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Profit-Taking in GEREGU Drags Nigerian Bourse Lower -0.02%

October 13, 2022/Cordros Report EQUITIES Bearish sentiments continued today in the domestic equities market following profit-taking activities in GEREGU (-9.0%). As a result, the All-Share Index dipped by 2bps to close at 47,524.38 points. Accordingly, the Month-to-Date loss increased to -3.1%, while the Year-to-Date gain settled at +11.3%. The total […]

FBNH Drags Nigerian Stocks -0.1% to Offset Previous Session Gains

October 12, 2022/Cordros Report EQUITIES The local bourse reversed yesterday’s gains, closing lower by 0.1% as investors sold off FBNH (-2.1%). Thus, the All-Share Index settled at 47,531.84 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -3.0% and +11.3%, respectively. The total volume traded increased by 23.5% to 155.18 […]

BUACEMENT Drives Nigerian Stocks to +0.05% Gain

October 11, 2022/Cordros Report EQUITIES Activities in the domestic equities market resumed the week on a positive note as the All-Share Index notched a 0.5% increase to close at 47,565.92 points. The positive performance was supported by bargain-hunting in BUACEMENT (+8.7%). Accordingly, the Month-to-Date and Year-to-Date returns settled at -3.0% […]