Markets and investing
First Nigerian bank on GSE, Retailers lead JSE losses
Stocks, forex, commodities
Published in
1 min readDec 23, 2016
Access Bank completed its Initial Public Offer (IPO) on the Ghana exchange, becoming the first Nigerian bank to list on the exchange. Access raised 29.62 million cedis ($6.8 million) from the listing.
Retailers led the JSE lower on Thursday as investors awaited Christmas trading reports from SA’s shopping malls. The all share index wound up -0.66% lower. Meanwhile the rand lost some ground against the dollar on thin trade.
Naira is expected to hit 500 against the dollar on the black market.
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