August 2, 2023/FBNQuest Since President Tinubu’s inauguration on May 29, 2023, the Nigerian Stock Exchange (NGX) has extended its lead over its main rivals on the continent. As shown by our chart, the NGX’s remarkable +25.3% year-to-date (ytd) return has significantly surpassed the +7.8% and -5.9% ytd returns of the […]
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Bulls Reappear as NGXASI Advance +0.12% Buoyed by Industrial, Consumer Goods Sectors
August 2, 2023/InvestmentOne Report The Nigerian bourse rose by 0.12% as the NGX-ASI closed at 64,267.36pts. In today’s trade, market breadth index was positive with 31 gainers against 26 losers. ABBEYBDS (+10.00%) was the top gainer today, while THOMASWY (-10.00%) led the losers. TRANSCORP (+3.14%) was the most actively traded […]
Nigerian Equities Reverse Previous Loss, Gains +0.12% Driven by DANGSUGAR, WAPCO
August 2, 2023/Cordros Report EQUITIES After two consecutive sessions of losses, the Nigerian equities market gained marginally following bargain-hunting on DANGSUGAR (+9.9%) and WAPCO (+4.3%) stocks. Consequently, the All-Share Index advanced by 12bps to close at 64,267.36 points, while the Year-to-Date return increased to +25.4%. The total volume […]
