Daily Market Update | 28-08-2023
Daily Market Update (Equities) The Nigerian Equities Market started the week on a positive note as its benchmark index rose by 0.90% to settle at 66,151.38 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns surged to 29.07% (Last Friday: 27.92% YtD). Gains in BUAFOODS, DANGSUGAR, TRANSCORP, NASCON and FIDELITY offset the losses recorded […]
Weekly Commentary and Stock Recommendation: 21st August – 25th August 2023
This is a brief summary of the economic events that occurred this week in the global and domestic space. This report also provides investment strategies for investors in the coming week. Global Economy Earlier this week, the BRICS (Brazil, Russia, India, China, South Africa) member nations convened for their 15th anniversary summit in South Africa, […]
Daily Market Update | 25-08-2023
Daily Market Update (Equities) The Nigerian Equities Market ended the week on a positive note as its benchmark index rose by 0.24% to 65,558.91 points. Consequently, its Year-to-Date return printed at 27.92% (Yesterday: 27.61%). The strong market performance was primarily driven by gains in DANGSUGAR, TRANSCORP, NASCON, INTBREW, and FCMB offsetting the losses in FBNH, […]
Daily Market Update | 24-08-2023
Daily Market Update (Equities) The Nigerian Equities Market halted its positive run for the week and recorded negative returns in today’s trading session. The benchmark index lost 0.14% to settle at 65,401.82 points while the Year-to-Date (YtD) returns fell to 27.61% (Yesterday: 27.79% YtD). Losses in FBNH, ACCESSCORP and ZENITHBANK offset the gains recorded in […]
Daily Market Update | 23-08-2023
Daily Market Update (Equities) The Nigerian Equities Market extended its positive run for the third day this week, however at a much slower pace. The market’s benchmark index increased marginally by 0.01% to 65,492.92 points. Also, the Year-to-Date (YtD) returns settled at 27.79% from yesterday’s 27.78% YtD. Losses in GTCO, ZENITHBANK, FBNH and NB dragged […]
Daily Market Update | 22-08-2023
Today, the Nigerian Equities Market observed gains as its benchmark index increased by 0.44% to 65,488.67 points. Hence, its Year-to-Date returns settled at 27.78% from 27.22% Yesterday. We believe the positive performance in the market today was primarily driven by gains in BUAFOODS, DANGSUGAR, TRANSCORP, NASCON and GUINNESS, offsetting the losses recorded in NB, FBNH, […]
Daily Market Update | 21-08-2023
Daily Market Update (Equities) Today, the Nigerian Equities Market started the week with gains as its benchmark index increased by 0.71% to 65,202.41 points. Hence, its Year-to-Date returns settled at 27.22% from 26.33% last week Friday. We believe the positive performance inn the market today was primarily driven by gains in BUAFOODS, STANBIC, DANGSUGAR, TRANSCORP […]
Weekly Commentary and Stock Recommendation: 14th August – 18th August 2023
This is a brief summary of the economic events that occurred this week in the global and domestic space. This report also provides investment strategies for investors in the coming week. Global Economy Earlier this week, the United Kingdom (UK) Office for National Statistics published its Consumer Price Index (CPI) data for July 2023. The […]
CBN’s Financial Statements | Letting the Cat Out of the Bag
Last week marked a significant development as the Central Bank of Nigeria (CBN) unveiled its financial statements spanning the period from 2016 to 2022. This disclosure comes on the heels of the suspension of Mr. Godwin Emefiele, the former governor of the bank. We believe that this move aligns with the new administration’s commitment to […]
Daily Market Update | 18-08-2023
The Nigerian Equities Market closed the week on a positive note as its benchmark index surged by 0.46% to 64,743.96 points. Consequently, its Year-to-Date return printed at 26.33% (Yesterday: 25.75%). The strong market performance was primarily driven by gains in DANGCEM, MTNN, ACCESSCORP, TRANSCORP, and FBNH offsetting the losses in GTCO, SEPLAT, DANGSUGAR, and FIDELITY. […]
