——Dragged by Banking Counters Bearish sentiments continued to pervade the domestic equities market as the All-Share Index dipped by 0.4% w/w to close at 49,475.42 points. Notably, sell-offs of some banking stocks – FBNH (-5.7%), ACCESSCORP (-6.2%), UBA (-6.0%), ZENITHBANK (-1.5%) and UBN (-4.2%) – led the weekly loss. September […]
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Bearish Bias Remains Prevalent as Nigerian Stocks Dip -0.07% Dragged by Bellwether
September 15, 2022/Cordros Report EQUITIES The Nigerian equities market sustained yesterday’s bearish sentiments as profit-taking in ACCESSCORP (-2.2%) and DANGSUGAR (-2.7%) drove the All-Share Index 0.1% lower to close at 49,540.48 points. Consequently, the Month-to-Date loss and Year-to-Date gain settled at -0.6% and +16.0%, respectively. The total volume […]
Nigerian Bourse Dips -0.1% Dragged by Banking Stocks
September 14, 2022/Cordros Report EQUITIES Activities in the domestic equities market remained weak, as the All-Share Index settled lower by 0.1% to close at 49,575.93 points, driven by losses in some banking stocks – ZENITHBANK (-2.5%), UBN (-3.4%) and UBA (-1.3%). Accordingly, the Month-to-Date and Year-to-Date returns settled at -0.5% […]
