June 16, 2025/Cordros Report Lafarge Africa Plc (WAPCO) has delivered an impressive turnaround over the past twelve months, with the stock returning +152.9% in the time, driven by strong earnings growth, improved operating efficiency, attractive dividends, and investor excitement surrounding the proposed acquisition by Huaxin. Despite the rally, we believe […]
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NGXASI Dips -0.15% on Selloffs in Banking Stocks
June 16, 2025/InvestmentOne Report The NGXASI declined by 0.15% today to close at 115,258.77pts, as the selloff in banking stocks including ACCESSCORP (-8.28%), ZENITHBANK (-6.37%) and UBA (-5.67%) drove the local bourse into the red terrain. In the fixed income space, the Treasury Bills secondary market traded on a positive note, […]
Nigerian Stocks Commence Week Bearish -0.2%, Dragged by Banking Counters
June 16, 2025/Cordros Report EQUITIES The domestic equities market commenced the week on a bearish note, as the CBN’s recent forbearance directive triggered broad-based selloffs across the banking sector. Consequently, losses in ZENITHBANK (-6.4%), UBA (-5.7%), and ACCESSCORP (-8.3%) dragged the All-Share Index down by 0.2% to 115,258.77 points. Accordingly, […]
