August 14, 2025/Cordros Report Profit-taking activities continued today in the Nigerian equities market, with DANGSUGAR (-7.9%), TRANSCORP (-2.3%) and SEPLAT (-1.3%) weighing down the bourse. Consequently, the ASI ended the session 0.4% lower to 145,300.01 points with the Month-to-Date and Year-to-Date returns moderating to +3.9% and +41.2%, respectively. The total […]
Author: InvestAdvocate
Activity Rises Despite Market Drop
August 14, 2025/United Capital Report Equities Market Summary Today, the Nigerian Stock Exchange Market closed on a negative note following share price depreciation in DANGSUGA (-7.89%) and TRANSCOR (-2.34%). As a result, the benchmark All-Share Index (NGX-ASI) fell by 0.34% to close at 145,367.03 points. Year to date returns remained […]
Airtel Africa Plc Q1-26 Update: Robust Earnings Outlook Drives Target Price Upgrade
August 14, 2025/Cordros Report In this note, we update our 2026E outlook for Airtel Africa Plc (AIRTELAFRI) following the release of their Q1-26 financial results. The company delivered robust performance during the period, posting revenue growth of 22.4% y/y, EBITDA margin expansion of 276bps y/y to 48.0%, and a sharp […]
