Trading in the Nigerian equities market was broadly positive as investors renewed their appetite for stocks. Pertinently, bargain-hunting activities in AIRTELAFRI (+3.9%), BUAFOODS (+15.6%) and GEREGU (+13.8%) spurred the weekly gain. Accordingly, the All-Share Index advanced by 2.1% w/w to close at +7.2% YTD. February 24, 2023/Cordros Report Global Economy […]
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Intraday Update: Nigerian Stocks Gain +0.28% Driven by Bellwether Counters
February 24. 2023/InvestmentOne Update ASI as at 12.00pm: +0.28% Market Mover: BUAFOODS (+6.17%) Top Gainers and Losers: JOHNHOLT (+10.00%), MCNICHOLS (+10.00%), LIVINGTRUST (-10.00%) and CORNERST (-7.69%). Sector Performances: Consumer Goods (+2.50%), Oil and Gas (+0.93%), Banking (+0.19%) and Industrial. Market activity: In today’s trade, total volume decreased by 28% while […]
Nigerian Equities Market Extends Bullish Run +0.6% Buoyed by Bargain-Hunting in BUAFOODS
February 23, 2023/Cordros Report EQUITIES The Nigerian equities market extended yesterday’s bullish performance inspired by bargain-hunting in BUAFOODS (+8.9%). As a result, the All-Share Index printed a 0.6% gain to close at 54,646.38 points. Consequently, the Month-to-Date and Year-to-Date returns increased to +2.6% and +6.6%, respectively. The total volume traded […]
