The domestic bourse edged higher this week as the reforms of the new administration continued to spur an unprecedented rally in the market. Precisely, the All-Share index rose by 5.5% to 59,000.96 points, supported by strong interest in MTNN (+9.6%) and AIRTELAFRI (+7.8%). June 16, 2023/Cordros Report Global Economy In […]
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NGX Pause Bullish Trend Dips -1.3% Dragged by MTNN, Tier-1 Banks
June 15, 2023/Cordros Report EQUITIES The Nigerian equities market paused its upward trend following profit-taking activities in MTNN (-3.8%) and some Tier-1 banking stocks. Consequently, the All-Share Index declined by 1.3% to 59,195.21 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to +6.1% and +15.5%, respectively. The total volume […]
Nigerian Bourse Close Northwards +3.13% Buoyed by Blue-Chips, Change in FX Policy
June 14, 2023/InvestmentOne Update The local equities market jumped by 3.13% as the NGX-ASI settled at 59,985.10pts. In today’s trade, market breadth index was broadly positive with 70 gainers against 13 losers. DANGSUGAR (+10.00%) was the top gainer today, while PHARMDEKO (-9.65%) led the losers. UBA (+9.55%) was the most actively […]
