Monetary Policy Committee Meeting Update – July 2024 | Tapping the Breaks
Following the 296th CBN Monetary Policy Committee (MPC) meeting held on the 22nd and 23rd of July 2024, the committee decided to extend their restrictive monetary policy measures for the fourth (4th) consecutive meeting this year. These measures reflect the committee’s ongoing efforts to manage inflation and stabilize the economy. Notably, this is the slowest […]
Daily Market Update | 24-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.12%, closing at 100,365.17 points. This pushed the market’s year-to-date (YTD) return down to 34.23%, compared to 34.39% YTD yesterday. Losses in UBA, DANGSUGAR, and FBNH were the main drivers of the negative performance, outweighing gains […]
Daily Market Update | 23-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.08%, closing at 100,486.12 points. This pushed the market’s year-to-date (YTD) return down to 34.39%, compared to 34.50% YTD yesterday. Losses in ZENITH, UBA, and FBNH were the main drivers of the negative performance, outweighing gains […]
Daily Market Update | 22-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive as the NGX All Share Index surged by 0.03%, closing at 100,568.60 points. This pushed the market’s year-to-date (YTD) return up to 34.50%, compared to 34.46% YTD on Friday. Gains in ZENITH, JULIUS BERGER, and ECOBANK were the main drivers of the positive performance, […]
Weekly Commentary and Stock Recommendation: 15th July – 19th July 2024
Global Economy According to the Office of National Statistics, the UK’s Consumer Prices Index (CPI) rose by 2.0% YoY in June 2024, unchanged from May 2024. On a MoM basis, CPI rose by 0.1% in June 2024, the same rate as in June 2023. Core CPI (excluding energy, food, alcohol and tobacco) rose by 3.5% […]
Daily Market Update
Today, the Nigerian Equities market closed on a positive note, as the All-Share Index (ASI) increased by 0.47% to 100,503.21 points. Consequently, the market year-to-date (YtD) return rose to 34.41% from yesterday’s 33.94% YtD. This increase was driven by gains in AIRTELAFRI, UCAP, and OANDO, offsetting losses in ZENITH, FBNH, and UBA. Today, total volume […]
June 2024 CPI Report | Bucking the Trends
Headline Inflation Transcends to 34.19% YoY in June 2024 According to the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) for June 2024, Nigeria’s headline inflation rate continued its upward trend, rising by 24bps to a staggering 34.19% Year-on-Year (YoY) compared to 33.95% YoY reported in May 2024. This increase […]
Daily Equities Market Update
Today, the Nigerian Equities market closed on a positive note, as the All-Share Index (ASI) increased by 0.10% to 100,075.59 points. Consequently, the market year-to-date (YtD) return rose to 33.84% from yesterday’s 33.30% YtD. This increase was driven by gains in ZENITH, UBA, and FBNH. offsetting losses in STANBICIBTC, TRANSCORP, and DANGSUGAR. Today, total volume […]
Staying Above Water | H2:2024 Nigeria Strategy Report
As we look ahead to H2:2024, it’s essential to understand what has been happening in both the global and local economies and what we might expect. In H1:2024, the economies of the United States and the United Kingdom struggled with rising prices and concerns about output. Although there has been some relief, these problems persist, […]
Daily Market Update
Today, the Nigerian Equities market closed on a positive note, as the All-Share Index (ASI) increased by 0.30% to 99,966.28 points. Consequently, the market year-to-date (YtD) returns rose to 33.69% from last Friday’s 33.30% YtD. This increase was driven by gains in CUTIX, IKEJAHOTEL and ROYALEX offsetting losses in CHELLARAM, CONRERST and LINKASSURE Today, total […]
