Investors Bite

NGX Up +0.1% to Record First Gain of the Week, Boosted by FBNH, MTNN

April 14, 2021/Cordros Report EQUITIES The Nigerian equities market recorded its first gain this week, as buying interests in MTNN (+0.6%) and FBNH (+2.0%) notched the All-Share Index higher by 0.1% to 38,636.15 points. Accordingly, Month-to-Date and Year-to-Date losses moderated to -1.1% and -4.1%, respectively. The total volume of trades […]

Nigerian Equities Market Rebounds by +0.09% amid Renewed Bullish Activity

April 14, 2021/Cowry Asset Report The local bourse index rose by 0.09% to close at 38,636.15 points amid renewed positive investors sentiment; albeit, the Exchange printed more losers (22) than gainers (14) at the close of trading session. Hence, the year–to–date loss of the NSE ASI fell to –4.05%. Notably, […]

GUINNESS Drags Nigerian Stocks Lower -0.3% on Profit-Taking

April 13, 2021/Cordros Report EQUITIES Negative sentiments persisted in the local bourse, as profit-taking in GUINNESS (-9.9%) dragged the All-Share Index lower by 0.3% to 38,601.83 points. Accordingly, Month-to-Date and Year-to-Date losses increased to -1.1% and -4.1%, respectively. The total volume of trades increased by 7.6% to 208.81 million units, […]