Post MPC Meeting Report – Hawkish MPC Tightens the Asymmetric Corridor
During the 292nd Monetary Policy Committee (MPC) meeting conducted on the 24th and 25th of July 2023, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) maintained its hawkish streak, for the eighth (8th) consecutive time since May 2022. The Monetary Policy Committee (MPC) decided to increase the Monetary Policy Rate (MPR) by 25bps to […]
Daily Market Update | 26-07-2023
Daily Market Update (Equities) The Nigerian Equities market closed negative for the first time this week, as its benchmark index declined by -0.46% to settle at 65,687.16 points. As a result, its Year-to-Date return dropped to 28.17% from 28.76% yesterday. The market movers for today include SEPLAT, Stanbic, Zenith, NASCON and Fidelity. Today, UBA recorded […]
Daily Market Update | 25-07-2023
Daily Market Update (Equities) The Nigerian Equities market sustained its upward trajectory, as its benchmark index went up by 0.69% to settle at 65,988.81 points. As a result, its Year-to-Date return went up to 28.76%. The market movers for today include MTN, SEPLAT and GEREGU. Today, JAPAULGOLD recorded the highest amount of trade in terms […]
Daily Market Update | 24-07-2023
Daily Market Update (Equities) The Nigerian Equities market begun the week on a positive note, as its benchmark index went up by 0.41% to settle at 65,268.28 points. As a result, its Year-to-Date return went up to 27.35% (Last Friday’s close: 26.83%). The market movers for today include Stanbic IBTC Holdings PLC, FBN Holdings PLC, […]
Investment Strategies from Major Policy Reforms in 2023
in this report, we highlighted major policy reforms in 2023 and their effect on the Nigerian economy as well as the capital market. We also provided capital market strategies that investors can employ amidst the series of new economic policies being implemented. Executive Summary Anchored by a new captain, the voyage, which is the Nigerian […]
Daily Market Update | 20-07-2023
Daily Market Update (Equities) The Nigerian Equities market rebounded from its loss yesterday, as its benchmark index gained 0.27% to close at 63,930.72 points. Consequently, its Year-to-Date returns increased to 24.74% from yesterday’s 24.40%. Geregu Power PLC and United Bank for Africa PLC recovered from their loss yesterday and emerged as the major market movers […]
Daily Market Update | 19-07-2023
Daily Market Update (Equities) For the first time this week, Nigerian Equities market closed on a negative note, as its benchmark index declined marginally by 0.01% to settle at 63,757.23 points. As a result, the Year-to-Date returns on the benchmark index declined to 24.40% (Yesterday: 24.42%). The major market movers for today include MTN Nigeria […]
June 2023 Inflation Report | Consistent Shocks to Consumers’ Wallet
We recently published a report on Nigeria’s Inflation for June 2023. The report shows that inflation has continued to rise. Consequently, we highlight reasons for this sustained movement as well as investment strategies that investors can undertake in the coming months so as to mitigate against rising inflation. INFLATION DATA FOR JUNE 2023 According to […]
Daily Market Update
Daily Market Update (Equities) Today, the Nigerian Equities market sustained its positive start to the week, as its benchmark index gained 1.31%. The major contributors to this positive performance were Dangote Cement, Transcorp Hotels PLC, FBN Holdings PLC, Guaranty Trust Holding Co PLC, Ecobank Transnational Inc amongst others. Consequently, the Year-to-Date return on the benchmark […]
Daily Market Update
Daily Market Update (Equities) In today’s daily market update, the Nigerian Equities market recovered from its negative close last week, as its benchmark index gained 0.60%. The primary drivers of the market’s positive performance were investors’ interest in FBN Holdings PLC, Access Holdings PLC, Geregu Power PLC, Zenith Bank PLC and United Bank for Africa […]
