Investors Bite

Sell Pressure in Blue-Chips, Acquisition of 5.52% Stake in Transcorp Led NGXASI to Shed 1.0% Week-on-Week

The local stock market witnessed another subdued performance despite closing marginally higher on three out of the four trading sessions this week. Eventually, the All-Share Index shed 1.0% w/w April 20, 2023/Cordros Report Global Economy According to the National Bureau of Statistics (NBS) of China, the world’s second-largest economy grew […]

Nigerian Equities Market Witnesses Further Gains +0.08% Driven by Blue-Chips

April 19, 2023/Cordros Report EQUITIES The domestic equities market closed marginally higher in today’s trading session, following bargain hunting in TRANSCORP (+9.9%), INTBREW (+6.7%) and STANBIC (+3.2%). Thus, the NGX ASI inched higher by 8bps to 51,178.41 points. Accordingly, the Month-to-Date and Year-to-Date returns settled at -5.6% and -0.1%, respectively. […]

FSDH Merchant Bank Says Series 14, 15 and 16 Commercial Paper Issuance of up to N15 Billion Still Open

Image Credit: FSDH April 18, 2023/FSDH Series 14, Series 15, and Series 16 Commercial Paper (“CP”) issuances under FSDH Merchant Bank Limited’s (“FSDH MB”) ₦15 billion CP Programme is still open and scheduled to close on Thursday, 20 April 2023. FSDH MB (a subsidiary of FSDH Holding Company Limited) is […]