July 25, 2022/Cordros Report EQUITIES Activities in the domestic equities market resumed the week on a sour note, as investors took profit off MTNN (-6.7%). Thus, the All-Share Index settled lower at 51,400.53 points, declining by 1.1%. Accordingly, the Month-to-Date loss settled at -0.8%, while the Year-to-Date return moderated to […]
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Sovereign Trust Proposes Rights Issue of 2.84 Billion Ordinary Shares at N1.50k per Share
July 22, 2022/NGX Sovereign Trust Insurance Plc has through its Stockbroker, Cordros Securities Limited, submitted an application to Nigerian Exchange Limited (NGX) for the approval and listing of a Rights Issue of 2,841,124,000 ordinary shares of Fifty Kobo each at N0.50 per share, on the basis of one (1) new […]
Bears Back as Bellwether Counters Drag NGXASI to -0.5% Weekly Loss
The bears resurfaced in the local bourse this week as the All-Share Index dipped by 0.5% w/w to close at 51,979.92 points. Notably, profit-taking activities witnessed in NB (-10.9%), INTBREW (-6.9%), WAPCO (-6.7%), and ZENITHBANK (-6.5%) stocks led the weekly loss. July 22, 2022/Cordros Report Global Economy According to the […]
