Mainly, sell pressures on GTCO (-3.9%), TRANSCORP (-1.0%), SEPLAT (-1.7%) and UBA (-4.0%) drove the All-Share Index lower by 0.4% w/w. July 12, 2024/Cordros Report Global Economy According to the Bureau of Labor Statistics (BLS), the United States headline inflation maintained its downtrend for the third consecutive month, coming in […]
Investors Bite
United Capital Weekly Pan African Monitor Friday 12-July-2024
July 12, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria Credit to government rises by N8.4 trillion in May 2024, dwarfs private sector credit growth Credit to the government surged by 30.0% (N8.4trn) from N19.98trn in April to N28.38trn in May-2024. On a y/y basis, credit to government decreased by […]
Intraday Update: Nigerian Stocks Gain +0.27%, Buoyed by Blue Chips
July 12, 2024/InvestmentOne Update ASI as at 12.00pm: 0.27% Top Gainers and Losers: CUTIX (+10.0%), LEARNAFRICA (+10.00), STERLINGNG (-10.00%) and AIICO (-4.46%). Sector Performances: Oil & Gas (+3.26%), Industrial (+0.01%), Consumer Goods (+0.03%) and Banking (-0.17%). Market activity: In today’s trade, total volume increased by 57% while total value decreased by 33%, when compared […]
