Daily Market Update | 14-08-2024
Daily Market Update (Equities) Following a further negative run in the Nigerian equities market, the NGX All-Share Index (ASI) fell by 0.14% to settle at 97,248.82 points. Consequently, the market’s year-to-date (YtD) returns decreased to 30.60% compared to 30.25% yesterday. This bearish run was driven by losses in OANDO (-9.95% to NGN36.20), SEPLAT (-1.26% to […]
Daily Market Update | 13-08-2024
Daily Market Update (Equities) Today, the Nigerian equities market extended its downward trend for the consecutive trading day this week, as the NGX All Share Index (NGX ASI) declined by 0.50% to 97,390.01 points. As a result, the market’s year-to-date (YtD) returns dipped further to 30.25% compared yesterday’s 30.90% YtD returns. The negative sentiment witnessed […]
Daily Market Update | 12-08-2024
Daily Market Update (Equities) The Nigerian equities market began the week on a negative foot, as the NGX All Share Index (NGX ASI) lost 0.73% to 97,881.75 points. This is following losses incurred in BUACEMENT (-11.33% to NGN114.30), TRANSCORP (-1.42% to NGN96.90) and ZENITHBANK (-0.77% to NGN38.55), which offset gains in OANDO (+9.98% to NGN44.65), […]
Daily Market Update | 5-08-2024
Daily Market Update (Equities) The Nigerian equities market began the week on a negative foot, as the NGX All Share Index (NGX ASI) lost 0.17% to 97,,582.41 points. This is following losses incurred in MTNN (-5.95% to NGN178.70), TRANSCORP (-1.79% to NGN11.00) and STERLINGNG (-2.99% to NGN3.90), which offset gains in PRESCO (+10.00% to NGN485.10), […]
Daily Market Update | 1-08-2024
Daily Market Update (Equities) For the fourth (4th) day this week, the Nigerian equities market closed on a negative note, with the NGX All Share Index declining by 0.42% to close at 97,359.76 points. This decrease brought the market’s year-to-date (YTD) return down to 30.21%, a slight drop from yesterday’s 30.76% YTD. The negative performance […]
Daily Market Update | 31-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market concluded the day on a negative note, with the NGX All Share Index declining by 0.06% to close at 97,774.22 points. This decrease brought the market’s year-to-date (YTD) return down to 30.76%, a slight drop from yesterday’s 31.24% YTD. The negative performance was primarily driven by […]
Daily Market Update | 29-07-2024
Daily Market Update (Equities) The Nigerian equities market continue it bearish run this week as the NGX All Share Index declined by 0.07%, closing at 98,132.15 points. This pushed the market’s year-to-date (YTD) return down to 31.23%, compared to 31.33% YTD on Friday. Gains in ZENITH, JULIUS BERGER, and ECOBANK were the main drivers of […]
Weekly Commentary and Stock Recommendation: 22nd July – 26th July 2024
Global Economy Earlier this week, S&P Global published a series of Purchasing Manager Index (PMI) data for key global economies. The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index decreased to 50.1 in July 2024 from 50.9 in June 2024, hovering just above the no-change mark and indicating near-stagnation in private sector activity. Although […]
Daily Market Update | 26-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed the week negative as the NGX All Share Index fell by 1.95%, its fourth consecutive daily decline, closing at 98,201.49 points. This pushed the market’s year-to-date (YTD) return down to 31.33%, compared to 33.95% YTD yesterday. Losses in DANGCEM, GTB, and ACCESS were the main […]
Daily Market Update | 25-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.21%, closing at 100,156.96 points. This pushed the market’s year-to-date (YTD) return down to 33.95%, compared to 34.23% YTD yesterday. Losses in ZENITH, FBNH, and UBA were the main drivers of the negative performance, outweighing gains […]
