July 9, 2024 By InvestAdvocate Lagos (INVESTADVOCATE)-Guaranty Trust Bank Plc (GTCO) on Monday announced its plans to raise N400.5 Billion by way of Public Offer of nine ( 9) billion shares at N44.5 per share to meet up with the ongoing bank recapitalisation directed by the Central Bank of Nigeria […]

July 9, 2024/Cordros Report EQUITIES The domestic stock market continued its descent as profit taking activities in GTCO (-4.2%) caused a 0.2% decline in the benchmark index. Consequently, the All-Share Index settled at 99,805.95 points, with the Month-to-Date and Year-to-Date returns moderating to -0.3% and +33.5%, respectively. The total volume […]

July 9, 2024/IMFBlog The NGXASI declined by 0.20% today to close at 99,805.95pts, as the losses printed in GTCO (-4.21%), UBA (-2.74%) and ETI (-3.86%) drove the local equities market into the negative territory. In the fixed income space, the Treasury Bills secondary market exhibited a bearish performance as yields increased across […]