Daily Market Update | 16-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive for the 3rd consecutive trading day, as the NGX All Share Index (ASI) increased by 1.56% to settle at 105,722.78 points. Consequently, the year-to-date (YtD) returns surged to 41.39% (vs 39.22% YtD yesterday). This positive sentiment in the market was driven by gains in […]
Daily Market Update | 15-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed on positive note, as the NGX All Share Index (ASI) went up by 0.58% to settle at 104,100.00 points. Consequently, the year-to-date (YtD) returns rose to 39.22% (vs 38.42% YtD yesterday). Gains in BUA Cement, Geregu Power, and Fidelity offset losses in FBNH, DANDSUGAR, and […]
Daily Market Update | 14-02-2024
Daily Market Update (Equities) The Nigerian equities market made a positive comeback today, with the NGX All Share Index (ASI) increasing by 1.76% to settle at 103,498.28 points. Consequently, the year-to-date (YtD) returns rose to 38.42% (vs 36.02% YtD yesterday). Gains in AIRTELAFRI, BUAFOODS, and SEPLAT drove the market’s positive sentiment, while losses in BUACEMENT, […]
Daily Market Update | 13-02-2024
Daily Market Update (Equities) The Nigerian equities market closed lower today, with the NGX All Share Index (ASI) dipping by 0.33% to settle at 101,707.70 points. This decline pushed the year-to-date (YtD) returns down to 36.02%, compared to yesterday’s 36.47%. The market’s negative performance was primarily driven by losses in key banking stocks ZENITHBANK, UBA, […]
Daily Market Update | 12-02-2024
Daily Market Update (Equities) The Nigerian Equities market started the week positive with the NGX All Share Index (ASI) rising by 0.18% to 102,042.30 points. Consequently, the market’s year-to-date (YtD) returns climbed to 36.47% compared to 36.22% last Friday. Today, the Total Volume and Value traded declined by 24.68% and 30.31% each to 242.43mn units […]
The Nigerian Equities market closed the day on a Negative note for the 3rd day this week as the NGX All Share Index (ASI) decreased by 0.86% to 101.227.42 points. Consequently, the market’s year-to-date (YtD) returns settled at 35.38% from 36.55% yesterday. Total Volume and Value traded dipped by 39.91% and 11.97% each to 478.38mn […]
Daily Market Update | 06-02-2024
Daily Market Update (Equities) The Nigerian Equities market closed the day on negative as the NGX All Share Index (ASI) decreased by 1.59% to 102,108.05 points. Consequently, the market’s year-to-date (YtD) returns settled at 36.56% from 38.63% yesterday. Total Volume and Value traded dipped by 43.98% and 62.06% each to 471.43mn units and NGN7.33bn respectively. […]
Daily Market Update (Equities) The Nigerian Equities market closed on a negative note today as the NGX All Share Index (ASI) fell by 0.73% to 103,659.81points. Consequently, the market’s year-to-date (YtD) returns declined to 38.63% (vs 39.65% last Friday). The gains recorded in GEREGU, INTBREW, and OANDO were offset by losses in MTNN, ACCESSCORP, and […]
Weekly Commentary and Stock Recommendation: 29th January – 2nd February 2024
Global Economy In a coordinated stand against inflation, both the UK’s Bank of England (BOE) and the US Federal Reserve (Fed) held their key interest rates steady this week. While economic data showed some positive signs, the central banks emphasized their commitment to taming inflation pressures. The Fed opted to keep its federal funds rate […]
Monthly Fixed Income Market Report | January 2024
Monthly Fixed Income Market Report The Nigerian Fixed Income Market started 2024 on a bearish note in January, with average yields rising across board. The FGN bond market saw the average yield increase by 36bps Month-on-Month (MoM) to settle at 14.49%. Similarly, the Nigeria Treasury Bills market experienced a significant 286bps MoM surge in average […]
