August 25, 2020/Cordros Report EQUITIES The domestic equities market sustained yesterday’s gain, as demand for cement players – BUACEMENT (+2.8%) and WAPCO (+1.7%) – drove the benchmark index higher. Thus, the All-Share Index advanced by 0.3% to 25,291.73 points. Consequently, Month-to-Date gain increased to +2.4% while the Year-to-Date loss moderated […]
Updates
Nigeria Nears Recession with 6.1% Contraction in Q2-2020 – PFI Capital
Culled—Proshare August 24, 2020 By PFI Capital Initial comments Earlier, the National Bureau of Statistics (NBS) published Nigeria’s Q2-2020 GDP numbers showing a contraction of 6.1% y/y in real GDP, compared to 2.12% in Q2-2019 and 1.87% in Q1-2020. Quarter on quarter, real GDP decreased by -5.04% in Q2-2020. […]
MIDDAY UPDATE: Nigerian Stocks Inch Down -0.04% on Negative Sentiments
August 25, 2020/InvestmentOne Report ASI as at 12.00pm: -0.04%. Market movers: BETAGLAS (-9.99%), MAYBAKER (-9.90%), JBERGER (+3.03%), and LASACO (+3.03%). Sector Performances: Banking (-0.17%), Industrial (-0.09%), Oil & Gas (-0.04%), and Consumer Goods (+0.16%). Market activity: In today’s early trade, while total volume increased by 146%, total value dropped by 55%, compared to this time yesterday, as investors have traded about 128million units of shares worth about N404million. TRANSCORP (-1.79%) is […]
