In Your Interest
February 29, 2024/Cordros Report According to the recently released GDP report by the Nigerian Bureau of Statistics (NBS), the domestic economy maintained its growth trajectory for the third consecutive quarter as real GDP grew by 3.46% y/y in Q4-23 (Q3-23: +2.54% y/y). The growth outturn is 72bps higher than Cordros’ […]
February 29, 2024/Cordros Report EQUITIES The domestic bourse recorded its first positive performance of the week as gains in GTCO (+10.0%) and ZENITHBANK (+7.9%) offset the loss in NESTLE (-9.1%). As a result, the NGX ASI increased by 0.7% to settle at 99,980.30 points. Accordingly, the Month-to-Date and Year-to-Date returns […]
February 29, 2024/InvestmentOne Report The NGXASI advanced by 0.68% today to close at 99,980.30pts, as bargain hunting in banking stocks including GTCO (+10.00%), UBA (+10.00%) and ZENITHBANK (+7.86%) drove the market into the green zone. In the Fixed income space, the Treasury Bills secondary market closed up, driven by bullish sentiments across […]