Daily Market Update | 24-01-2024
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the benchmark index went up by 3.00% to settle at 101,571.11 points. This trend was boosted by gains in DANGCEM, BUA CEMENT, BUA FOODS, DANGSUGAR and TRANSCORP offsetting losses incurred in ECOBANK, ZENITH, FIDELITY and ACCESSCORP. Consequently, the market’s […]
Daily Market Update | 23-01-2024
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the benchmark index went up by 2.97% to settle at 98,616.97 points. This trend was boosted by gains in DANGCEM, BUA CEMENT, BUA FOODS, SEPLAT and MTNN offsetting losses incurred in TRANSCORP, ZENITH, DANGSUGAR and GTCO. Consequently, the market’s […]
Daily Market Update | 22-01-2024
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the benchmark index went up by 1.30% to settle at 91,768.12 points. This trend was boosted by gains in DANGCEM, Unilever Nigeria PLC, FCMB, Eterna and E-Tranzact offsetting losses incurred in Nestle, ZENITH, Access and Flour mills. Consequently, the […]
Weekly Commentary: 15th January – 19th January 2024
Global Economy Earlier this week, China released its Q4:2023 GDP figures. According to the data, Gross domestic product (GDP) grew 5.2% YoY in Q4:2023 (vs. 4.9% in Q3:2023). On a QoQ basis, however, GDP grew by 1.0% in Q4:2023, slowing from a revised 1.5% gain in the previous quarter. Elsewhere, in the UK, the Office […]
Daily Market Update | 19-01-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed positive as the benchmark index increased by 2.87% to 94,538.12 points. Consequently, the market’s year-to-date returns (YTD) increased to 26.43%. Market movers today were DANGCEM, BUACEM, SEPLAT and DANGSUGAR while the draggers were GTCO, TRANSCORP, NB and PZ. Total Volume and Value traded dropped to […]
Daily Market Update | 18-01-2024
Daily Market Update (Equities) The positive trend in the Nigerian Equities market sustained its run in today’s trading session, as the benchmark index went up by 2.04% to settle at 91,896.97 points. This trend was boosted by gains in DANGCEM, BUACEM, TRANSCORP, DANGSUGAR and PZ despite losses incurred on UBA, GTCO, ZENITH, FBNH and FIDELITYBANK. […]
Daily Market Update | 17-01-2024
Daily Market Update (Equities) The positive trend in the Nigerian Equities market continued in today’s trading session, as the benchmark index went up by 2.34% to cross 90,000 points and settle at 90,063.27 points. This trend was boosted by gains in DANGCEM, BUACEM, BUAFOODS, GEREGU and TRANSCORP despite losses incurred on DANGSUGAR, FBNH, UBA, STANBIC […]
December 2023 CPI Report | Inflation Bites Deeper
Inflation Bites Deeper Yesterday, the National Bureau of Statistics (NBS) released the Consumer Price Index (CPI) report for December 2023. Headline inflation increased by 72bps to 28.92% Year-on-Year (YoY), compared to 28.20% YoY in November 2023. This upswing was fueled by increases in its subcomponents: Food inflation (+109bps to 33.93% YoY) and Core Inflation (+68bps […]
Daily Market Update | 16-01-2024
Daily Market Update (Equities) The Nigerian Equities market sustained its positive opening to the week as the benchmark index gained 3.97% to settle at 88,001.48 points. This was fueled by gains in DANGCEM, BUACEM, MTNN, DANGSUGAR and UBA, which offset losses in OANDO, UNICAP, UAC, CAP and AXAMANSARD. The total Volume and Value traded increased […]
Daily Market Update | 15-01-2024
Daily Market Update (Equities) The Nigerian Equities market opened the week on a strong note, gaining 1.92% to settle at 84,640.89 points. This was spurred by gains in DANGCEM, GEREGU and DANGSUGAR, which offset losses in FBNH, JBERGER and ABBEYBDS. Today, the total Volume and Value traded increased by 34.44% and 21.25% each to reach […]
