Investors Bite

NGXASI Balloons by 523bps on Optimistic Policy Pronouncement.

May 30, 2023/Cordros Report EQUITIES Trading activities in the local bourse resumed the week on a positive note, as investors cheered President Tinubu’s pro-market policies. Notably, bargain-hunting activities in MTNN (+7.5%) and DANGCEM (+7.4%) drove the benchmark index 5.2% higher – the most significant single-day gain since 12 November 2020 […]

ASI Intraday Update: Nigerian Stocks Gain +0.243%

May 30, 2023/InvestmentOne Update ASI as at 12.00pm: +2.43% Top Gainers and Losers: DANGSUGAR (+10.00%), ETERNA (+10.00%), ROYALEX (-8.33%) and TANTALIZER (-8.00%). Sector Performances: Banking (+8.10%), Consumer Goods (+4.36%), Oil and Gas (+3.23%) and Industrial (+2.17%). Market activity: In today’s trade, total volume and value increased by 331% and 277% respectively, […]

Nigerian Bourse Rebounds to Record +1.5% Weekly Gain, Driven by NESTLE, MTNN

The local bourse rebounded from last week’s rout as strong bargain-hunting activities across tickers with attractive entry points pushed the All-Share Index higher by 1.5% w/w to 52,973.88 points. Precisely, investors’ interests in NESTLE (+10.0%) and MTNN (+1.5%) spurred the weekly gain May 26, 2023/Cordros Report Global Economy According to […]