Investors Bite

Bargain Hunting in AIRTELAFR Drives Nigerian Stocks to +0.5% Gain

July 18, 2024/Cordros Report EQUITIES   The domestic stock market reversed yesterday’s loss, as bargain hunting in AIRTELAFRI (+4.8%) drove the All-Share Index higher by 0.5% to 100,503.21 points. As a result, the Month-to-Date and Year-to-Date returns increased to +0.5% and +34.4%, respectively.   The total volume traded declined by […]

Bulls Re-Emerge as NGXASI Up by +47bps, Investors Gain N262.82Bn

— NGXASI stands at +34.41% (YTD); Naira appreciated by 0.94% to close at N1,566.82 July 18, 2024/Futureview Research Click here to download the full report. EQUITIES MARKET: Bulls re-emerged in the Nigerian Equities market at the end of the session today, propelling the day’s session to end in the green […]

PAC Capital Closes $443Million Deal for Etu Energias to Acquire Galp’s Stake in Offshore Angola Blocks

This acquisition significantly enhances Angola’s energy security by empowering local companies to own strategic petroleum assets, thereby strengthening the nation’s energy sector July 17, 2024/PAC Capital Limited PAC Capital Limited (“PAC Capital”), the investment banking arm of PanAfrican Capital Holdings, is thrilled to announce the successful completion of a US$443 […]