August 28, 2024/Cordros Report EQUITIES Bearish sentiments resurfaced in the Nigerian stock market as sell-pressures on MTNN (-7.9%) caused the All-Share Index to decline by 0.3% to close at 96,203.65 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to -1.6% and +28.7%, respectively. The total trading volume increased by 0.8% to […]
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Q2-24 GDP: Growth Remains Strong; Moderation Expected in Q3-24
August 28, 2024/Cordros Report The recently released Q2-24 GDP report by the National Bureau of Statistics (NBS) showed that Nigeria’s economic activities remained robust as the real GDP grew by 3.19% y/y in Q2-24 (Q1-24: +2.98% y/y). Notably, the improvement was primarily driven by the expansion in the oil sector […]
ACCESSCORP, JAIZBANK, MTNN Drags NGX Indices to -0.32% Loss
August 28, 2024/InvestmentOne Report The NGXASI declined today by 0.32% to close at 96,203.99 pts as losses witnessed in MTNN (-7.91%), JAIZBANK (-6.25%) and ACCESSCORP (-0.78%) drove the local bourse into the negative region. In the fixed income space, the Treasury Bills secondary market closed positive as there was optimistic sentiment along […]
