Investors Bite

MIDDAY UPDATE: Nigeria Stocks Decline -0.53%, Dragged by Losses in Banking Sector, MTNN

March 31, 2021/InvestmentOne Update ASI as at 12.00pm: -0.53%. Market movers:  MBENEFIT (-9.09%),  DAARCOMM (-8.70%), LINKASSURE (+10.00%) and PRESTIGE (+9.76%). Sector Performances: Banking (-0.42%),  Consumer Goods (+0.04%), Industrial (+0.01) and Oil and Gas. Market activity: In today’s early trade, while total volume dipped by 53%, total value rose by  13% compared […]

Dangote Cement Drags Nigerian Equities Down -0.6% Amid Renewed Bearish Run

March 30, 2021/Cordros Report EQUITIES Trading in the Nigerian equities market turned negative today, as investors took profits on DANGCEM (-4.0%). Consequently, the All-Share Index declined by 0.6% to 39,267.11 points. Accordingly, Month-to-Date and Year-to-Date losses increased to -1.3% and -2.5%, respectively. The total volume of trades decreased by 35.6% […]

MIDDAY UPDATE: Nigerian Stocks Rise +0.06% on Gains in Banking, Consumer Goods Sectors

March 30, 2021/InvestmentOne Report ASI as at 12.00pm: +0.06%. Market movers:  COURTVILLE (+9.09%), WAPIC (+5.77%), PRESTIGE(-8.89%)  and JAPAULGOLD(-8.89%).  Sector Performances: Banking (+0.71%),  Consumer Goods (+0.06%), Industrial and Oil and Gas. Market activity: In today’s early trade, total volume and  total value decreased by about 62% and 87% compared to this […]