January 31, 2024/FSDH Capital The launch of Golden Oil Funding SPV PLC (“the Issuer”) up to ₦3.5 billion Series 2 & 3 Asset-Backed Commercial Paper Issuance (“the Transaction”) under the company’s ₦15 billion Asset-Backed Commercial Paper Programme. The proposed Issuance is for a 180-day and 270-day tenor and the notes will be listed on […]
Investors Bite
Nigerian Bourse Extends Loss, NGXASI Dips -1.9% Dragged by MTNN, Banking Counters
January 31, 2024/Cordros Report EQUITIES The domestic bourse extended yesterday’s loss as profit-taking activities on MTNN (-4.4%) and tier-1 banking stocks weighed down the bourse. Consequently, the NGX ASI declined by 1.9% to close at 101,154.13 points, with the Year-to-Date return moderating to 35.3%. The total volume traded increased by […]
Bears Resurface as NGXASI Dips -1.5% Dragged by Banking Counters
January 30, 2024/Cordros Research EQUITIES Bearish sentiments resurfaced in the local stock market after two weeks of sustained positive performance, as sell pressures on ACCESSCORP (-10.0%) and UBA (-9.7%) caused a 1.5% decline in the benchmark index. Thus, the All-Share Index settled at 103,110.15 points. Consequently, the Year-to-Date gain declined to […]
