May 8, 2025/Cordros Report EQUITIES The bulls continued to dominate the Nigerian equities market as buying interest in DANGCEM (+1.9%) and TRANSCOHOT (+8.6%) drove a 0.4% increase in the benchmark index to 109,231.96 points. Accordingly, the Month-to-Date and Year-to-Date returns improved to +3.4% and +6.1%, respectively. The total volume of […]
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Intraday Update: Nigerian Stocks Inch Up +0.14%, Buoyed by Blue Chips
May 8, 2025/InvestmentOne Update ASI as at 12.00pm: +0.14% Top Gainers and Losers: CILEASING (+9.87%), ACADEMY (+9.78%), LEGENDINT (-8.50%) and REGALINS (-8.33%). Sector Performances: Banking (+0.64%), Consumer Goods (-1.13%), Oil & Gas (-0.13%) and Industrial. Market activity: In today’s trade, total volume and value declined by 20% and 10% respectively […]
Dangote Cement Plc Q1-25 Update: We Are Now OVERWEIGHT
May 7, 2025/Cordros Report In this report, we revise our 2025E outlook on Dangote Cement (DANGCEM) following its Q1-25 results. In Q1-25, the company reported a 21.7% y/y increase in revenue, largely driven by a significant 30.5% y/y rise in prices. Revenue growth, along with a moderation in cost growth […]
