Market

Nigeria Capital Market: Week Ended 17th April, 2015

Posted on by The Editorial Team
Nigeria Capital Market: Week Ended 17th April, 2015

Nigerian Stock Market Weekly Summary and Outlook The NSE ASI added 20bps W-o-W as the index closed at 35,005.42pts. Market capitalization advanced N25.7bn to N11.9tn while YtD performance remained positive at 1.0% at the close of the week. On the contrary, activity level measured by volume traded retreated 45.3%% to 1.9bn units even as value traded declined 23.0% to N19.4bn. The Banking sector topped the sector advancers for the week, rising 1.5% due to rally…

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UBA Lists N30.5bn Bond Issue on NSE, FMDQ

Posted on by The Editorial Team
UBA Lists N30.5bn Bond Issue on NSE, FMDQ

The United Bank for Africa (UBA) Plc’s N30.5 billion bond has been listed on the Nigerian STOCK EXCHANGE (NSE) and the Financial Market Dealers Quotation, over-the-counter (FMDQ-OTC) market.  The dual listing was done in Lagos on Wednesday. Listing on the NSE provides opportunity for retail investors to take advantage of the fixed return on the investment grade notes, through the primary market while listing on the FMDQ provides a secondary market platform for institutional and foreign investors to trade the…

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Kenya sells $260 mln of 12-yr infrastructure bond at extended sale

Posted on by The Editorial Team

NAIROBI (Reuters) – Kenya’s central bank sold 24.02 billion shillings ($259.96 million) worth of a 12-year infrastructure bond in an extended sale in which it aimed to raise up to 25 billion shillings. The bond was first auctioned on March 25, when its weighted average yield rose slightly to 11.556 percent from 11.263 percent at a previous sale in October. At the extended sale on Wednesday all the bids for the bond were allotted at…

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