Investors Bite

Bears Resurface as Nigerian Stocks Loss -0.5% on Selloffs in MTNN

September 26, 2024/Cordros Report EQUITIES Bearish sentiments resurfaced in the domestic equities market, as sell pressures in MTNN (-4.4%) drove the All-Share Index lower by 0.5% to 98,523.56 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to +2.0% and +31.8%, respectively. The total volume of trades declined by 42.9% to 344.36 […]

NGXASI Dips -0.47%, Dragged by GTCO, MTNN, OKOMUOIL

September 26, 2024/InvestmentOne Report The NGXASI declined today by 0.47% to close at 98,987.42pts as the selloffs observed in MTNN (-4.40%), OKOMUOIL (-7.63%) and GTCO (-1.80%) which drove the local equities market into the negative region. In the fixed income space, the Treasury Bills secondary market closed downwards driven by the negative sentiment […]

Nigerian Equities Sustain Bullish Run, Gains +0.4% on SEPLAT Interest

September 25, 2024/Cordros Report EQUITIES The Nigerian equities market maintained its winning streak in today’s session underpinned by investors’ demand for SEPLAT (+10.0%). Precisely, the NGX ASI inched higher by 0.4% to close at 98,987.42 points. Accordingly, the MTD and YTD gains advanced to +2.5% and +32.4%, respectively. The total […]