Browsing: Investors

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.

Analysts expect yields on Treasury-Bills to moderate in November

ACCESS Bank share price bucks bearish trend, gains 23.49% in 7 trading days

Contrary to general perception that the non interest bank is for the Islam faith

CardinalStone initiates coverage on MTN Nigeria, says it foresees robust cash growth