Investors Bite

NGX Dips -1.9% to Record Three Straight Losses as Investors Sold-Off AIRTEL

April 5, 2023/Cordros Report EQUITIES The domestic equities market recorded its third consecutive loss this week, as investors sold off AIRTELAFRI (-10.0%). Consequently, the All-Share index dipped by 1.9% to 53,018.97 points. Thus, the Month-to-Date loss increased to -2.2%, while the Year-to-Date gain fell to +3.5%. The total volume traded […]

Airtel Drags Down Nigerian Equities Market by -1.88%

April 5, 2023/InvestmentOne Report The local bourse slumped by 1.88% as the NGX-ASI settled at 53,018.97pts.  In today’s trade, market breadth index was negative with 14 losers against 11 gainers.  AIRTELAFRI (-10.00%) was the top loser, while WAPIC (+7.50%) led the gainers today.                                                                                                                   UBA (+0.60%) was the most actively traded stock […]

GTCO, ZENITHBANK Drags Down NGX Market Indices -0.3%

April 04, 2023/Cordros Report EQUITIES The local bourse sustained its negative sentiments as profit-taking activities across major banking stocks – GTCO (-3.2%) and ZENITHBANK (-2.5%) – triggered a 0.3% decline in the benchmark index. As a result, the NGX ASI settled at 54,035.39 points. Accordingly, the Month-to-Date loss increased to […]