August 16, 2016/Punch Oyetunji Abioye The naira recorded marginal gain at the parallel market on Monday and closed at 393 against the United States dollar, up from 397 on Friday. The local currency, which had fallen to 400/dollar last Friday, traded lower last week. The naira closed at N505 and […]
Updates
NSE Opens Week Bullish, ASI up 0.26%
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Monday opened the week on a bullish note, with the benchmark index rising by 0.26 percent to close at 27,316.52 points. “Today’s positive close trimmed the Month-to-Date and Year-to-Date losses to 2.48 percent and 4.63 percent respectively,” Cordros daily market update affirmed. […]
Bond prices decreased across all maturities on profit taking-Daily Review
August 15, 2016/Cowry Asset Research FGN OTC Bond prices decreased across all maturities on profit taking–10.00% FGNJUL 2030 bond,10-year, 16.39% FGN JAN 2022 debt, 7-year, 16.00% FGN JUN 2019 debt and 3-year, 13.05% FGN AUG 2016 debt lost N0.63, N0.65 and N0.93 and N6.24 respectively (corresponding yields rose to 15.389%, […]
