Investors Bite

Daily Market Update for July 15, 2020-Cordros

July 15, 2020/Cordros Report EQUITIES The Nigerian equities market recorded its first daily gain this week, following investors’ interest in AIRTELAFRI (+3.4%), GUARANTY (+0.9%) and ACCESS (+0.8%). The All-Share Index advanced by 0.1% to 24,130.26 points. Consequently, Month-to-Date and Year-to-Date losses increased to -1.4% and -10.1%, respectively.   The total […]

NSEASI Inches Up +0.06% on Gains in Banking, Oil & Industrial Names

July 15, 2020/InvestmentOne Report The Nigerian equities market inched up today as NSE-ASI gained 0.06% to close at 24,130.26ts.  However, market breadth index was negative with 15 losers against 11 gainers. JBERGER (-9.88%) led the loser’s chart while SUNUASSUR (+10.00%) was the top gainer. STERLNBANK (+2.48%) was the most actively traded stock with about 77million units of shares worth about N96million. Sector Performances ·         NSE Banking Index: Rose by 0.37%, due to […]

MTNN, Mobil, Tier One Banks Weighs Down NSEASI by -0.4%

July 13, 2020/Cordros Report EQUITIES Trading in the domestic bourse resumed on a negative note, as selloffs across MTNN (-1.0%), MOBIL (-10.0%) and some Tier 1 bank names weighed on overall market performance. Thus, the All-Share Index declined by 0.4% to 24,200.60 points. Accordingly, Month-to-Date and Year-to-Date losses increased to […]