Browsing: GTCO
The equities market is trading negative during the intraday session on the Nigerian Exchange (NGX) platform on Monday. Investors were noted to be taking profit
Banking Index Sinks 2.31% Intraday as GTCO, UBA, ZENITH Tumble Due to huge selloffs in GTCO, FBNH, UBA and Zenith…
Nigerian Equities Market Shrinks as Investors Lose N25bn The equities market capitalisation of the Nigerian Exchange (NGX) slumped by about…
Guaranty Trust Holding Company Plc (GTCO) says it plans to raise N400.5 billion through a public offer on the Nigerian Exchange Ltd. (NGX). Mr Segun Agbaje, Group Managing Director of GTCO, disclosed this on Monday during the “Facts Behind the Offer Presentation” in Lagos.
The average yield on Nigerian Treasury bills (NTB) climbed by 68 basis points as deposit money banks, and other authorised dealers in the fixed income market reduced their holdings amidst spot rates adjustment expectations.
Investors saw N95 billion gain as equities market rebounded midweek after two consecutive negative performance in the week. Due to buying interest on some banking, and oil and gas name, the market recalibrated from downward trend, thus push the year to date return upward.
Selloffs on FBNH, GTCO and Lafarge WAPCO are among the decliners on the Nigerian Exchange (NGX) that dragged the local bourse downward by more than
Guaranty Trust Holding Company Plc (GTCO) has filed a preliminary “red herring” prospectus with the Securities and Exchange Commission (SEC) to raise a proposed offering of N500 billion gross proceed.
In the equities market, investors that were trading highs and lows on the Nigerian Exchange (NGX) gained more than N114 billion on Thursday due to bargain hunting in banking, amd industrial names, among others.
Reversing the previous downturn, shares of Nigerian big banks are currently trading higher. The market had priced these stocks lower amidst weak sentiment in the local bourse last week, causing investors to lose N290.1 billion over five trading sessions.