Monthly Fixed Income Market Report | August 2023
Monthly Fixed Income Market Report The FGN bond market closed the month negative as average yield surged 96bps MoM to settle at 14.06%. Similarly, the Nigerian Treasury Bills Market closed the month bearish, as average yield went up by 15bps MoM to close at 7.27%. Overall, the secondary Fixed Income market closed on a negative […]
Daily Market Update | 01-09-2023
Daily Market Update (Equities) The Nigerian Equities Market benchmark index surged by 1.47% to settle at 67,527.19 points in today’s trading session. Notably, the Year-to-Date (YtD) returns increased predominantly to 31.76% (Yesterday: 29.85% YtD). The gains in DANGCEM, DANGSUGAR, FBNH, ZENITH and GTCO offset the losses recorded in STANBIC, MTNN, HONEYWELL and CHAMPION. The Total […]
Monthly Equities Market Report | August 2023
Monthly Equities Market Report Global Market Overview: Reign of the Bears Global equities market closed bearish as the MSCI World Index fell by 2.55% Month-on-Month (MOM). This negative performance reflected on all the global indices under our coverage save for Nigeria’s NGX All Share Index (ASI). For context, United States’ S&P 500 (-1.77% MoM) declined […]
Weekly Commentary and Stock Recommendation: 28th August – 1st September 2023
This is a brief summary of the economic events that occurred this week in the global and domestic space. This report also provides investment strategies for investors in the coming week. Global Economy Earlier this week, China released their Purchasing Manager Index (PMI) data, which surveys large as well as state-owned companies, closed in a […]
