August 7, 2025/InvestmentOne Report The NGXASI advanced by 0.52% today to close at 146,569.35pts, as gains in GUINNESS (+9.98%), BUAFOODS (+8.70%) and ETI (+2.78%) drove the local bourse into the green zone. In the fixed income space, the Treasury Bills secondary market traded on a bearish note due to selloffs observed […]
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Nigerian Bourse Clsoer Higher +0.5%, Buoyed by Blue Chips
August 7, 2025/Cordros Report EQUITIES The local bourse closed higher yet again, as gains in BUAFOODS (+8.7%), GUINNESS (+10.0%) and ETI (+2.8%), drove the All-Share index higher by 0.5% to 146,570.69 points. Accordingly, the Month-to-Date and Year-to-Date returns settled higher at +4.8% and +42.4%, respectively. The total volume of trades […]
MTNN H1-25 Update: TP Upgraded on Strengthening Fundamentals
August 6, 2025/Cordros Report We update our views and estimates on MTN Nigeria Communications Plc (MTNN) following the release of its H1-25 results. As anticipated, MTNN sustained its recovery trajectory, delivering a 54.6% y/y growth in revenue and a 14.94ppts y/y expansion in EBITDA margin to 50.6%, culminating in an […]
