October 31, 2024/InvestmentOne Report The NGXASI declined today by 0.38% to close at 97,651.23pts, given the negative bias observed on TRANSCORP (-1.96%), FBNH (-1.32%) and DANGSUGAR (-2.22%) which drove the domestic bourse into the red. In the fixed income space, the Treasury Bills secondary market traded on a slightly positive note amidst […]
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Dangote Sugar Refinery Plc 9M 2024: Expanding Bottom-Line Loss Due to Currency Devaluation Impact
October 31, 2024/CSL Research Dangote Sugar Refinery Plc. (DSR) recently released its 9M 2024 results, reporting a 56.4% y/y Revenue growth to ₦484.43 billion from ₦309.71 billion in 9M 2023. On a quarterly basis, Revenue also advanced by 9.2% q/q, reaching ₦188.80 billion in Q3 2024 compared to ₦172.90 billion […]
Nigerian Stocks Market Continue Bearish Run -0.4%, Dragged by ARADEL, TRANSCORP
October 31, 2024/Cordros Report EQUITIES The Nigerian stock market continued its descent as losses in ARADEL (-10.0%) and TRANSCORP (-2.0%) caused a 0.4% decline in the benchmark index to 97,651.23 points. Accordingly, the Month-to-Date and Year-to-Date returns settled at -0.9% and +30.6%, respectively. The total volume traded increased by 37.8% […]
