The fund has announced its first close on 17th of April in which it has successfully raised an equity of ~$100m April 18, 2024/Rand Merchant Bank RMB one of Africa’s leading corporate and investment banks, has invested in Acre Export Finance Fund I which targets commercial debt tranches of Export […]
Investors Bite
GTCO Drags Nigerian Stocks to -0.1% Loss, Reversing Previous Gain
April 18, 2024/Cordros Report EQUITIES The local bourse reversed yesterday’s gain as sustained profit-taking activities in GTCO (-3.9%) caused a 0.1% decline in the NGX ASI to 99,845.10 points. Accordingly, the Month-to-Date and Year-to-Date returns settled at -4.5% and +33.5%, respectively. The total volume traded declined by 11.4% to 285.90 […]
Bears Hold Sway as NGXASI Down by 6bps, Investors Loss N35.48Bn
—-NGXASI stands at +33.53% (YTD); Naira depreciated by 7.58% to close at N1,154.08 April 18, 2024/Futureview Research Click here to download the full report. EQUITIES MARKET: The domestic bourse reverted to a bearish tone today, reflecting ongoing market volatility. The NGX All-Share Index shed 6 basis points by the close […]
