Daily Market Update|01-10-2024

Today, the Nigerian stock market closed on a positive note as it gained 0.10% while its year-to-date return settled at 31.81%. The market performance was driven by gains in OANDO, UBA and ACCESSCORP, which offset losses in BUACEMENT, FBNH and FIDELITYBANK.

Daily Market Update|11-09-2024

Daily Market Update (Equities) Today, the Nigerian equities made a negative momentum with the NGX All-Share Index (ASI) declining by 0.09% to settle at 96,715.04 points. Consequently, the market’s year-to-date (YtD) returns increased to 29.34% compared to 29.46% Yesterday. Today, the total volume increased by 47.72% to 600.04mn units, while the total value traded decreased […]

Daily Market Update|09-09-2024

Daily Market Update (Equities) Today, the Nigerian equities made a negative momentum with the NGX All-Share Index (ASI) declining by 0.24% to settle at 96,204.84 points. Consequently, the market’s year-to-date (YtD) returns declined to 28.66% compared to 28.97% Friday. Today, the total volume and value traded increased by 97.29% to 774.38mn units and 21.82% to […]

Weekly Commentary and Stock Recommendation: 2nd September – 6th September 2024

Global Economy Earlier this week, according to a private sector survey, the Caixin/S&P Global manufacturing Purchasing Manager Index (PMI) rose to 50.4 points in August 2024 from 49.8 points the previous month, more positive than the recent official PMI survey showing manufacturing activity extended declines in August 2024. According to the survey, which mostly covers […]

Daily Market Update|04-09-2024

Daily Market Update (Equities) Today, the Nigerian equities market halted it positive momentum with the NGX All-Share Index (ASI) dipping by 0.35% to settle at 96,537.48points. Consequently, the market’s year-to-date (YtD) returns declined to 29.11% compared to 29.56% Yesterday. Today, the total volume and value traded decreased by 17.71% to 389.23mn units and 21.43% to […]

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 […]