Skip to main content

Global Market Overview: Global Equities Extend Winning Streak in February

In February 2024, the global equities market maintained its upward trend, extending its positive performance for the fourth (4th) month in a row. Consequently, the MSCI world Index surged by 4.11% month-on-month (MoM). This positive momentum extended to most of the major global Indices under our coverage, safe for the UK’s FTSE 100 which declined by 0.01% MoM.

Domestic Market: Equities Market Hit by Rising Yields

Following a high fixed income yield environment in February 2024 (average fixed income yield: +524bps MoM to 17.06%), the Nigerian equities market slipped into the bearish terrain as the NGX All Share Index (ASI) shed 116bps MoM to 99,980.30 points (vs. 101,154.13 points in January 2024).


Click here to read the full report

How useful was this post?

Click on a star to rate it!

Average rating 5 / 5. Vote count: 1

No votes so far! Be the first to rate this post.

Leave a Reply