The bullish momentum in the local bourse switched into a higher gear as investors hunted for bargains following broadly positive corporate earnings released during the week.Accordingly, the All-Share Index broke through 30,000 psychological mark, a level last seen in June 2019, and closed at 30,530.69 points, the highest level in […]
Updates
Daily Market Update for October 28, 2020-Cordros
October 28, 2020/Cordros Report EQUITIES The Nigerian domestic equities continued to trade with bullish sentiments for the fifth consecutive session, as investors remain keen on market large caps. Significant interest in NESTLE (+10.0%) and DANGCEM (+2.2%) stocks supported the gain recorded in today’s trading. Consequently, the ASI recorded its biggest […]
Manufacturing PMI Contracts Stands at 49.4% in October 2020 From 46.9% in September 2020
October 28, 2020/CBN Introduction The October 2020 PMI survey was conducted by the Statistics Department of the Central Bank of Nigeria during the period April 9-13, 2019. The respondents were purchasing and supply executives of manufacturing and non-manufacturing organizations in all 36 states in Nigeria and the Federal Capital Territory […]
