February 2, 2023/Cordros Report EQUITIES Positive trading persisted in the domestic bourse as bargain buying in MTNN (+3.9%) and SEPLAT (+9.5%) spurred a 0.9% gain in the All-Share Index to 53,998.12 points. Consequently, the Month-to-Date and Year-to-Date returns advanced to +1.4% and +5.4%, respectively. The total volume traded increased by […]
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Intraday Update: Nigerian Stocks Head North +0.07%, Driven by Oil & Gas Sector
February 2, 2023/InvestmentOne Update ASI as at 12.00pm: +0.07% Market Mover: GEREGU (+3.10%) Top Gainers and Losers: MRS (+10.00%), NNFM (+9.88%), SUNUASSUR (-8.11%) and CHIPLC (-7.35%). Sector Performances: Oil and Gas (+0.21%), Banking (-0.33%), Consumer Goods and Industrial. Market activity: In today’s trade, total volume decreased by 20% while […]
Another successful bond auction for the DMO
February 1, 2023/Coronation Research The DMO held its monthly auction of FGN Bonds on Monday (30 January ’23). It offered N360.0bn (USD780.1m) but raised N662.6bn (USD1.4bn), through re-openings of the 13.98% FGN FEB 2028, 12.50% FGN APR 2032, 16.25% FGN APR 2037 and 14.80% APR 2049 FGN bonds. The participation […]
