Daily Market Update|03-09-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive with the NGX All-Share Index (ASI) surging by 0.08% to settle at 96,873.74points. Consequently, the market’s year-to-date (YtD) returns increased to 29.56% compared to 28.45% Yesterday. Today, the total volume and value traded decreased by 5.04% to 473.00mn units and 5.67% to 10.42bn. OANDO […]
Monthly Equities Market Update | August 2024
Global Market Overview: Global Equities Sustains Bullish Trend In August 2024, the global equities market extended its winning streak for another month, with the MSCI World Index rising by 4.01% month-on-month (MoM), which was mirrored in other indices. The only exceptions were China’s SHCOMP and Japan’s Nikkei 225 indices, which declined by 0.97% MoM and […]
Monthly Fixed Income Market Report | August 2024
Breaking the Mold Contrary to our bearish expectations, Nigeria’s fixed income market exhibited remarkable strength in August 2024. Despite concerns about rising yields due to economic pressures, both the Nigerian Treasury bills (NT-bills) and FGN bonds segments witnessed robust demand. The NT-bills market saw a significant decline in average yields, decreasing by 397bps month-on-month (MoM) […]
Zenith Bank Plc H1:2024 Earnings Note | Impressive Performance Riding on Core & Non-Core Income
Impressive Performance Riding on Core & Non-Core Income Zenith Bank Plc published its H1:2024 interim financial results, recording a 120.03% YoY expansion in Gross Earnings to NGN2.05trn. This is on the back of increase in both interest income (+176.69% YoY to NGN1.15trn) and non-interest income (+72.50% YoY to NGN951.94bn) in the period. Meanwhile, Operating Expenses […]
