April 10, 2025/Cordros Report EQUITIES The Nigerian equities market traded on a bullish note today, as renewed investor interest in banking names, most notably ZENITHBANK (+4.0%), GTCO (+2.6%), and FIDELITYBK (+8.9%) drove the All-Share Index higher by 0.6% to 104,788.25 points. As a result, the month-to-date and year-to-date returns settled […]
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Composite PMI Remains in Expansion Zone for the Fourth Straight Month
April 10, 2025/CSL Research The Central Bank of Nigeria (CBN) recently released the Purchasing Managers’ Index (PMI) report for March 2025, covering the Industry, Services, and Agriculture sectors. The composite PMI stood at 52.3 points, indicating continued expansion in economic activity. This marks the fourth consecutive month of growth, following […]
Banking Sector Drags Nigerian Stocks to -0.2% Loss
April 9, 2025/Cordros Report EQUITIES Profit-taking activities resurfaced in the Nigerian equities market, with ETI (-9.9%), GTCO (-1.7%) and UBA (-2.6%) weighing down the bourse by 0.2% to 104,187.00 points. Thus, the Month-to-Date and Year-to-Date returns settled at -1.4% and +1.2%, respectively. The total volume traded declined by 18.2% to 376.62 […]
