By InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Wednesday weakened to an all-time low falling by 5.8 percent against the greenback to trade at N378.00 in the parallel market, while the pounds sterling and euro traded at N492.00 and N413.00 respectively. Cordros daily market update reports that the Nigeria’s local currency traded […]
Updates
NSE: Bulls Sustain Hold 2nd-Consecutive Day, ASI Rise 0.93%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bulls sustained its grip on the Nigerian Stock Exchange (NSE) for the second consecutive day as all-share index (ASI) rose 0.93 percent to close in green at 28,205.62 points, while market capitalisation grew by N70.52 billion to N9.69 trillion. “Today’s positive close trimmed […]
South Africa’s rand, stocks edge up as investors see U.S. rates unchanged
Wed Jul 27, 2016/Reuters South Africa’s rand traded slightly firmer against the dollar on Wednesday as investors speculated that the Federal Reserve would signal low rates for longer in the United States, boosting demand for high-yielding emerging markets. Resources led stocks higher, lifted by gains in the price of metals […]
