Investors Bite

Nigerian Stocks Head Northwards Up+0.11% on Banking, Consumer Goods Gains

November 16, 2022/InvestmentOne Update ASI as at 12.00pm: +0.11% Market movers: CORNERST (+10.00%), CHAMS (+8.70%), ROYALEX (-9.09%) and COURTVILLE (-8.00%). Sector Performances: Consumer Goods (+0.26%), Banking (+0.14%), Oil and Gas (-0.23%) and Industrial. Market activity: In today’s trade, total volume and value increased by 17% and 220% respectively, compared to […]

WAPCO Drags Down NGX Indices Further into Bearish Territory -0.2%

November 15, 2022/Cordros Report EQUITIES   Bearish sentiments persisted in the local bourse as the NGX ASI dipped marginally by 2bps to close at 43,808.25 points. Today’s market performance was driven by the late sell-off on WAPCO (-9.7%) stocks. Consequently, the Month-to-Date loss and Year-to-Date gain remained at -0.1% and […]

NGX-ASI Begins Week Red, Dips -0.34% Dragged by MTNN

November 14, 2022/Cordros Report EQUITIES   The Nigerian equities market resumed the week on a bearish note as profit-taking activities on MTNN (-2.4%) underpinned today’s performance. As a result, the All-Share Index dipped by 0.3% to 43,818.12 points. Consequently, the Month-to-Date loss and Year-to-Date gain settled at -0.1% and +2.6%, […]