October 20, 2022/Cordros Report EQUITIES The domestic equities market traded marginally higher in today’s session as the All-Share Index notched a 3bps gain to 44,332.21 points. Today’s performance was supported by bargain-hunting in STANBIC (+3.6%). Accordingly, the Month-to-Date and Year-to-Date returns were unchanged at -9.6% and +3.8%, respectively. The […]
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Nigerian Stocks Close Bearish -2.3% Dragged by AIRTELAFRI
October 19, 2022/Cordros Report EQUITIES The local bourse closed on a bearish note for the third consecutive session, as the selloff of top telecommunication player — AIRTELAFRI (-10.0%) persisted. As a result, the All-Share Index dipped by 2.3% to close at 44,318.15 points. Accordingly, the Month-to-Date loss rose to […]
Low Sales at DMO’s Auction Marred by Low Participation
October 19, 2022/FBNQuest The Debt Management Office’s (DMO) monthly bond auction which was held on Monday this week fell far short of the agency’s target. As usual, the DMO sought to raise NGN225bn, split equally across three maturities – the Apr ’29, Apr ‘32, and Apr ’37 maturities. It ended […]
