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- Naira Depreciates as Interbank FX Turnover Tumbles 78%
- Equities Investors Gain N299bn, Seplat Tops Value Chart
- XRP Price Declines Ahead of Evernorth Vote
- Bitcoin Drops Below $84K as Investors Take Profits
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- U.S. Yields, Oil Prices Set Tone for Global Equities Markets
MarketNews
Nigerian OMO bills auctioned by the Central Bank last week attracted N6.1 trillion from investors chasing double-digit returns on naira-denominated assets.
As liquidity conditions continued to be severely strained, money market rates rose and trended above 32% each.
FBN Holdings Plc’s market value fell by 8%, or about N79 billion, on the Nigerian Exchange as investors exited their position in the financial services company. This has brought its stock market price near its rights offer price.
PZ Cussons Value Drops by 12% as Investors Moods Swing Sell pressures on PZ Cussons…
MeCure Industries Value Drops by 19% as Investors Unload Shares Pharmaceutical company Mecure Industries market…
Unilever Nigeria Plc’s stock market valuation surged to new 52-week highs on the Nigerian Exchange (NGX) as a result of investors’ bets on the company in anticipation of robust future earnings and dividends.
Cadbury Nigeria’s Plc market value increased significantly on the Nigerian Exchange as investors staked huge bets on the consumer goods index. The stock rallied as investors’ sentiments improved as Cadbury Nigeria’s parent company raised stake.