Investors Bite

Bulls Sustain Hold on Nigerian Bourse, NGX ASI Advance +0.1%

June 10, 2021/Cordros Report EQUITIES The bullish run in the local bourse continued today, as the All-Share Index advanced by 0.1% to 39,210.10 points. Trading during the day was mixed, however, investors’ late demand for VITAFOAM (+3.5%) and MAYBAKER (+5.0%) drove the performance. Accordingly, MTD gain increased to +2.0% while […]

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

June 9, 2021/US SEC The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 55 soliciting entities, four (4) impersonators of genuine firms, and five (5) bogus regulators. The SEC’s list of soliciting entities that […]

NGX Sustains Bullish Momentum Gains +0.7% on Bargin Hunting in Dangote Cement

June 9, 2021/Cordros Report EQUITIES The domestic bourse sustained yesterday’s bullish momentum, following bargain hunting in DANGCEM (+2.2%). Thus, the benchmark index edged higher by 0.7% to 39,170.95 points. Consequently, Month-to-Date gain increased to 1.9%, while Year-to-Date loss moderated to -2.7%. The total volume of trades decreased by 16.9% to […]