September 6, 2024/InvestmentOne Report The NGXASI advanced today by 0.23% to close at 96,433.53pts as the uptick in the share prices of OANDO (+10.00%), ETI (+4.78%) and ZENITHBANK (+1.35%) propelled the market into the green. In the fixed income space, the Treasury Bills secondary market traded on a slightly negative note amid […]
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DANGSUGAR, WAPCO, ZENITHBANK Drags Nigerian Stocks to 0.2% Weekly Loss
Despite starting the week on a strong note, the Nigerian equities market could not sustain last week’s bullish momentum as profit-taking activities in DANGSUGAR (-5.5%), ZENITHBANK (-2.0%) and WAPCO (-3.5%) triggered a 0.2% w/w decline in the All-Share Index to 96,433.53 points. September 6, 2024/Cordros Report Global According to the […]
Cement Sector Growth Remains Suppressed
September 6, 2024/United Capital Research Based on Q2 GDP numbers, the cement sector’s growth rate declined significantly y/y, down 47.98% to 1.74% in Q2 2024 from 3.34% in Q2 2023. On a q/q basis, the growth rate also decreased by 15.36%, falling from 2.05% in Q1 2024. This downward trend […]
