November 8, 2024/InvestmentOne Report The NGXASI advanced today by 0.32% to close at 97,236.19pts, as price appreciation in CONOIL (+9.94%), ACCESSCORP (+1.02%) and TRANSCORP (+0.92%) drove the local bourse into the green zone. In the fixed income space, the Treasury Bills secondary market was slightly positive as we observed buy pressure across […]
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Profit-Taking Pressure Sustain Bearish Run, Nigerian Stocks Loss -0.2% Week-on-Week
Profit-taking pressure kept the domestic stock market in the red for the week, despite gains in three of the five trading sessions. Consequently, the All-Share Index fell by 0.2% w/w to 97,236.19 points. November 8, 2024/Cordros Report Global In line with market expectations, the Federal Open Market Committee (FOMC), at […]
FX Losses and Cost Pressures Continue to Weigh on Telcos Profitability
November 8, 2024/CSL Research In the first nine months of 2024, Nigeria’s telecom sector saw varied performances among its listed companies. MTN Nigeria maintained its revenue growth momentum, achieving a 33.7% y/y increase, reaching N2.37 trillion from N1.77 trillion in 9M 2023. In contrast, Airtel Africa reported a 9.6% y/y […]
