Daily Market Update | 20-12-2023
Daily Market Update (Equities) The Nigerian Equities market closed the day on a positive note as the NGX All Share Index (ASI) increased by 1.28% to 73,397.71 points. Consequently, the market’s year-to-date (YtD) returns settled at 43.21% from 41.40% yesterday. This was spurred on by gains in Airtel Africa, Stanbic and Transnational Corp offsetting losses […]
Daily Market Update | 18-12-2023
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the NGX All Share Index (ASI) gained 0.02% to settle at 72,404.91 points. Consequently, the market’s year-to-date (YtD) returns closed at 41.27%. This was driven by gains in Transcorp, Fidelity and UBA offsetting losses incurred in STANBIC, Guaranty Trust […]
Daily Market Update | 14-12-2023
Daily Market Update (Equities) For the fourth straight trading session, the Nigerian Equities market closed on a positive note, as the NGX All Share Index (ASI) gained 0.22% to settle at 72,458.03 points. Consequently, the market’s year-to-date (YtD) returns climbed to 41.38% (vs 41.07% yesterday). This was driven by gains in ACCESSCORP, ZENITH and UBA […]
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 its revised estimates. The increase in real GDP reflected increases in consumer spending, private inventory investment, exports, government spending, residential fixed investment, and nonresidential fixed […]
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 went up to 39.09 (vs. yesterday’s YtD: 38.61%). The losses recorded in , MAYER, NESTLE and NSLTECH offset the gains incurred in GUINEAINS, OMATEK and […]
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) returns declined to 38.61% (vs. yesterday’s YtD: 39.22%). The losses recorded in , OMATEK, IKEJAHOTEL, and NEIMETH offset the gains incurred in NSLTECH, ROYALEX and […]
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 (YtD) returns increased to 39.22% (vs. last Friday’s YtD: 38.98%). The gains recorded in , FBNH, MULTIVERSE, and NSLTECH offset the losses incurred in , […]
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 can be attributed to gains in GTCO, Beta Glass Plc and Zenith Bank Plc offsetting losses in FBN Holdings, Sterling Financial Holdings and Unilever Nigeria […]
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 can be attributed to losses in MTNN, FBN Holdings and DangSugar offsetting gains in GTCO, Zenith Bank and Unilever Nigeria Plc. Notably, the market’s year-to-date […]
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 was spurred on by gains in Lafarge Africa, GTCO and UBA offsetting losses in Oando, Champion Breweries and International Breweries. Notably, the market’s year-to-date (YtD) […]
