Daily Market Update | 02-02-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed positive as the benchmark index increased by 1.57% to 104,421.23 points. Consequently, the market’s year-to-date returns (YTD) increased to 39.65% (vs yesterday 37.48%). Market movers today were MTNN, FBNH, ACCESSCORP and DANGSUGAR while the draggers were NEM, UNITED CAPITAL, Nigerian Aviation Handling Co and STANBIC […]
Monthly Equities Market Update | January 2024
Global Market Overview: Mixed Optimism with UK and China Downturns The global equities market continued its bullish streak in January 2024, marking its third consecutive month of positive performance. The MSCI World Index led the charge, surging 1.14% month-on-month (MoM), with other major indices following suit. However, the UK’s FTSE 100 and China’s SHCOMP bucked the […]
2023FY FBNH Unaudited Financial Result | Interest Income & Non-Interest Revenue to the Rescue
Below is a detailed overview of the unaudited financial result of FBNH for 2023FY. Interest Income & Non-Interest Revenue to the Rescue FBNH released the unaudited Full-year results for 2023, revealing a respective 88.52% YoY and 129.41% increase in Gross earnings and Profit Before Tax (PBT). Major drivers for earnings growth include higher interest income […]
Daily Market Update | 01-02-2024
Daily Market Update (Equities) The Nigerian Equities market had a positive trading session today as the NGX All Share Index (ASI) increased by 1.63% to 102,802.25points. Consequently, the market’s year-to-date (YtD) returns rose to 37.48% (vs 9.70% Yesterday). The gains recorded in BUA FOODS, Zenith Bank and GTCO offset the losses in MTN Nigeria, Computer […]
Daily Market Update | 31-01-2024
Daily Market Update (Equities) Today, the Nigerian Equities market witnessed a decline for second time this week as the All-Share Index (ASI) dropped by 1.89% to settle at 101,154.13 points. This was driven by losses in MTN, Zenith Bank and GTCO, which offset the gains in Geregu, PZ Cussons and Vitafoam. Consequently, the market’s year-to-date […]
Daily Market Update | 30-01-2024
Daily Market Update (Equities) Today, the Nigerian Equities market witnessed a loss with the All-Share Index (ASI) declining by 1.50% to settle at 103,106.90 points. This was driven by losses in Access Holdings, UBA and Dangote Sugar, which offset the gains in Geregu, Ecobank and Wema bank. Consequently, the market’s year-to-date returns (YTD) fell to […]
Daily Market Update | 29-01-2024
Daily Market Update (Equities) The Nigerian Equities market opened the week on a strong note, gaining 2.22% to settle at 104,674.67 points. This was spurred by gains in DANGCEM, BUA and Oando, which offset losses in Zenith Bank, Access Holdings and Transnational. Consequently, the market’s year-to-date returns (YTD) increased to 39.99%. Today, the total […]
Weekly Commentary and Stock Recommendation: 22nd January – 26th January 2024
Global Economy S&P Global issued the US and UK Purchasing Managers’ Index (PMI) data earlier this week. With a headline S&P Global Flash US PMI Composite Output Index of 52.3, it represented the fastest increase in business activity since June 2023, up from 50.9 in December 2023. The increase in output suggested a significant improvement […]
Daily Market Update | 26-01-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed positive as the benchmark index increased by 0.25% to 102,401.88 points. Consequently, the market’s year-to-date returns (YTD) increased to 36.95%. Market movers today were FBNH, DANGSUGAR, PZ and FCMB while the draggers were TRANSCORP, NB, JAIZBANK and INTERNATIONAL BREWERIES. Total Volume increased to 519.39mn units […]
Daily Market Update | 25-01-2024
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the benchmark index went up by 0.57% to settle at 102,149.93 points. This trend was boosted by gains in SEPLAT, GEREGU, ECOBANK, GTCO and DANGSUGAR offsetting losses incurred in LAFARGE, TRANSCORP, FBNH and PZ. Consequently, the market’s year-to-date returns […]
