March 30, 2022/InvestmentOne Update ASI as at 12.00pm: 0.11% Market movers: IKEJAHOTEL(+10.00%), MEYER(+9.09%), UPDC (-9.41%), and CADBURY (-5.56%). Sector Performances: Banking (+0.18%), Consumer Goods (-0.04%), Oil and Gas and Industrial. Market activity: In today’s trade, total volume and value increased by 6% and 28% respectively, compared to this time yesterday, […]
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Nigeria’s Growing Unattractiveness to Foreign Investors
March 30, 2022/United Capital Research The National Bureau of Statistics (NBS) recently released Nigeria’s Capital Importation report for FY-2021. On a positive note, total capital imported rose 26.4% q/q and 109.3% y/y to $2.2bn in Q4-2021, from $1.7bn and $1.0bn in Q3-2021 and Q4-2020, surpassing $875.6mn in Q2-2021 and $1.9bn […]
ZENITHBANK, INTBREW, STANBIC Drags Market Indices to a Loss of -0.1%
March 29, 2022/Cordros Report EQUITIES Bearish sentiments persisted in the Nigerian equities market, as profit-taking activities witnessed in INTBREW (-10.0%), STANBIC (-2.3%), and ZENITHBANK (-1.3%) stocks caused a 0.1% decline in the benchmark index to 46,843.09 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -1.2% and +9.7%, respectively. The […]
