Daily Market Update | 23-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive today, as its benchmark index, the NGX All Share Index (ASI) went up by 0.06% to 71,050.87 points. This performance can be attributed to gains in GTCO, Beta Glass Plc and Zenith Bank Plc offsetting losses in FBN Holdings, Sterling Financial Holdings and Unilever Nigeria […]
Daily Market Update | 22-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed negative today, as its benchmark index, the NGX All Share Index (ASI) went down by 0.09% to 71,004.95 points. This decline can be attributed to losses in MTNN, FBN Holdings and DangSugar offsetting gains in GTCO, Zenith Bank and Unilever Nigeria Plc. Notably, the market’s year-to-date […]
Daily Market Update | 21-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive today, as its benchmark index, the NGX All Share Index (ASI) went up by 0.08% to 71,066.55 points. This performance was spurred on by gains in Lafarge Africa, GTCO and UBA offsetting losses in Oando, Champion Breweries and International Breweries. Notably, the market’s year-to-date (YtD) […]
Daily Market Update | 20-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed negative today, as its benchmark index, the NGX All Share Index (ASI) went down by 0.15% to 71,008.70 points. This decline was spurred on by losses in STANBIC IBTC, NB and Zenith Bank offsetting gains in Geregu, Oando and GTCO. Notably the market’s year-to-date (YtD) returns […]
Airtel Africa Plc H1:2024 FYE Performance – Charting through Tumultuous Headwinds
Below is a detailed overview of Airtel Africa Plc’s performance during the first half of its fiscal year. FX Devaluation Hinder Revenue Growth In its recently released H1:2024 financial result, Airtel Africa Plc (AIRTELAFRI) posted a marginal increase in its consolidated topline in reporting currency. Overall Revenue increased by 2.28% Year-on-Year (YoY) in H1:2024 (vs. […]
Weekly Commentary and Stock Recommendation: 13th November – 17th November 2023
Global Economy Earlier this week, the US Bureau of Labor Statistics (BLS) released the October 2023 Consumer Price Index for All Urban Consumers (CPI-U) data. According to the data, inflation was unchanged in October 2023 on a seasonally adjusted basis, after increasing 0.4% MoM in September 2023. YoY, the headline CPI index increased by 3.2%. […]
Daily Market Update | 17-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive today, as its benchmark index, the NGX All Share Index (ASI) went up by 0.12% to 71,112.99 points. This was spurred on by gains in SEPLAT, TRANSCORP and UBA offsetting losses in MTNN, DANGSUGAR and BETAGLAS. Notably the market’s year-to-date (YtD) returns advanced to 38.75% […]
October 2023 CPI Report | Rising Prices Remain Unabated
Rising Prices Remain Unabated Yesterday, the National Bureau of Statistics (NBS) released the inflation report for October 2023. Headline inflation jumped by 61bps to reach 27.33% YoY (vs 26.72% YoY in September 2023). This is on the back of increases in its two major sub-components, Food inflation (+88bps to 31.52% YoY) and Core inflation (+73bps […]
MTNN Plc Q3:2023 Earnings Note – Resilient Performance amidst Macro Headwinds
Below is a detailed overview of the financial performance of MTN Nigeria Communications Plc during the third quarter of 2023. Data ReveData Revenue Supports Revenue Growth In its recently released Q3:2023 financial result, MTN Nigeria Communications Plc (MTNN) noted increased revenue, exceeding its growth from a year ago. Topline grew by 21.76% YoY to NGN1.77trn […]
Daily Market Update | 16-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive today, as its benchmark index, the NGX All Share Index (ASI) went up by 0.02% to 71,025.16 points. This marginal gain was spurred on by gains in Nigerian Breweries, MTNN and Oando PLC offsetting losses in Zenith Bank, E-Tranzact and UBA. Notably the market’s year-to-date […]
