congo (DRC) is looking to attract “modern […]