Updates

Nigerian Stocks Extend Gains by +1.1% Driven by Bellwethers

December 15, 2020/Cordros Report EQUITIES The local bourse extended yesterday’s gain as interest in bellwethers, DANGCEM (+3.7%), ZENITHBANK (+4.0%), WAPCO (+7.1%) and GUARANTY (+1.7%) supported proceedings today. Precisely, the NSE ASI advanced by 1.1% to 35,225.22 points. Consequently, Month-to-Date return (+0.5%) turned positive, as Year-to-Date gain increased to +31.2%. The […]

Honeywell to Seek Supreme Court’s Review of Court of Appeal Decision on Ecobank Credit

December 15, 2020/Proshare By Honeywell Counsel to Honeywell Group, Mr Olabode Olanipekun (SAN), Monday 14th December 2020, said that his client would be seeking a Supreme Court intervention and review of the Court of Appeal judgement on its protracted case with Ecobank. The Court of Appeal, in a recent judgement […]

Nigerian Bourse Index Gains 1.10% amid Sustained Bargain Hunting Activity

December 15, 2020/Cowry Asset Report The domestic market index advanced by 1.10% to close at 35,225.22pointsamid sustained bullish activity even as the Exchange printed 28 gainers as against 14 losers at the close of trading session. Hence, the year-to-date gain of the NSE ASI rose to 31.23%. Notably, investors were […]