June 1, 2021/SEC Nigeria The attention of the Commission was drawn to the proposed launch of a Crowdyvest Halal Fund by Crowdyvest an unregistered entity purporting to operate as a corporative society. The Commission has since issued a Cease and Desist Order to Crowdyvest to stop the launch and operations […]
Investors Bite
BUACEMENT, MTNN Drives Nigerian Stocks Up +0.5% to Open Week Green
May 31, 2021/ Cordros Report EQUITIES Trading in the domestic bourse opened the week positively, as the All-Share Index advanced by 0.5% to 38,437.88 points. The performance was driven by late interests in BUACEMENT (+2.8%) and MTNN (+1.0%) stocks. Accordingly, the Month-to-date and Year-to-Date losses moderated to -3.5% and -4.6%, […]
Investment Recommendation – NEM Insurance Plc
May 31, 2021/Cowry Asset Report In FY 2020, NEM Insurance remained profitable and registered an average performance rating of “Bb” amid the 2020 pandemic (slightly below its historical above-average ”BB” performance). This, coupled with an upside potential of 17.32% on its share price, informed our “MODERATE BUY” recommendation. NEM Sustains […]
