July 28, 2021/Cordros Report EQUITIES Trading in the local bourse ended on a bearish note, as a late sell-off of ZENITHBANK (-0.6%) undermined market performance. As a result, the NGX ASI declined by 3bps to close at 38,791.03 points. Accordingly, the Month-to-Date gain printed +2.3%, while the Year-to-Date loss remained […]
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ETF: Foreign Transactions on NGX hit 99.64% as NewGold lead as most active stock
July 27, 2021/NGX Despite FX restrictions, foreign transactions in Exchange Traded Funds (ETFs) grew by 99.64 per cent even as ten stock brokers drove 99.9 per cent of total transaction value and 97.3 per cent of total volumes of ETFs in the second quarter (Q2) of 2021. The NGX Quarterly report […]
MTNN Drives Nigerian Stocks to -0.1% Loss
July 27, 2021/Cordros Report EQUITIES Sentiments in the domestic bourse turned negative, as sell-off of bellwether stock – MTNN (-6.7%) triggered a 0.1% decline in the All-Share Index to 38,802.15 points. Consequently, the Month-to-Date gain moderated to +2.4%, while the Year-to-Date loss increased to -3.7%. The total volume of trades […]
