May 24, 2022/Cordros Report EQUITIES The local bourse dipped further into the bear territory as investors sold off MTNN (-7.6%). Thus, the All-Share Index declined by 1.8% to 51,949.64 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to +4.7% and +21.6%, respectively. The total volume of trades increased by […]
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Nigerian Equities Market Starts Week Negative -0.1% Dragged by Industrial Counters
May 23, 2022/Cordros Report EQUITIES The domestic bourse kicked off the week on a negative note as profit-taking witnessed in PRESCO (-10.0%) caused a 0.1% decline in the benchmark index. Thus, the NGX ASI settled at 52,911.51 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to +6.6% and +23.9%, respectively. […]
Nigerian Stocks End Week Bearish -0,2% Dragged by Bellwether Counters
In line with our prognosis, the bears dictated proceedings in the local bourse as investors booked profits on bellwether stocks. Precisely, the All-Share Index shed 0.2% to close at 52,979.96 points. Particularly, profit-taking activities witnessed in the shares of FLOURMILL (-10.7%), WAPCO (-8.3%), INTBREW (-6.8%), and MTNN (-4.8%) led the […]
