Investors Bite

Bearish Performance Persists as NGXASI Dips -0.1%, Dragged by WAPCO, INTEBREW

July 21, 2022/Cordros Report EQUITIES   Sentiments remained bearish in the domestic equities market, as losses in INTBREW (-9.2%) and WAPCO (-1.9%) caused a 0.1% decline in the benchmark index. Thus, the All-Share Index closed at 52,122.00 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to +0.6% and +22.0%, respectively. […]

MIDDAY UPDATE: Nigerian Stocks Inch Up +0.01%, Driven by Banking Sector

July 21, 2022/InvestmentOne Update ASI as at 12.00pm: +0.01% Market movers: LEARNAFRICA (+4.00%), MULTIVERSE (+3.93%), CAVERTON (-8.80%) and JAIZBANK (-6.59%). Sector Performances: Banking (+0.02%), Oil and Gas (-0.06%), Consumer Goods (-0.04%) and Industrial. Market activity: In today’s trade, total volume and value decreased by 38% and 42% respectively, compared to […]

PepsiCo Issues New $1.25 Billion 10-Year Green Bond

—–As Compnay Accelerates PEP+Transformation July 20, 2022/PepsiCo PepsiCo, Inc. (NASDAQ: PEP) PepsiCo announced the closing of a new $1.25 billion 10-year Green Bond.  The Company will use an amount equivalent to the net proceeds from the offering to fund Eligible Green Projects which will focus on its pep+ (PepsiCo Positive) agenda – […]