January 23, 2023/United Capital Research Macro Highlight and Outlook The National Bureau of Statistics (NBS) released the Consumer Price Index (CPI) data for Dec-2022. According to the report, Nigeria’s headline inflation slowed to 21.34% y/y, for the first time in ten months, from 21.47% y/y in Nov-2022. On a monthly […]
Investors Bite
NGXASI Closes Week Higher +0.2%, Driven by Bellwether Counters
The domestic bourse traded marginally higher this week, as investors continued to take positions in bellwether names – AIRTELAFRI (+3.9%) and PRESCO (+9.7%) – despite sell pressures on DANGCEM (-1.9%). Accordingly, the All-Share Index inched higher by 0.2% w/w, settling at 52,601.14 points. January 20, 2023/Cordros Report Global Economy According […]
Banking, Industrial Counters Drive Equities to 0.02% Gain
January 19, 2023/Cordros Report EQUITIES Trading in the Nigerian equities market was moderately positive in today’s session, as the All-Share Index notched a 2bps gain to 52,626.42 points. Precisely, investors’ interests in WAPCO (+1.0%) and DANGSUGAR (+1.8%) supported the market performance amid sell-offs of INTBREW (-5.1%). Consequently, the Year-to-Date return […]
