Standard Bank is a South African-based financial services company with a global presence. We operate from 18 countries in Africa and 20 on other continents, including the key financial centres of Europe, the Americas and Asia.
Nigerian equities closed lower this week triggered by market
concerns regarding banks’ implementation of new CBN policies on
margin lending. Also of concern to investors were: (1) the delayed
implementation of the AMCON; and (2) political risk. On a positive
note, the market staged a rally in yesterday’s trading as investors
found value in equities at current levels. This rally partly offset
earlier losses and the index closed on 24,175, a 4.1% decline for the
week. In the same vein, volumes and values lost c.18% w/w.......Full Story
