The bears took a back seat as positive sentiments resurfaced in the Nigerian equities market following investors’ interest in MTNN (+5.2%), OANDO (+60.5%), UBA (+14.7%), and ZENITHBANK (+7.9%), which drove the All-Share Index higher by 0.9% to 98,605.79 points. August 9, 2024/Cordros Report Global According to recently released data by […]
Author: InvestAdvocate
Intraday Update: Nigerian Stocks Gain +0.32%, Driven by Blue Chips
August 9, 2024/InvestmentOne Update ASI as at 12.00pm: +0.32% Top Gainers and Losers: JBERGER (+10.00%), MECURE (+9.94%), CUSTODIAN (-9.77%) and DAARCOMM (-9.09%). Sector Performances: Banking (+1.06%), Oil & Gas (+0.51%), Industrial, and Consumer Goods. Market activity: In today’s trade, total volume, and value both decreased by 42% and 48% respectively, when compared to this time yesterday, […]
BUA Cement Plc Q2-24: Higher Costs and FX Losses Undermine Earnings Outlook
August 9, 2024/Cordros Report We update our views on BUACEMENT in this report, after the release of the company’s Q2-24 result. BUACEMENT’s revenue surged by 76.8% y/y in Q2-24, which we believe was supported by a favourable price/volume mix in the year. However, cost pressures and FX losses continued to […]
