Investors Bite

Bears Regain Control of Nigerian Bourse, ASI Dips -0.1% Week-to-Date

It was a tranquil trading week as the marginal gains recorded in the last three trading days could not offset the loss on the second trading day of the week. Against this backdrop, the bears regained control of the market after conceding to the bulls in the prior week. Consequently, […]

MIDDAY UPDATE: Nigerian Stocks Up +0.24% on Gains Across Sectors

April 9, 2021/InvestmentOne Update ASI as at 12.00pm: +0.24%. Market movers: PRESTIGE (+9.52%),  HONYFLOUR (+8.85%), UNITYBNK (-9.86%)  and ABCTRANS (-9.09%). Sector Performances: Banking (+0.61%),  Consumer Goods (+0.04%),  Industrial (+0.20%) and Oil and Gas. Market activity: In today’s early trade, total volume and value advanced 102% and 157% compared to this time […]

ZENITHBANK, GUARANTY Drive Nigerian Stocks Up +0.7%

April 8, 2021/Cordros Report EQUITIES Trading at the domestic equities market turned positive today, as buying interest in tier 1 banks – ZENITHBANK (+3.8%) and GUARANTY (+2.7%), pushed the All-Share Index higher by 0.7% to 38,799.83 points. Accordingly, Month-to-Date and Year-to-Date losses moderated to -0.6% and -3.7%, respectively. The total […]