July 9, 2024/Cordros Report EQUITIES The domestic stock market continued its descent as profit taking activities in GTCO (-4.2%) caused a 0.2% decline in the benchmark index. Consequently, the All-Share Index settled at 99,805.95 points, with the Month-to-Date and Year-to-Date returns moderating to -0.3% and +33.5%, respectively. The total volume […]
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NGXASI Dips -0.20%, Dragged by Banking Counters
July 9, 2024/IMFBlog The NGXASI declined by 0.20% today to close at 99,805.95pts, as the losses printed in GTCO (-4.21%), UBA (-2.74%) and ETI (-3.86%) drove the local equities market into the negative territory. In the fixed income space, the Treasury Bills secondary market exhibited a bearish performance as yields increased across […]
The Glorious Dividend: Reinvesting Dividends for Superior Returns
July 8, 2024/Coronation Research For many Nigerian investors, dividends are a welcome reward for their trust in a company. They represent a portion of a company’s profit shared directly with shareholders. But what if we told you there is a strategy to turn this reward into an even greater return? […]
