Daily Market Update | 03-08-2023
Daily Market Update (Equities) The Nigerian Equities Market continued a positive run for the second time this week as its benchmark index rose by 1.55% to 65,263.06 points. Consequently, its Year-to-Date return printed at 27.34% (Yesterday: 25.40%). The market movers for today include MTNN, Dangote Sugar, Nigeria Breweries, Access Holdings and UBA. Today, FCMB traded […]
Daily Market Update | 2-08-2023
Daily Market Update (Equities) The Nigerian Equities Market experienced a positive run for the first time this week as its benchmark index rose by 0.12% to 64,267.36 points. Consequently, its Year-to-Date return printed at 25.40% (Yesterday: 25.25%). The market movers for today include Dangote sugar, Lafarge, Nigeria Breweries, NASCON and FBN Holdings. Today, FBNH traded […]
Daily Market Update | 1-08-2023
Daily Market Update (Equities) The Nigerian Equities market continued its negative run this week as its benchmark index fell by 0.23% to 64,192.20 points. Consequently, its Year-to-Date return printed at 25.25% (Yesterday: 25.53%). The market movers for today include Dangote sugar, MTN Nigeria, Nigeria Breweries, Ecobank and AXA Mansard. Today, AIICO traded the highest in […]
Daily Market Update | 31-07-2023
Daily Market Update (Equities) The Nigerian Equities market continued its negative run this week as its benchmark index fell by 1.10% to 64,337.52 points. Consequently, its Year-to-Date return printed at 25.53% (Last Friday: 26.94%). The market movers for today include Conoil, FCMB, Custodian, Skyway and AXA. Today, ABBEYBDS traded the highest in terms of Volume […]
Weekly Commentary and Stock Recommendation: 24th July – 28th July 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 US Federal Reserve (Fed) announced a hike in its benchmark rate for the 11th time since its hiking […]
Daily Market Update | 28-07-2023
Daily Market Update (Equities) The Nigerian Equities market continued its negative run for the third consecutive time this week as its benchmark index fell by 0.65% to 65,056.39 points. Consequently, its Year-to-Date return printed at 26.94% (Yesterday: 27.77%). Gains in NASCON, TRANSCORP and Union Bank were significantly countered by losses in MTNN, FBNH and Nigerian […]
Daily Market Update | 27-07-2023
Daily Market Update (Equities) The Nigerian Equities market closed negative for the second consecutive time this week, as its benchmark index declined by 0.31% to settle at 65,482.91 points. As a result, its Year-to-Date return dropped to 27.77% from 28.17% yesterday. The market movers for today include Ecobank, Access, TotalEnergies, Skyway and Jaiz. Today, JAPAULGOLD […]
9M:2022 Nigerian Cement Sector Report: Sustaining Growth Amid Headwinds
In this report, we analyzed the Nigerian cement sector as well as the key players in the space. Competitive Landscape of the Nigerian Cement Industry The Nigerian cement sector is Oligopolistic, with three major cement producers leading the charge to cater for cement demand in the most populated country in Africa. Before the entry of […]
Nigerian Telecommunications Sector Report 2023 – A Beacon of Hope
In this report, we took a look at the Nigerian telecommunications sector and analyzed what shaped the space in 2022. We also gave our views on the performance of MTN Nigeria and Airtel Africa. Executive Summary 2022FY in the global economy was pervaded by uncertainties as the Russian-Ukraine conflict persisted, causing supply-chain disruption and rising […]
H1:2023 FBNH Earnings Result | Impressive Performance Rode on Fair Value Gains
In this report, we analyze the recently released financial results of FBN Holding Plc for the first half of 2023 and give our opinion of what the full-year performance would look like considering present realities and we revise our target price expectations for its stock price for the end of the year. Executive Summary In […]
