August 21, 2020/InvestmentOne Report The Nigerian equities market closed up today as NSE-ASI inched up by 0.07% to close at 25,221.87pts. Similarly, the market gained 0.09% WTD. In today’s trade, market breadth index was positive with 20 gainers against 12 losers. LASACO (+10.00%) led the gainer’s chart today, while ABCTRANS (-6.98%) was the top loser. ZENITHBANK (-0.59%) was the most actively traded stock with about 19million units […]
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Conoil Plc Still Holds Value Despite Plunged Profit
August 21, 2020/Cowry Asset Conoil Plc churned out weaker operating performance in H1 2020 as its revenue was hard hit amid strict restrictions on movements, particularly at the inception of Q2 2020, due to COVID-19 pandemic fears. Despite Conoil’s liquidity issues, declining revenue and possible lower profit which may lead […]
MIDDAY UPDATE: Nigerian Stocks Gain +0.24%, Boosted by Banking, Consumer Goods Names
August 21, 2020/InvestmentOne Update ASI as at 12.00pm: +0.24%. Market movers: CHAMPION (+9.86%), INTBREW (+9.09%), CUTIX (-9.37%), and ABCTRANS (-6.98%). Sector Performances: Consumer Goods (+1.01%), Banking (+0.77%), Industrial (-0.01%) and Oil & Gas. Market activity: In today’s early trade, while total volume declined by 34%, total value increased by 101%, compared to this time yesterday, as investors have traded about 48million units of shares worth about N626million. ZENITHBANK (+0.30%) is the […]
