Weekly Commentary and Stock Recommendation: 22nd July – 26th July 2024
Global Economy Earlier this week, S&P Global published a series of Purchasing Manager Index (PMI) data for key global economies. The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index decreased to 50.1 in July 2024 from 50.9 in June 2024, hovering just above the no-change mark and indicating near-stagnation in private sector activity. Although […]
Daily Market Update | 26-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed the week negative as the NGX All Share Index fell by 1.95%, its fourth consecutive daily decline, closing at 98,201.49 points. This pushed the market’s year-to-date (YTD) return down to 31.33%, compared to 33.95% YTD yesterday. Losses in DANGCEM, GTB, and ACCESS were the main […]
Daily Market Update | 25-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.21%, closing at 100,156.96 points. This pushed the market’s year-to-date (YTD) return down to 33.95%, compared to 34.23% YTD yesterday. Losses in ZENITH, FBNH, and UBA were the main drivers of the negative performance, outweighing gains […]
