Investors Bite

Nigerian Stocks Post Nine Straight Daily Gain, Appreciates +0.87%

May 7, 2020/InvestmentOne Report The Nigerian equities market closed up today as NSE-ASI gained 0.87% to close at 24,354.25pts. In today’s trade, market breadth index was slightly positive with 21 gainers against 20 losers. ROYALEX (+10.00%) was the top gainer while LINKASSURE (–8.33%) led the losers’ chart. FBNH (-4.08%) was the most actively traded stock with about 116million units of shares worth about N543million. Sector Performance ·         NSE Consumer […]

Nigerian Bourse Records Eight Straight Daily Gain, Driven by DANGCEM, Tier-1 Banks

May 6, 2020/Cordros Report EQUITIES The domestic bourse recorded its 8th consecutive daily gain after today’s trading, as investors’ interest in some Tier 1 bank names, NB (10.0%) and DANGCEM (+0.6%) spurred today’s gain. Thus, the All-Share Index increased by 1.4% to 24,143.37 points. Accordingly, Month-to-Date gain increased to 4.9%, […]

Nigerian Equities Market Rises by 3.12% on Sustained Bargain Hunting

May 5, 2020/Cordros Report EQUITIES The domestic bourse maintained its upward trend, as interest in bellwether stocks – DANGCEM (+10.0%), MTNN (+3.5%) and NESTLE (+6.0%) – caused a consecutive daily gain in the market. Consequently, the All-Share Index increased by 3.1% to 23,809.31 points. Accordingly, the Month-to-Date gain increased to […]