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.
Weekly Commentary and Stock Recommendation: 17th September – 20th September 2024
Earlier this week, the Office of National Statistics (ONS) released Consumer Price Index (CPI) for August 2024. The Headline CPI rose by 2.2% YoY in August 2024, unchanged from July 2024. On a MoM basis, CPI rose by 0.3% in August 2024, the same rate as in August 2023.
Weekly Commentary and Stock Recommendation: 9th September – 13th September 2024
Earlier this week, according to the Chinese National Bureau of Statistics, China’s Consumer Price Index (CPI) rose by 0.6% YoY in August 2024 after reporting a 0.5% YoY growth in July 2024.
Guaranty Trust Holding Company Plc H1:2024 Earnings Note | Riding on Interest Income and Unrealized Gains
Riding on Interest Income and Unrealized Gains In its recently released audited H1:2024 results, GTCO’s Gross Earnings jumped by 107.04% YoY to NGN1.39trn mainly due to the spike in interest income (+173.47% YoY to NGN617.89bn) and non-interest income (+111.94% YoY to NGN774.30bn), an offshoot of the unrealized fair value gain on financial instruments on its […]
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 […]
