September 18, 2024/Cordros Report EQUITIES The domestic bourse extended its bullish momentum in today’s session as gains in GEREGU (+9.5%), FBNH (+6.3%), and OANDO (+6.1%) lifted the All-Share Index higher by 0.6% to 98,230.92 points. Thus, the Month-to-Date and Year-to-Date returns settled higher at +1.7% and +31.4%, respectively. The total […]
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Nigerian Breweries CEO Attributes N328Bn Debt to Volatile Economic Conditions
September 17, 2024 By Chukwuma Kelechi InvestAdvocate Lagos (INVESTADVOCATE)-Hans Essaadi, the Managing Director and Chief Executive Officer of Nigerian Breweries Plc, has attributed the company’s staggering N328 billion debt to the foreign exchange fluctuations resulting from the instability of Nigeria’s business environment. He emphasized the challenges this volatility has posed […]
Intraday Update: Nigerian Stocks Gain +0.42%, Driven by Bellwether Counters
September 18, 2024/InvestmentOne Update ASI as at 12.00pm: +0.42% Top Gainers and Losers: HONYFLOUR (+9.96%), MEYER (+9.95%), NNFM (-10.00%) and BERGER (-9.81%). Sector Performances: Oil & Gas (+0.22%), Banking (-0.99%), Consumer Goods (-0.07%) and Banking (-0.02%). Market activity: In today’s trade, total volume moderated by 14% while total value rose […]
