Local stocks closed in the green territory despite pressure from profit-taking activities during the week. Pertinently, the All-Share Index ended the week 0.7% higher, settling at 50,722.33 points. August 5, 2022/Cordros Report Global Economy The United States (US) private sector activity weakened at a solid pace in July, decreasing to […]
Investors Bite
MIDDAY UPDATE: Nigerian Stocks Head Northward +0.06% on Gains Across Sectors
August 5, 2022/InvestmentOne Update ASI as at 12.00pm: +0.06% Market movers: MULTIVERSE (+9.94%), JAPAULGOLD (+9.68%), REGALINS (-7.41%) and LEARNAFRICA (-5.98%). Sector Performances: Banking (+0.63%), Oil and Gas (+0.20%), Consumer Goods (+0.01%) and Industrial. Market activity: In today’s trade, total volume and value decreased by 17% and 7% respectively, compared to […]
Low Production to Continue to Limit Gains
August 5, 2022/CSL Research According to news reports, the Organisation of Petroleum Exporting Countries (OPEC) on Wednesday raised Nigeria’s crude oil production quota for September 2022 to 1.83mbpd from 1.826mbpd in August. For several months, Nigeria has failed to meet its OPEC quota, blaming massive oil theft, the inability to […]
