Investors Bite

MIDDAY UPDATE: Nigerian Stocks Gain +0.31%, Driven by Banking, Consumer Goods Counters

August 31, 2022/InvestmentOne Update ASI as at 12.00pm: +0.31% Market movers: GUINNESS (+9.88%), CAVERTON (+9.62%), SOVRENINS (-7.14%) and UPDCREIT (-7.04%). Sector Performances: Consumer Goods (+1.88%), Banking (+0.48%), Oil and Gas (-0.77%) and Industrial. Market activity: In today’s trade, total volume and value increased by 555% and 37% respectively compared to […]

MTNN Drags Nigerian Equities to Extend Losses -0.1%

August 30, 2022/Cordros Report EQUITIES Profit-taking activities continued today in the domestic equities market, with MTNN (-0.5%) weighing down the bourse. Thus, the All-Share Index declined by 0.1% to 49,642.69 points. Consequently, the Month-to-Date and Year-to-Date returns printed -1.4% and +16.2%, respectively. The total volume traded declined by 45.9% to […]

NGX Records Marginal Loss of -0.01%, Dragged by Nigerian Breweries

August 29, 2022/Cordros Report EQUITIES Activities in the domestic equities market resumed the week with bearish sentiments as a loss in NB (-2.9%) undermined the market’s performance. Thus, the All-Share Index declined by 1bp to close at 49,676.75 points. Accordingly, the Month-to-Date loss and Year-to-Date gain settled at -1.4% and […]