August 22, 2022/Cordros Report EQUITIES Trading activities in the local bourse resumed this week on a negative note as investors took profits off ETI (-5.7%) stock. Thus, the All-Share Index shed 0.1% to close at 49,344.67 points. Consequently, the Month-to-date loss increased to 2.0%, while the Year-to-Date gain moderated to […]
Investors Bite
A Further Decline in Activity Level in July
August 22, 2022/CSL Research The bearish sentiments in the Nigerian equities market extended into the month of July as the All-Share Index (ASI) lost 2.8%, the third monthly loss year to date. This pulled the ytd gain to 17.9% in July from 21.3% in June and 25.6% in May 2022. […]
United Capital Research Investment Views This Week 22nd August 2022 to 26th August 2022
August 22, 2022/United Capital Research Macro Highlight and Outlook The National Bureau of Statistics (NBS) published the Consumer Price Index (CPI) report for Jul-22. Headline inflation rose 104bps to 19.6% for the month, the highest level since Jan-2017, with the inflation basket expanding 1.8% m/m. Food inflation rose to 22.0% […]
