September 30, 2024/InvestmentOne Report The NGXASI advanced today by 0.10% to close at 98,558.79pts as investors buy interest in UBA (+9.90%), OANDO (+9.84%) and ACCESSCORP (+5.64%) drove the local bourse into the positive zone. In the fixed income space, the Treasury Bills secondary market closed on a flattish note, this was primarily driven […]
Author: InvestAdvocate
UBA Plc H1 2024: Loss on Derivatives and Higher Costs Weigh on Profit
September 30, 2024/InvestmentOne Report According to the H1’2024 financial report released by United Bank for Africa (UBA); the bank recorded a modest performance across major income lines amidst the headwinds in the local economy. In specifics, interest income rose by 134.32% YoY to NGN1.00trn, mirroring the prevailing high yield environment […]
UBA, OANDO Drives Nigerian Stocks to Open Week Bullish +0.1%
September 30, 2024/Cordros Report EQUITIES The domestic bourse kicked off the week’s trading with bullish sentiments as the gains in OANDO (+9.8%) and UBA (+9.9%) outweighed the loss in BUACEMENT (-3.4%). As a result, the All-Share Index closed 0.1% higher to 98,558.79 points, with the Month-to-Date and Year-to-Date returns printing +2.1% […]
