March 3, 2016/Cordros Research The domestic bourse delivered a rebound (+2.74% m/m) from January’s 16.50% disappointing loss. The gain was spurred majorly by bargain hunting, amid dividend and earnings expectation ahead of FY’15 earnings releases. The market’s positive performance came despite persistent pressure on the price of oil – and […]
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Bulls Sustain Hold on NSE, ASI Rise 2.25% on Dangote Cement Rally
By InvestAdvocate Lagos (INVESTADVOCATE)-The bulls on Wednesday sustained its hold on the Nigerian equities market as the all-share index (ASI) climbed up by 2.25 percent to close at 25,396.83 basis points, while market capitalisation expanded by N191.53 billion to N8.74 trillion. Cordros daily market update reported that this is coming […]
NSE Posts Fourth Straight Gains, Index up 1.09% on Dangote Cement Rally
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday posted its fourth consecutive gains as the all share index (ASI) climbed up by 1.09 percent to close at 24,838.31 basis points, while market capitalisation rose by N92.05 billion to N8.54 trillion. “Today’s gain brought the Month-to-Date gain to 1.09 […]
