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 […]
Investors Bite
NGXASI Advance +0.59% on Bargain Hunting in Banking Counters
May 7, 2025/InvestmentOne Report The NGXASI advanced by 0.59% today to close at 109,000.19pts, as the bargain hunting in ETI (+9.86%), GTCO (+3.85%) and ZENITHBANK (+2.08%) pushed the Nigerian equities market into the green zone. In the fixed income space, the Treasury Bills secondary market traded on a positive note driven by […]
Nigerian Equities Extend Bullish Run Fourth Straight Session +0.5%
May 7, 2025/Cordros Report EQUITIES The Nigerian equities market extended its bullish run for the fourth consecutive session, buoyed by buying interest in banking stocks, including GTCO (+3.9%), ETI (+9.9%), and ZENITHBANK (+2.1%). Consequently, the All-Share Index rose by 0.5% to 108,849.83 points, bringing the Month-to-Date and Year-to-Date returns to […]
