June 14, 2023/Cordros Report EQUITIES The domestic bourse extended its bullish momentum following positive reactions to perceived currency reforms by the new administration. Notably, sustained bargain hunting in MTNN (+10.0%) and Tier-1 banking names triggered a 3.1% increase in the benchmark index. Thus, the All-Share Index closed at 59,985.10 points. […]
Investors Bite
Intraday Update: NGXASI Gains +2.36% Buoyed by Bellwether Counters
June 14, 2023/InvestmentOne Update ASI as at 12.00pm: +2.36% Top Gainers and Losers: INTBREW (+10.00%), TRANSCHOT (+9.99%), CORNERST (-9.65%) and PHARMDEKO (-9.65%). Sector Performances: Banking (+25.32%), Oil and Gas (+9.38%), Consumer Goods (+3.01%) and Industrial (+0.79%). Market activity: In today’s trade, total volume and value decreased by 18% and 23%, respectively […]
Investors harvest 140% return from Dangote Cement
June 12, 2023 by Godfrey Obioma Investors who took positions in Dangote Cement’s stock in 2020 and exited June 31, 2023 harvested 140.26 per cent returns through capital appreciation and 11.11 per cent in H1- 23. This excludes dividend payment which has remained consistently impressive. In response to the economic […]
