July 12, 2023/US SEC The Securities and Exchange Commission today proposed amendments to Rule 15c3-3 (the Customer Protection Rule) to require certain broker-dealers to increase the frequency with which they perform computations of the net cash they owe to customers and other broker-dealers (known as PAB account holders) from weekly […]
Investors Bite
NGX Halts Bullish Run Sheds -2.5% Dragged Dangote Cement
July 12, 2023/Cordros Report EQUITIES The Nigerian equities market halted its bullish momentum as investors took profits off DANGCEM (-9.6%) stock. Consequently, the All-Share Index shed 2.5% to close at 64,046.93 points. Accordingly, the Month-to-Date and Year-to-Date gains moderated to +5.1% and +25.0%, respectively. The total volume traded […]
Market Deluge: Profit Taking Drowns Nigerian Stocks, Wiping Out N883 Billion in Investor Wealth
July 12, 2023/Futureview Financial Services Click here to download the full report Equities Market The mid-week trading session witnessed a reversal of fortune in the domestic stock market, as the euphoria of previous gains gave way to a wave of profit-taking, plunging equities into a sea of red. Like a […]
