Daily Market Update | 12-10-2023
Daily Market Update (Equities) The Nigerian Equities market continued its positive streak as its benchmark index rose by 0.05% to 67,133.19 points. Notably, its year-to-date (YtD) returns climbed to 30.99% (vs. Yesterday’s YtD: 30.93%). The gains recorded in ZENITHBANK, UBA and UNILEVER offset the losses incurred in GTCO, Transnational Corp and UNITEDCAP. The Total Volume […]
Daily Market Update | 11-10-2023
Daily Market Update (Equities) The Nigerian Equities market bounced back from its loss yesterday to close positive as its benchmark index increased by 0.17% to 67,100.49 points. Consequently, its year-to-date (YtD) returns increased to 30.93% (vs. Yesterday’s YtD: 30.70%). The gains recorded in BUACEMENT, Transnational Corp and UBN offset the losses incurred in GTCO, OANDO […]
Daily Market Update | 10-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed negative as its benchmark index declined by 0.17% to 66,984.62 points. Consequently, its year-to-date (YtD) returns increased to 30.70% (vs. Friday’s: 30.93% YtD). The losses recorded in PRESCO, ECOBANK and GTCO offset the gains incurred in OANDO, Capital Hotel and Fidson Healthcare. The Total Volume and […]
Q2:2023 Capital Importation Report | Structural Issues Continue to Constrain Capital Inflow
We recently published a report on Nigeria’s Capital Importation for the second quarter of 2023. The report shows the current trajectory of foreign investment inflows into the country and our outlook for capital importation in the remaining quarters of the year. DATA ON CAPITAL IMPORTATION Recently, the National Bureau of Statistics published its Capital Importation […]
Daily Market Update | 09-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive as its benchmark index surged by 0.97% to 67,101.33 points. Consequently, its year-to-date (YtD) returns increased to 30.93% (vs. Friday’s: 29.66% YtD). The gains recorded in BUACEMENT, NB and DANGSUGAR offset the losses incurred in International Breweries, GTCO and E-Tranzact International. The Total Volume and […]
Ghana Update: IMF reaches Staff Level Agreement on the First Review of the Extended Credit Facility
IMF reaches Staff Level Agreement on the First Review of the Extended Credit Facility On Friday 6th October 2023, the IMF staff and the Ghanaian authorities reached a staff-level agreement on economic policies and reforms to conclude the first review of the 36-month ECF-supported program. We may recall that on May 17th, 2023, the […]
Daily Market Update | 6-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed the week on a negative note as its benchmark index fell by 0.17% to 66,454.57 points. As a result, its year-to-date (YtD) returns dropped to 29.66% (vs. Yesterday: 29.89% YtD). The losses incurred in Dangote Cement PLC, Oando and Nigeria Breweries PLC offset the gains recorded […]
Weekly Commentary and Stock Recommendation: 3rd October – 6th October 2023
Global Economy Earlier this week, according to Eurostat, Eurozone retail sales in the 20 countries sharing the Euro fell 1.2% MoM in August 2023 (vs. -0.1% MoM in July 2023). In August 2023, the calendar adjusted retail sales index decreased by 2.1% YoY in the euro area. The monthly fall was caused mainly by a […]
Monthly Fixed Income Market Report | September2023
Monthly Fixed Income Market Report The FGN bond market closed the month bearish as average yield surged 38bps Month-on-Month (MoM) to settle at 14.44%. Similarly, the Nigerian Treasury Bills Market closed the month bearish, as average yield went up by 67bps MoM to close at 7.94%. Overall, the secondary Fixed Income market closed on a […]
Daily Market Update | 5-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive as its benchmark index rose by 0.13% to 66,570.19 points. As a result, its year-to-date (YtD) returns increased to 29.89% (vs. Yesterday: 29.72% YtD). The gains recorded in DANSUGAR, International Breweries PLC and NASCON offset the losses incurred in Champion Breweries PLC, Flour Mills of […]
