March 4, 2025/InvestmentOne Report The NGXASI declined by 0.51% today to close at 106,904.25pts, as selloffs observed in TRANSCORP (-10.00%), ETI (-9.79%) and DANGSUGAR (-10.00%) drove the domestic bourse into the red zone. In the fixed income space, the Treasury Bills secondary market traded on a positive note, mostly driven by the […]
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Nigerian Equities Extend Bearish Run, Dips -0.5% on Losses in Blue Chips
March 4, 2025/Cordros Report EQUITIES The Nigerian equities market extended its bearish run as selloffs in TRANSCORP (-10.0%), ETI (-9.8%) and DANGSUGAR (-10.0%) drove the All-Share Index lower by 0.5% to 106,904.25 points. Sequentially, the Month-to-Date and Year-to-Date returns settled at -0.9% and +3.9%, respectively. The total volumes traded […]
Dangote Sugar Refinery Plc 2024FY: Cost Pressures and Net FX Losses Weigh on Performance
March 4, 2025/Cordros Report Dangote Sugar Refinery Plc (DANGSUGAR) released its 2024FY audited financials today, reporting a loss per share of NGN15.86 (vs loss per share of NGN6.07 in 2023FY). The loss for the year was triggered by mounting pressure from COGS (+78.7% y/y) and the elevated net finance costs […]
