Notably, sell offs in WAPCO (-11.2%), ZENITH (-4.4%), NESTLE (-3.7%) and DANGCEM (-2.5%) drove the weekly loss. February 5, 2021/Cordros Report Global economy Factory activities in the U.S. expanded slowly in January 2021, after rising to a two-and-a-half-year high in December amid the continued surge in new COVID-19 infections. According […]
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Bearish Sentiment Continues as NSE-ASI Sheds -0.18%, as Week-to-Date Declines -1.66%
February 5, 2021/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI lost 0.18% to close at 41,709.09pts. In the same vein, the Index lost 1.66%WTD. Similarly, market breadth index was negative with 14 gainers against 37 losers. NNFM (+9.77%) led the gainer’s chart today, while PORTPAINT (-10.00%) was the top loser. UBN […]
Nigerian Bourse Sustains Bearish Run 0.51% Fourth Straight Session, Dragged by Bellwether
February 4, 2021/Cordros Report EQUITIES The local bourse sustained its negative run, as profit-taking in bellwethers – DANGCEM (-2.5%), ZENITHBANK (-0.7%) and UBA (-1.1%) prompted a fourth consecutive loss in the NSE All-Share Index. Pertinently, the benchmark index declined by 0.5% to 41,785.80 points. Sequentially, the Month-to-Date loss increased to […]
