February 9, 2021/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI lost 0.13% to close at 41,510.16pts. However, market breadth index was flat with 23 gainers against 23 losers. CHAMPION (+10.00%) led the gainer’s chart today, while NNFM (-9.94%) was the top loser. FBNH was the most actively traded stock with about 48million […]
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Foreign Investors on the Sidelines as Capital Inflow Hits 16- Quarter Low
February 8, 2021/Cordros Report In our Q2-20 capital importation report, we expressed that the low capital importation into the country will persist in the near term until foreign investors see (1) policy action that increases their confidence in the stability and liquidity of the naira, and (2) more attractive fixed-income […]
GTBank Drags Nigerian Stocks Down -0.4% to Seventh Straight Session Loss
February 8, 2021/Cordros Report EQUITIES Nigerian equities opened the week in red, as a sell-down in GUARANTY (-8.8%) extended last week’s bearish trading for the seventh consecutive session, and pushed the All-Share Index lower by 0.4% to 41,564.31 points. Consequently, Month-to-Date loss increased to -2.0%, while the Year-to-Date gain moderated […]
