Investors Bite

NGX Benchmark Index Remains Flat at 39,251.29 Points

September 7, 2021/Cordros Report EQUITIES Mixed trading persisted in the Nigerian equities market for most of the day, despite profit-taking activities in some banking stocks – GTCO (-0.9%), ETI (-4.6%), and UBA (-4.2%). Thus, the All-Share Index was unchanged at 39,251.29 points. Accordingly, Month-to-Date and Year-to-Date returns printed +0.1% and […]

MIDDAY UPDATE: Nigerian Stocks Gain +0.01% Driven by Banking, Oil $ Gas Counters

September 7, 2021/InvestmentOne Update ASI as at 12.00pm: +0.01%. Market movers: OANDO (+6.02%), VERITASKAP (+4.35%), UACN (-8.64%) and WEMABANK (-5.95%)    Sector Performances: Oil and Gas (+1.00%), Banking (+0.02%), Consumer Goods (-0.02%) and Industrial Market activity: In today’s trade, total volume and value increased by about 11% and 39% respectively compared […]

Nigerian Bourse Starts Week Bearish, Benchmark Index Flat at 39,252.98 Points

September 6, 2021/Cordros Report EQUITIES The domestic bourse started the week’s trading with mixed sentiments albeit with a bearish tilt, as profit-taking activities witnessed in STANBIC (-1.4%), UBA (-1.9%), and FLOURMILL (-4.2%) undermined the market’s performance. Thus, the All-Share Index traded flat at 39,252.98 points. Accordingly, Month-to-Date and Year-to-Date returns […]