Investors Bite

MIDAY UPDATE: Nigerian Stocks Appreciates +0.64% Boosted by MTNN, Consumer Goods Counters

November 10, 2021/InvestmentOne Update ASI as at 12.00pm: +0.64% Market movers: NEIMETH (+10.00%), MULTIVERSE (+10.00%), REDSTAREX (-9.86%), and CHIPLC (-8.33%). Sector Performances:, Consumer Goods (+0.08%), Banking (-0.80%), Industrial, and Oil and Gas. Market activity: In today’s trade, total volume and value decreased by 65% and 57% respectively, compared to this time yesterday, as investors have traded about 54million units of shares worth N498 million. TRANSCORP is the most […]

Nigerian Stocks Gain +1.15 to Sustain Bullish Momentum buoyed by MTNN,AIRTEL

November 9, 2021/Cordros Report EQUITIES The domestic bourse sustained yesterday’s positive trading, as the All-Share Index advanced by 1.1% to 43,730.55 points. Today’s performance was supported by sustained buying interest in large caps — MTNN (+3.9%) and AIRTELAFRI (+2.6%). Consequently, the Month-to-Date and Year-to-Date gains increased to +4.0% and +8.6%, […]

Nigerian Equities Starts Week Bullish +2.9%, Driven by Telecoms Giants

November 8, 2021/Cordros Report EQUITIES Trading in the Nigerian equities started the week with bullish sentiments, as investor’s significant buying activities in bellwether stocks – MTNN (+9.2%) and AIRTELAFRI (+10.0%) drove the benchmark index higher by 2.9% to 43,246.87 points – the highest single-day gain since 12th November 2020 (+6.2%). […]