December 4, 2020/InvestmentOne Update ASI as at 12.00pm: +1.94%. Market movers: TRANSCORP (+10.00%), BUACEMENT (+9.89%), FCMB (-6.01%) and CHAMS (-4.35%). Sector Performances: Industrial (+4.58%), Banking (+3.34%), Consumer Goods (+0.51%) and Oil & Gas (+0.30%). Market activity: In today’s early trade, total volume and value fell by 95% and 97% respectively […]
Updates
President Muhammadu Buhari’s 2021 New Year Message to Nigerians
January 1, 2021/Presidency President Muhammadu Buhari has reaffirmed the commitment of his administration to achieving a united and progressive Nigerian nation. He made this pledge at the 2021 New Year address to Nigerians, which featured his plans and resolve for moving the nation forward. Here is the full speech by […]
Manufacturing PMI Slips Back to Contraction amid Insecurity, Rising Inflation
December 31, 2020/Cowry Asset Report Recently released Purchasing Managers’ Index (PMI) survey report by Central Bank of Nigeria (CBN) showed that manufacturing sector slipped back into contraction from an expansion of 50.2 points in November 2020. Also, the non-manufacturing sector further contracted, departing faster from the 50 index points (which […]
