Daily Market Update | 04-12-2023
Daily Market Update (Equities) The Nigerian Equities market started the week on a negative note, as its benchmark index, the NGX All Share Index (ASI) went down by 0.66% to 70,946.83 points. Consequently, its Year-to-Date (YtD) returns declined to 38.43% from 39.35% last Friday. This decline can be attributed to losses in BUACEMENT, ZENITH and […]
Monthly Equities Market Report | November 2023
Global Market Overview Easing Inflation and Hawkish Pause Fuels Optimism across Markets In a welcome turnaround, the global equities market finally caught a break in November 2023, snapping a three-month streak of losses. The MSCI World Index led the charge, climbing 0.85% month-on-month (MoM). This upswing extended to all indices under our watch, painting a […]
Monthly Fixed Income Market Report | November 2023
Monthly Fixed Income Market Report The FGN bond market ended the month on a bearish note with the average yield increasing by 40bps Month-on-Month (MoM) to close at 15.72%. Conversely, the Nigerian Treasury Bills Market concluded the month on a bullish note as the average yield declined by 72bps MoM to settle at 10.21%. Overall, […]
Weekly Commentary and Stock Recommendation: 27th November – 1st December 2023
Global Economy Earlier this week, according to the US Bureau of Economic Analysis, the US Real Gross Domestic Product increased at a rate of 5.2% YoY in Q3:2023, according to its revised estimates. The increase in real GDP reflected increases in consumer spending, private inventory investment, exports, government spending, residential fixed investment, and nonresidential fixed […]
