Daily Market Update | 6-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed the week on a negative note as its benchmark index fell by 0.17% to 66,454.57 points. As a result, its year-to-date (YtD) returns dropped to 29.66% (vs. Yesterday: 29.89% YtD). The losses incurred in Dangote Cement PLC, Oando and Nigeria Breweries PLC offset the gains recorded […]
Weekly Commentary and Stock Recommendation: 3rd October – 6th October 2023
Global Economy Earlier this week, according to Eurostat, Eurozone retail sales in the 20 countries sharing the Euro fell 1.2% MoM in August 2023 (vs. -0.1% MoM in July 2023). In August 2023, the calendar adjusted retail sales index decreased by 2.1% YoY in the euro area. The monthly fall was caused mainly by a […]
Monthly Fixed Income Market Report | September2023
Monthly Fixed Income Market Report The FGN bond market closed the month bearish as average yield surged 38bps Month-on-Month (MoM) to settle at 14.44%. Similarly, the Nigerian Treasury Bills Market closed the month bearish, as average yield went up by 67bps MoM to close at 7.94%. Overall, the secondary Fixed Income market closed on a […]
