March 1, 2023/Cordros Report EQUITIES The bears resurfaced on the domestic bourse as sell pressures on AIRTELAFRI (-5.3%) caused a 0.5% decline in the benchmark index. Consequently, the NGX ASI settled at 54,189.31 points. Accordingly, the Month-to-Date and Year-to-Date returns printed -0.5% and +8.3%, respectively. The total volume traded increased […]
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The Markets in Review: Changing Dynamics: A Tale of Two Equity Markets
February 28, 2023/Coronation Research The equity market in 2023 differs from that of 2015. General elections typically bring about uncertainty and markets do not like uncertainty. In the run-up to the elections, the equity market declined 11.81% from the beginning of the year to March 28th, 2015. This year, however, […]
Bullish Trend Continues as Index Gain +0.88% Buoyed by Bellwether
February 28, 2023/InvestmentOne Report The Nigerian bourse closed with a positive performance of 0.88% as the NGX-ASI settled at 55,806.26pts. In today’s trade, market breadth index was broadly positive with 36 gainers against 10 losers. MRS (+10.00%) was the top gainer, while MULTIVERSE (-10.00%) led the losers today. FIDELITYBK (+2.00%) was […]
