Investors Bite

Nigerian Bourse Extends Bullish Run, Gains +0.4% Driven by BUACEMENT

August 22, 2023/Cordros Report EQUITIES The local bourse extended yesterday’s positive sentiments as sustained interest in BUAFOODS (+7.3%) drove the All-Share Index 0.4% higher to 65,488.67 points. Consequently, the Month-to-Date and Year-to-Date returns increased to +1.8% and +27.8%, respectively. The total volume of trade increased by 26.7% to 293.46 million […]

NGXASI Advances +0.44% Driven by Consumer Goods, Industrial Sectors

August 22, 2023/InvestmentOne Report The Nigerian bourse increased by 0.44% as the NGX-ASI closed at 65,488.67pts.  In today s trade, market breadth index was negative with 26 losers against 16 gainers.  CORNERST (+9.84%) was the top gainer today, while CWG (-9.74%) led the losers.                                                                                                                 TRANSCORP (+2.28%) was the most actively traded […]

The Markets in Review: The Surprising Growth of Mutual Funds

August 22, 2023/Coronation Research In all the turmoil of 2023 there are some surprises. One of these is the health of the Mutual Fund industry, which grew its total assets under management (AUM) by 10.1% during the first seven months of the year. Better than that, the total AUM of […]