Investstock

The All Share Index declined by 2.93% to sum up the week's performance. A total turnover of 7.157 billion shares worth N42.545 billion in 39,037 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 5.011 billion shares valued at N45.816 billion that exchanged hands last week in 44,569 deals. The week was characterized by profit taking, while the index declined by 2.93%, Diamond bank that led the losers table lost  by a whooping 26.05%. The general Market performance could have been worse if not for the high capitalized stock that came to the show.  Below is the summary of the market performance: Stock Week on Week Return WAPIC 10.91% DANGSUGAR 9.80% NASCON 9.63% TRANSEXPR 8.00% PZ 6.82% NB 6.72% UAC-PROP 6.67% DANGFLOUR 6.55% CUTIX 5.73% LEARNAFRICA 5.43% Stock Year to Date Return SKYEBANK 156.00% UNITYBNK 137.74% WEMABANK 119.23% FCMB 106.76% ...

Could this be the reason behind the rally on Oando Shares: kindly follow the link below. http://www.nse.com.ng/Financial_NewsDocs/20700_OANDO_PLC_CORPORATE_ACTIONS_JANUARY_2018.pdf We await the response of SEC to the above submission.

As predicted last week, the market is considering realities in the pricing of some of the penny stocks that had return more than 100% in the last couple of days so the profit taking in some of them. Compare to the first two weeks of trading in 2018, the high Cap stock are coming back on board. We expect more caution in the trading of the penny stocks in the coming weeks until the results start coming in. In the same vein, the high Cap stock would benefit from this. Below are the Year to date and the week on week performance of the Market in 2018. Although the All Share index (ASI)  returned 17.91% and 5.11% Year to date and week on week respectively: Stock Year to Date  Return SKYEBANK 158.00% DIAMONDBNK 138.00% FCMB 135.81% UNITYBNK 130.19% WEMABANK 125.00% STERLNBANK 112.04% JAIZBANK 85.71% CCNN 84.21% CAVERTON 72.09% TRANSCORP 71.23% Stock Week on Week  Return SKYEBANK 53.57% UNITYBNK 48...

Flourmills of Nigeria Plc Opened its Rights Issue on 1 5th January  201 8  which will run through 2 1 st  February 201 8 . Principal activities The Group is primarily engaged in flour milling, production of pasta, noodles, edible oil and refined sugar, production of livestock feeds, farming and other agro-allied activities, distribution and sales of fertilizer, manufacturing and marketing of laminated woven polypropylene sacks and flexible packaging materials, operation of terminals A and B at the Apapa Port, customs clearing, forwarding agents, shipping agents and logistics. Flourmills of Nigeria Plc Rights Issue of 1,476,142,418  Ordinary Shares of 50kobo Each at ₦ 27 . 0 0 Per Share Issue Price N2 7 . 0 0 Opening Date: 15 th  January  201 8 Closing Date 21 st  February 201 8 Underwriting status: Nil Purpose of the Issue: The Rights Issue is being undertaken as part of the long-term plan to strategically position FMN for sustaina...