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Nigerian Stocks Start Week Bearish -1.4%, Dragged by Dangote CEMENT

August 19, 2024/Cordros Report EQUITIES   Trading in the domestic equities market kicked off the week on a bearish note, following profit-taking activities in DANGCEM (-10.0%). As a result, the All-Share Index dipped by 1.4% to close at 95,779.79 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to -2.0% and […]

Wärtsilä Signs Decarbonisation Agreement for Madagascan Power Plant

August 19, 2024/Alesia Communication Technology group Wärtsilä’s renewal of its existing Operations and Maintenance (O&M) agreement with QIT Madagascar Minerals S.A (QMM), part of the Rio Tinto group, has been expanded to include a Decarbonisation Agreement. The Agreement is a groundbreaking offering in the energy sector, and allows for optimising […]

Intraday Update: Nigerian Stocks Gain +0.41%, Buoyed by Blue Chips

August 19, 2024/InvestmentOne Update ASI as at 12.00pm: +0.41% Top Gainers and Losers: CUTIX (+10.00%), SOVRENINS (+10.00%), INTBREW (-9.89%) and AFRIPRUD (-9.68%). Sector Performances: Industrial (+1.15%), Banking (+0.45%), Oil & Gas (+0.11%) and Consumer Goods (-0.18%). Market activity: In today’s trade, total volume and value advanced by 85% and 45% […]