Browsing: Investors

Sell-offs Push Average Yield to 3.5%, as market expects N495bn inflow. Afrinvest www.afrinvest.com, a leading investment banking firm has said sell offs pushed average yield up to 3.5% last week.

Investors’ fortune increase as stock market cap hit N15.3 trillion. Yet again, investors’ fortunes have increased on the back of an improved sentiment that has consistently resulted to shares appreciation on the floor of the Nigerian Stock Exchange (www.nse.com.ng) in January, 2020.

Investors gain N2.2 trillion as NSE outperforms globally. The equities investors’ fortunes have increased N2.2 trillion, just as the Nigerians Stock Exchange outperformed global peers.

Year-to-date loss worsen as stock market cap drops to N12.8 trillion

Declining External Reserves Threaten CBN’s FX Market Intervention| The declining in the amount credited to the nation’s external reserves threatens the apex bank ability to supporting the local currency in the foreign exchange market, analysts have stated.

Foreign investors’ shy away from CBN’s OMO auction. In the money market last week, exit of foreign investors impacted the Central Bank of Nigeria’s (CBN) www.cbn.gov.ng open market operation (OMO) as subscription was significantly under sold.

Investors’ wealth decline as sell-offs in Bellwethers Drag Index. The Nigerian equity market today shed 0.09% to further extended downtrend to four consecutive trading sessions.

The Nigerian Stock Exchange (www.nse.com.ng) extends its losing streaks amid sell-offs in the banking stocks at the trading session on Wednesday.

Equities market (www.nse.com.ng) opens the week on a negative note as market index drops.
Losses in CCNN (-5.0%), GUARANTY (-0.5%) and FCMB (-5.5%) dragged the All-Share Index (ASI) by 4 basis points (bps) to 26,990.59 points.

Experts ask NSE to diversify products, include short selling for price discovery. Some investment experts are asking the Nigerian Stock of Exchange to diversify products and include short selling for enhance price discovery in the market.