December 23, 2024/Cordros Report EQUITIES The Nigerian stock market commenced the week on a positive note as gains in TRANSCORP (+4.8%), GTCO (+3.1%), and MTNN (+1.4%) caused a 0.2% increase in the benchmark index to 101,365.15 points. Consequently, the Month-to-Date and Year-to-Date returns settled at +4.0% and +35.6%, respectively. The […]
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Equities Market Preview & Review
December 23, 2024/CSL Research The equities market closed last week in the green zone, as the All-Share Index (ASI) increased by 176bps week-on-week (w/w) to close at 101,129.09 points. This brought the Year-to-Date (YTD) return of the ASI to 35.25% with gains in four out of five trading sessions for […]
Nigerian Equities Close Third Straight Week Higher +1.8% on Oil & Gas Interest
The Nigerian equities market closed higher for the third consecutive week, as bargain-hunting in ARADEL (+20.7%) following ministerial consent for the acquisition of Shell Petroleum Development Company (SPDC) by Renaissance Africa Energy Limited, as well as strong performances by GTCO (+7.7%), and TRANSCOHOT (+9.4%) caused the All-Share Index (ASI) to […]
