November 16, 2020/Cordros Report EQUITIES Trading in the domestic bourse resumed with the bears dominating, following major sell-offs on Tier 1 banks, ZENITHBANK (-4.2%) and GUARANTY (-1.1%). As a result, the All-Share Index declined by 0.8% to 34,774.08 points. Accordingly, Month-to-Date and Year-to-Date gains moderated to 13.9% and 30.0%, respectively. […]
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Nigerian Equities Market Index Declines by 0.79% amid Sustained Profit Taking Activity
November 16, 2020/Cowry Asset The local Bourse resumed the week with less optimism as its ASI fell by 0.79% to close at 34,795.82points amid sustained bearish activity. Hence, the year to date gain of the NSE ASI fell to 29.63%. Similarly, the Exchange recorded 10gainers as against 42losersat the close […]
Investors Take Profit as NSE-ASI Sheds -0.86%, Gains +12.97% Week-to-Date
November 13, 2020/InvestmentOne Report The Nigerian equities market closed down today after a 5-day bullish run as NSE-ASI lost 0.86% to close at 35,037.46pts. However, the Index is up 12.97%WTD. In today’s trade, market breadth index was negative with 38 losers against 26 gainers. JAPAULOIL (+10.00%) led the gainer’s chart today, while UPL (-10.00%) was the top loser. TRANSCORP (-6.50%) […]
