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MIDDAY UPDATE: Nigerian Stocks Gain -0.01% on Oil & Gas Counters

June 30, 2022/InvestmentOne Report ASI as at 12.00pm: +0.01% Market movers: UPL (+9.79%), MCNICHOLS (+9.73%), PRESTIGE (-7.50%) and ACADEMY (-5.98%). Sector Performances: Oil and Gas (+0.09%), Banking (-0.28%), Consumer Goods (-0.06%) and Industrial. Market activity: In today’s trade, total volume and value increased by 18% and 15% respectively, compared to […]

ETI, FBNH, GTCO Drags Nigerian Bourse to Closer Flat at 51,802.48 Points

June 29, 2022/Cordros Report EQUITIES The local bourse traded with mixed sentiments as losses in GTCO (-1.0%) and ETI (-2.7%) offset a gain in FBNH (+1.8%). Thus, the All-Share Index traded flat at 51,802.48 points with the Month-to-Date loss and Year-to-Date return unchanged at -2.2% and +21.3%, respectively. The total […]

Market Performance Tilts Negative, Index Sheds -0.3% on Bellwether Losses

June 28, 2022/Cordros Report EQUITIES   The Nigerian equities market reversed yesterday’s gains, closing lower as investors sold off on MTNN (-2.0%) stock. Thus, the NGX ASI declined by 0.3% to 51,803.98 points. Accordingly, the Month-to-Date loss increased to -2.2%, while the Year-to-Date return moderated to +21.3%.   The total […]