February 20, 2023/InvestmentOne Update ASI as at 12.00pm: +0.01% Market Mover: FIDELITY (+5.04%) Top Gainers and Losers: CWG (+9.88%),TRIPPLEG (+9.55%), CHIPLC (-8.96%) and VITAFOAM (-7.18%). Sector Performances: Banking (+0.38%), Consumer Goods (-0.05%), Industrial (-0.03%) and Oil and Gas. Market activity: In today’s trade, total volume and value decreased by 19% […]
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Foreign Portfolio Investments in equities remained low in December
February 20. 2023/CSL Research Based on data from the Nigerian Exchange, Foreign Portfolio Inflows into the Nigerian equities market declined 3.03% m/m to N8.64bn in December 2022 from N8.91bn recorded in November 2022. On the other hand, Foreign Portfolio Outflows increased by 19.02% m/m to N6.57bn from N5.52bn recorded in […]
NGX Posts First Weekly Loss in February on Renewed Risk-Off Sentiments by Investors.
The local bourse posted its first weekly retreat in the month following renewed risk-off sentiments by investors. Precisely, the loss recorded on the final trading day (-1.3%), proved sufficient to wipe out the cumulative gains of 0.4% as of Thursday, driven primarily by sell pressures on AIRTELAFRI (-6.0%). Consequently, the […]
