Notably, the banks bore the brunt of the selloffs following declines in UBA (-12.1%), FBNH (-10.9%), ZENITHBANK (-8.5%) and GTCO (-6.5%). As a result, the All-Share Index declined by 0.5% w/w to close at 97,612.51 points. May 24, 2024/Cordros Report Global According to the Office for National Statistics (ONS), the […]
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Bears Forge Ahead as NGXASI Down by 37bps, Investors Loss N206.63Bn
—–NGXASI stands at +30.54% (YTD); Naira appreciated by 0.19% to close at N1, 482.81 May 24, 2024/Futureview Research Click here to download the full report. EQUITIES MARKET: Bearish sentiments prevailed in today’s trading, extending the negative momentum to close the trading week, as the All-Share Index (NGXASI) shed 0.37% to […]
NGXASI Declines -0.37%, Dragged by Banking Counters
May 24, 2024/InvestmentOne Report The NGXASI declined by 0.37% today to close at 97,612.51pts, as selloffs in the shares of FBNH (-9.31%), ETI (-9.98%) and UBA (-4.00%) drove the Nigerian equities market into the negative territory. In the fixed income space, the Treasury Bills secondary market closed positive, largely due to buy […]
