Investors Bite

GTCO Drives Nigerian Stocks to +0.03% Gain

February 22, 2022/Cordros Report EQUITIES Trading in the Nigerian equities market was moderately positive in today’s session, as the All-Share Index scored a 3bps gain to close at 47,246.90 points. Precisely, investors’ interest in GTCO (+1.3%) supported market performance amid sell-offs of GUINNESS (-5.3%). Consequently, the Month-to-Date and Year-to-Date returns […]

MIDDAY UPDATE: Nigerian Stocks Gains +0.03% Driven by Bellwether Counters

February 22, 2022/InvestmentOne Update ASI as at 12.00pm: +0.03% Market movers: RTBRISCOE (+9.09%), MULTIVERSE (+8.70%), ELLAHLAKES (-9.88%) and COURTVILLE (-5.56%). Sector Performances: Oil and Gas (+0.16%), Banking (+0.04%), Industrial (+0.01%) and Consumer Goods (-0.41%). Market activity: In today’s trade, total volume and value decreased by 28% and 13% respectively, compared to this time yesterday, as investors have traded about 136million units of shares worth N1.41billion. UCAP is the most actively […]

INTBREW, GUINNESS Drives Nigerian Bourse to +0.2% Gain to Start Week

February 21, 2022/Cordros Report EQUITIES   The domestic bourse kicked off the week on a positive note supported by investors’ demand for INTBREW (+6.7%) and GUINNESS (+5.7%) stocks. Thus, the All-Share Index advanced by 0.2% to 47,233.91 points. Accordingly, the Month-to-Date and Year-to-Date returns increased to +1.3% and +10.6%, respectively. […]