Weekly Commentary and Stock Recommendation: 8th July – 12th July 2024
Global Economy Earlier this week, data from the Chinese National Bureau of Statistics (NBS) showed China’s inflation was modest in June 2024. According to the NBS, China’s national consumer price index (CPI) increased by 0.2% YoY, compared to a 0.3% YoY increase in May 2024. Among them, urban prices rose by 0.2% YoY, while rural […]
Daily Market Update | 12-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market halted it negative trend as the NGX All Share Index surged by 0.20%, closing at 99,671.28 points. This pushed the market’s year-to-date (YTD) return up to 33.30%, compared to 33.03% YTD yesterday. Gains in SEPLAT, PRESCO, and GTCO were the main drivers of the positive performance, […]
Daily Market Update | 11-07-2024
Daily Market Update (Equities) The Nigerian equities market continued its downward trend for the fourth consecutive trading day this week. The NGX All Share Index dipped by 0.33%, closing at 99,468.90 points. This decline pushed the market’s year-to-date (YTD) return down to 33.03%, compared to 33.47% YTD yesterday. Losses in SEPLAT, TRANSCORP, and ACCESSCORP were […]
Daily Market Update | 10-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market continued its downward trend, albeit at a slow pace as the NGX All Share Index fell by 0.004% to close at 99,802.08 points. Consequently, the Market year-to-date (YtD) return declined to 33.47%, compared to yesterday’s 33.48% YtD. This performance was driven by losses in ZENITH, GTCO […]
Daily Market Update | 09-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market extended its negative trend as the NGX All Share Index fell by 0.02% to close at 99,805.95 points. As a result, the year-to-date (YtD) market return decreased to 33.48%, compared to 33.75% on Monday. However, trading activity saw a significant increase. The total volume traded decreased […]
Daily Market Update | 08-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market extended its negative trend as the NGX All Share Index fell by 0.02% to close at 100,006.79 points. As a result, the year-to-date (YtD) market return decreased to 33.75%, compared to 33.77% on Friday. This negative performance was driven by losses in TRANSCORP, PZ and FBNH […]
Weekly Commentary and Stock Recommendation: 1st July – 5th July 2024
Global Economy A private Purchasing Manager Index (PMI) survey released earlier this week stated that the Caixin/S&P Global manufacturing PMI increased to 51.8 in June 2024 from 51.7 in May 2024, which was the quickest clip since May 2021. For eight months running, the index—which primarily includes smaller, export-focused businesses—has been above the 50-point threshold […]
Daily Market Update | 05-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market extended its negative trend as the NGX All Share Index fell by 0.04% to close at 100,022.03 points. As a result, the year-to-date (YtD) market return declined to 33.77%, compared to 33.82% yesterday. This negative performance was driven by losses in FBNH, ACCESSCORP and JBERGER offsetting […]
Daily Market Update | 04-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market reversed course, shedding yesterday’s gains. The NGX All Share Index dipped 0.23% to close at 100,065.68 points. This decline pushed the year-to-date (YtD) return down to 33.82%, compared to 34.14% yesterday. This negative performance was driven by losses in MTNN, WAPCO and CHAMPION offsetting gains in […]
Daily Market Update | 03-07-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed on a positive note, with the NGX All Share Index (ASI) gaining 0.23% to settle at 100,299.48 points. This upward movement contributed to an increase in the market’s year-to-date (YtD) returns, which now stand at 34.14%, up from 33.83% recorded on Tuesday. Trading activities witnessed […]
