February 24, 2022/NGX The Nigerian Exchange has written to notify the market that VFD Group Plc has acquired 5.17% shareholding in NGX Group. Below is the release as published on the NGX website. Further to the provisions of Rule 17.13 of the Rulebook of Nigerian Exchange Limited (NGX) (Issuers’ Rules), we […]
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SEPLAT Polls Nigerian Equities Market Northward 0.1%
February 24, 2022/Cordros Report EQUITIES The Nigerian equities market reversed yesterday’s loss and traded positively, driven by investors’ interest in SEPLAT (+7.5%). Thus, the All-Share Index advanced by 0.1% to 47,272.04 points. Accordingly, the Month-to-Date and Year-to-Date returns increased to +1.4% and +10.7%, respectively. The total volume of trades […]
DANGSUGAR, GTCO Drags Market Sentiments to Negative Territory -0.01%
February 23, 2022/Cordros Report EQUITIES Sentiments in the domestic bourse turned negative, as late profit-taking activities witnessed in DANGSUGAR (-5.3%) and GTCO (-1.1%) caused a 0.1% decrease in the benchmark index. Thus, the All-Share Index closed at 42,270.27 points. Consequently, the Month-to-Date return remained at +1.3% while the Year-to-Date gain moderated to +10.5%. […]
