July 30, 2024/Cordros Report EQUITIES The domestic stock market continued its descent as investors sold off NESTLE (-9.8%) and UBA (-5.3%), causing a 0.3% decline in the ASI to 97,830.65 points. As a result, the Month-to-Date and Year-to-Date returns printed -2.2% and +30.8%, respectively. The total trading volume increased by 5.3% […]
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NGXASI Shrinks -0.31%, Dragged by Bellwether Counters
July 30, 2024/InvestmentOne Report The NGXASI shrunk by 0.31% today to close at 97,830.65pts, as the losses in UCAP (-9.92%), NESTLE (-9.78%) and UBA (-5.26%) drove the domestic bourse into the negative region. In the fixed income space, the Treasury Bills secondary market closed bullish today, driven by the buy ins observed […]
Presco Plc Q2-24: Higher Revenue Drives Earnings Growth
July 30, 2024/Cordros Report Presco Plc (PRESCO) published their Q2-24 unaudited financials yesterday (29 July), reporting a standalone EPS of NGN14.82 (Q2-23: NGN5.12), underpinned by impressive revenue growth (+73.9% y/y). As a result, the H1-24 EPS printed NGN38.88 (H1-23: 15.08). Revenue grew by 73.9% y/y in Q2-24 (H1-24: +83.1% […]
