August 26, 2024/Cordros Update Recent data from the National Bureau of Statistics (NBS) revealed that the domestic economy sustained its positive growth momentum in Q2-24, as the real GDP grew by 3.19% y/y (Q1-24: +2.98% y/y | Q2-23: +2.51% y/y). The growth outturn is 61bps and 1bp lower than Cordros’ […]
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NGXASI Gains +0.07%, Buoyed by Bellwether Counters
August 26, 2024/InvestmentOne Report The NGXASI advanced today by 0.07% to close at 96,037.28 pts as gains in OKOMUOIL (+9.99%), OANDO (+9.93%) and BUAFOODS (+4.20%) drove the domestic equities market into the positive territory. In the fixed income space, the Treasury Bills secondary market closed positive as there was optimistic sentiment […]
Nigerian Equities Open Week Positive +0.1%, Driven by BUAFOODS
August 26, 2024/Cordros Report EQUITIES Trading in the Nigerian equities market began the week on a positive note as buying interests in BUAFOODS (+4.2%) drove the All-Share Index 0.1% higher to close at 96,037.28 points. Accordingly, the Month-to-Date and Year-to-Date returns printed -1.8% and +28.4%, respectively. The total volume of […]
