Daily Market Update | 15-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive as its benchmark index gained 0.19% to settle at 71,014.34 points. This is on the back of gains recorded in BUACEMENT, GTCO and ONADO offsetting losses incurred in Zenith, Fidelity and UBA. Consequently, the market’s year-to-date returns (YtD) moved up to 38.56% from 38.29% yesterday. […]
Daily Market Update | 14-11-2023
Daily Market Update (Equities) The Nigerian Equities market rebounded from its negative outing yesterday, as its benchmark index gained 0.37% to settle at 70,876.35 points. This is onthe back of gains recorded in BUACEMENT, ZENITHBANK and GTCO offsetting losses incurred in FIDELITYBANK, INTBREW and TRANSCORP. Consequently, the market’s year-to-date returns (YtD) moved up to 38.29% […]
Daily Market Update | 13-11-2023
Daily Market Update (Equities) The Nigerian Equities market begun the week on a negative note, as its benchmark index dropped 0.33% to settle at 70,612.81 points (Year-to-Date return: 37.84%). The market was overrun by losses incurred on BUACEMENT, SEPLAT and ACCESSCORP, regardless of the gains on MTNN, ZENITHBANK and OANDO. Total Volume traded fell by […]
Daily Market Update | 10-11-2023
Daily Market Update (Equities) The Nigerian Equities market ended today’s trading session on a positive note as its benchmark index added 0.05% to settle at 70,854.18 points. The market’s year-to-date (YtD) returns consequently increased to 38.25% from yesterday’s 38.18%. Gains in FCMB, ECOBANK and PZ Cussons offset losses in Fidelity, GTCO and DANGOTE SUGAR. Today, […]
Weekly Commentary and Stock Recommendation: 6th November – 10th November 2023
Global Economy According to the Chinese National Bureau of Statistics, China’s headline Consumer Price Index (CPI) declined by 0.2% YoY in October 2023 (vs. negative 0.1% in September 2023). On a MoM basis, CPI edged lower by 0.1% in October 2023 (vs. a 0.2% gain in September 2023). The headline figure was dragged by a […]
News Flash | Fitch Ratings affirms Nigeria’s “B-” Rating
Fitch Ratings, a credit rating agency that rates institutions, corporations, and countries for their creditworthiness, has affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Rating Drivers Fitch emphasized key factors such as Nigeria’s large economy, developed and liquid domestic debt market, and large oil and gas reserves, as an […]
Daily Market Update | 09-11-2023
Daily Market Update (Equities) The Nigerian Equities market close the today on a positive note as its benchmark index rose by 0.10% to settled at 70,819.58 points. Consequently, the year-to-date returns printed at 38.18% YtD (vs. Yesterday: 38.04% YtD). The gains in FBNH, Fidelity and GTB offset losses incurred in Zenith, NASCON and DANGOTE SUGAR. […]
Daily Market Update | 08-11-2023
Daily Market Update (Equities) The Nigerian Equities market close the today on a positive note as its benchmark index rose by 0.19% to settled at 70,748.97 points. Consequently, the year-to-date returns printed at 38.04% YtD (vs. Yesterday: 37.78% YtD). The gains in BUA Cement, UBA and LAFARGE offset losses incurred in Fidelity, PZ Cussons and […]
Daily Market Update | 07-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed today on a positive note as the benchmark index increase by 0.19% to 70,613.60 points. As a result, its year-to-date (YtD) returns rose to 37.78% (vs. Yesterday YtD: 37.52%). The Total Volume and Value traded for today are 449.28mn units and NGN5.44bn respectively. FBNH traded the […]
Daily Market Update | 06-11-2023
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note as the benchmark index rose by 0.40% to 70,479.62 points. As a result, its year-to-date (YtD) returns rose to 37.52% (vs. Friday’s YtD: 36.97%). The gains recorded in BUA Cement, SEPLAT and Fidelity offset the losses incurred in SANBIC IBTC, […]
