August 24, 2022/Cordros Report EQUITIES After two consecutive trading sessions of losses, the Nigerian equities market turned bullish as the All-Share Index closed 0.3% higher to 48,675.24 points. Notably, the buying interests in STANBIC (+8.9%), BUACEMENT (+1.3%), and ETI (+8.0%) stocks triggered today’s performance. Consequently, the Month-to-date loss moderated […]
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Nigerian Equities Snap 5-Day Losing Streak, Edges Higher By 22bps
August 24, 2022/InvestmentOne Report The Nigerian equities market closed positive by 0.22% as the NGX-ASI settled at 48,675.24pts. In today’s trade, market breadth index was negative with 11 gainers against 16 losers. NEM (+10.00%) was the top gainer, while FIDSON (-9.80%) led the losers today. ACCESCCORP (-1.20%) was the most actively traded […]
Rebound in FAAC Payout for July
August 19, 2022/Coronation Research The latest gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three tiers of government and public agencies amounted to N802.4bn in July (from June revenue). This was an increase of 18% or N121.6bn from June’s payout and 14.7% higher than the payout […]
