"A mouse never entrusts its life to one hole." Plautus
Asset diversification is a major rule for both large and small investors
Investing in a fund is a sure way to diversify and spread your risk
If you had 10Billion 1naira coins and spent one every second; it would take you 317 years for you to go broke #VetivaFunMoneyFact
The NSE gained 104bps today, bringing YTD return to 36.38%
TRANSCORP topped both value and volume charts, trading 168 million units worth N455 million.
The Financial Services sustained previous gains, advancing further 58bps thanks to GUARANTY (81bps) and FBNH (168bps)
All key sectors closed on a positive note with Industrial Goods gaining 212bps.
The ASI was firmly in the green today, rising to its highest gain in 3 months as weighty DANGCEM gained 2.5% closing at N190.00
"If a business does well, the stock eventually follows." Warren Buffett
Yields fell an average of 11bps across traded maturities. Yields in the bond market rose at an average of 5bps on each bond.
The T-bills market was volatile, though tilted towards a bullish bias, possibly triggered by the absence of an OMO announcement.
Despite system liquidity at a surplus of N372Bn, NIBOR remained unchanged from the previous session closing at 10.33%
The Consumer Goods remained in the red, dipping further 19bps, following losses in CADBURY (-135bps) and NESTLE (-41bps).
The Financials gained 20bps after two sessions of losses following gains in ZENITHBANK (+99bps) and UBA (+183bps)
The ASI gained 7bps to open the week amid persistently mixed performances across key sectors.
"I would not pre-pay; I would invest instead and let the investments cover it." - Dave Ramsey
"Success is a lousy teacher; it seduces smart people into thinking they can't lose." Bill Gates
Twitter's 70 Million-Share IPO Priced at $26 Per Share
"An investment in knowledge pays the best interest. " - Benjamin Franklin
The NSE remained higher, moving further north by 19bps amidst relatively weaker performance across key sectors.
Good morning, the market opens in 30 minutes. Lets have a good trading day.
As another week starts remember to make sound financial decisions for the future.
"When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.” – Henry Ford
China invented every single major form of currency: shell money, metal money, paper money and fiat currency. #moneyfunfact
The market recorded turnover of N4Bn on 381m shares. YTD now stands at 33.99%
NESTLE gained 466bps to reach a new all-time high of N1,100.00. WAPIC topped the volume chart, trading 112m units.
The ASI bounced back to the green, rising 67bps, as the top three Consumer Goods stocks recorded strong gains.
"In investing, what is comfortable is rarely profitable." - Robert Arnott
[Telegraph] Vetiva guess at Sanusi Lamido’s replacement nnd.es/4DJZ8z
Its the day for the banks today on the NSE, with Skye, Diamond and Access Banks all releasing their Q3 numbers.
WAPIC topped the volume chart, trading 36million units, whilst NB topped the value chart once more, exchanging 3.7m units worth N636Million
The ASI remained in the red, dipping by 49bps as selling pressure persisted in the Consumer and Financial sectors.
Impact your world. Have a great week ahead.
" A business that makes nothing but money, is a poor business. " - Henry Ford
Hope you all have a beautiful clear morning...
"I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I have said." - Alan Greenspan
The index shed 30bps bringing YTD to 32.73%.The market recorded a turnover of 3.9Bn naira on 296 million shares.
The NSE opened the week on a negative note after four consecutive days of gains...
"The broker said the stock was "poised to move." Silly me, I thought he meant up." Randy Thurman
"The market,like d Lord helps those who help themselves. But unlike the Lord, it doesn't forgive those who know not what they do." W.Buffett
The agency also affirmed Nigeria's short term foreign currency IDR at 'B' giving it a stable outlook
Fitch ratings ratified Nigeria's long term foreign and local currency IDRs and senior unsecured bond ratings at BB- and BB respectively.
Industrial Goods (-18bps) and Consumer Goods (-6bps) remained under due to losses in Dangcem (-26bps) and NB (-24bps)
Financial services (+40bps) secured a positive closed, pushed by a rally in Zenith Bank shares (+331bps)