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Daily Market Update

December 7, 2023

Daily Market Update | 07-12-2023

Daily Market Update (Equities) The Nigerian equities market witnessed a downward trajectory today as its benchmark index, the NGX All Share Index (ASI), declined by 0.49% to reach 71,457.92 points.…

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Daily Market Update

December 6, 2023

Daily Market Update | 06-12-2023

Daily Market Update (Equities) The Nigerian Equities market continued its positive trajectory, as its benchmark index, the NGX All Share Index (ASI) rose by 0.78% to 71,808.64 points. Consequently, its…

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Daily Market Update

December 5, 2023

Daily Market Update | 05-12-2023

Daily Market Update (Equities) The Nigerian Equities market rebounded from its loss yesterday, as its benchmark index, the NGX All Share Index (ASI) rose by 0.43% to 71,250.17 points. Consequently,…

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Economic Reports

December 5, 2023

Q3 2023Foreign Trade in Goods Statistics | Four Consecutive Quarters of Trade Surplus

Four Consecutive Quarters of Trade Surplus In the recently released Q3:2023 Foreign Trade in Goods statistics report by the National Bureau of Statistics (NBS), Total Trade in the quarter jumped…

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Daily Market Update

December 4, 2023

Daily Market Update | 04-12-2023

Daily Market Update (Equities) The Nigerian Equities market started the week on a negative note, as its benchmark index, the NGX All Share Index (ASI) went down by 0.66% to…

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Monthly Equities Report

December 4, 2023

Monthly Equities Market Report | November 2023

Global Market Overview Easing Inflation and Hawkish Pause Fuels Optimism across Markets In a welcome turnaround, the global equities market finally caught a break in November 2023, snapping a three-month…

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Monthly Fixed Income Report

December 4, 2023

Monthly Fixed Income Market Report | November 2023

Monthly Fixed Income Market Report The FGN bond market ended the month on a bearish note with the average yield increasing by 40bps Month-on-Month (MoM) to close at 15.72%. Conversely,…

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Weekly Market Update

December 4, 2023

Weekly Commentary and Stock Recommendation: 27th November – 1st December 2023

Global Economy Earlier this week, according to the US Bureau of Economic Analysis, the US Real Gross Domestic Product increased at a rate of 5.2% YoY in Q3:2023, according to…

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Daily Market Update

November 29, 2023

Daily Market Update 29-11-2023

Daily Equities Market Update (Equities) Today, Nigerian Equities market closed with positive sentiment  as its benchmark index rose by 0.34% to 71,041.29 points. As a result, its year-to-date (YtD) returns…

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Daily Market Update

November 28, 2023

Daily Market Update 28-11-2023

Daily Equities Market Update (Equities) Today, Nigerian Equities market closed with a negative performance  as its benchmark index fell by 0.44% to 71,049.29 points. As a result, its year-to-date (YtD)…

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Daily Market Update

November 27, 2023

Daily Market Update 27-11-2023

Daily Equities Market Update (Equities) Today, Nigerian Equities market closed with a positive performance  as its benchmark index went up by 0.18% to 71,353.81 points. As a result, its year-to-date…

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Economic Reports

November 27, 2023

Q3:2023 GDP Report | A Show of Resilience amid Economic Challenges

A Show of Resilience amid Economic Challenges In the recently published Q3:2023 GDP report by the NBS, the Nigerian economy grew modestly by 2.54% YoY compared to 2.51% YoY in…

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Weekly Market Update

November 24, 2023

Weekly Commentary and Stock Recommendation: 20th November – 24th November 2023

Global Economy Earlier this week, according to S&P Global, the US private sector's economic activity grew at a moderate rate in November 2023, with the S&P Global Composite PMI remaining…

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Daily Market Update

November 23, 2023

Daily Market Update | 23-11-2023

Daily Market Update (Equities) The Nigerian Equities market closed positive today, as its benchmark index, the NGX All Share Index (ASI) went up by 0.06% to 71,050.87 points. This performance…

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Daily Market Update

November 22, 2023

Daily Market Update | 22-11-2023

Daily Market Update (Equities) The Nigerian Equities market closed negative today, as its benchmark index, the NGX All Share Index (ASI) went down by 0.09% to 71,004.95 points. This decline…

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Daily Market Update

November 21, 2023

Daily Market Update | 21-11-2023

Daily Market Update (Equities) The Nigerian Equities market closed positive today, as its benchmark index, the NGX All Share Index (ASI) went up by 0.08% to 71,066.55 points. This performance…

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Daily Market Update

November 20, 2023

Daily Market Update | 20-11-2023

Daily Market Update (Equities) The Nigerian Equities market closed negative today, as its benchmark index, the NGX All Share Index (ASI) went down by 0.15% to 71,008.70 points. This decline…

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Earnings ReportResearch

November 20, 2023

Airtel Africa Plc H1:2024 FYE Performance – Charting through Tumultuous Headwinds

Below is a detailed overview of Airtel Africa Plc's performance during the first half of its fiscal year. FX Devaluation Hinder Revenue Growth In its recently released H1:2024 financial result,…

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Weekly Market Update

November 17, 2023

Weekly Commentary and Stock Recommendation: 13th November – 17th November 2023

Global Economy Earlier this week, the US Bureau of Labor Statistics (BLS) released the October 2023 Consumer Price Index for All Urban Consumers (CPI-U) data. According to the data, inflation…

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Daily Market Update

November 17, 2023

Daily Market Update | 17-11-2023

Daily Market Update (Equities) The Nigerian Equities market closed positive today, as its benchmark index, the NGX All Share Index (ASI) went up by 0.12% to 71,112.99 points. This was…

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Economic Reports

November 16, 2023

October 2023 CPI Report | Rising Prices Remain Unabated

Rising Prices Remain Unabated Yesterday, the National Bureau of Statistics (NBS) released the inflation report for October 2023. Headline inflation jumped by 61bps to reach 27.33% YoY (vs 26.72% YoY…

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Earnings Report

November 16, 2023

MTNN Plc Q3:2023 Earnings Note – Resilient Performance amidst Macro Headwinds

Below is a detailed overview of the financial performance of MTN Nigeria Communications Plc during the third quarter of 2023. Data ReveData Revenue Supports Revenue Growth In its recently released…

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Daily Market Update

November 16, 2023

Daily Market Update | 16-11-2023

Daily Market Update (Equities) The Nigerian Equities market closed positive today, as its benchmark index, the NGX All Share Index (ASI) went up by 0.02% to 71,025.16 points. This marginal…

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Daily Market UpdateUncategorized

November 15, 2023

Daily Market Update | 15-11-2023

Daily Market Update (Equities) The Nigerian Equities market closed positive as its benchmark index gained 0.19% to settle at 71,014.34 points. This is on the back of gains recorded in…

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Uncategorized

November 14, 2023

Daily Market Update | 14-11-2023

Daily Market Update (Equities) The Nigerian Equities market rebounded from its negative outing yesterday, as its benchmark index gained 0.37% to settle at 70,876.35 points. This is onthe back of…

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Daily Market Update

November 13, 2023

Daily Market Update | 13-11-2023

Daily Market Update (Equities) The Nigerian Equities market begun the week on a negative note, as its benchmark index dropped 0.33% to settle at 70,612.81 points (Year-to-Date return: 37.84%). The…

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Daily Market Update

November 10, 2023

Daily Market Update | 10-11-2023

Daily Market Update (Equities) The Nigerian Equities market ended today's trading session on a positive note as its benchmark index added 0.05% to settle at 70,854.18 points. The market's year-to-date…

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Weekly Market Update

November 10, 2023

Weekly Commentary and Stock Recommendation: 6th November – 10th November 2023

Global Economy According to the Chinese National Bureau of Statistics, China’s headline Consumer Price Index (CPI) declined by 0.2% YoY in October 2023 (vs. negative 0.1% in September 2023). On…

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News

November 10, 2023

News Flash | Fitch Ratings affirms Nigeria’s “B-” Rating

Fitch Ratings, a credit rating agency that rates institutions, corporations, and countries for their creditworthiness, has affirmed Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook.…

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Daily Market UpdateUncategorized

November 9, 2023

Daily Market Update | 09-11-2023

Daily Market Update (Equities) The Nigerian Equities market close the today on a positive note as its benchmark index rose by 0.10% to settled at 70,819.58 points. Consequently, the year-to-date…

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