Investors Bite

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

June 9, 2021/US SEC The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 55 soliciting entities, four (4) impersonators of genuine firms, and five (5) bogus regulators. The SEC’s list of soliciting entities that […]

NGX Sustains Bullish Momentum Gains +0.7% on Bargin Hunting in Dangote Cement

June 9, 2021/Cordros Report EQUITIES The domestic bourse sustained yesterday’s bullish momentum, following bargain hunting in DANGCEM (+2.2%). Thus, the benchmark index edged higher by 0.7% to 39,170.95 points. Consequently, Month-to-Date gain increased to 1.9%, while Year-to-Date loss moderated to -2.7%. The total volume of trades decreased by 16.9% to […]

NGX Indices Turn Positive +0.5% Buoyed by DANGCEM, FLOURMILLS, OKOMUOIL

June 8, 2021/Cordros Report EQUITIES Sentiments in the domestic bourse turned positive as the All-Share Index advanced by 0.5% to 38,881.70 points, largely driven by investors’ demand for OKOMUOIL (+10.0%), DANGCEM (+2.3%) and FLOURMIL (+2.5%). Accordingly, Month-to-Date gain increased to +1.2% while Year-to-Date losses moderated to -3.5%. The total volume […]