Daily Market Update | 08-12-2023
Daily Market Update (Equities) The Nigerian equities market closed positive today as its benchmark index, the NGX All Share Index (ASI), rose by 0.12% to reach 71,541.74 points. Consequently, its Year-to-Date (YtD) returns went up to 39.59% compared to yesterday’s 39.43%. Gains recorded in AIRTELAFRICA, ECOBANK, and UBA offset the losses in FBNH, BUACEMENT, and […]
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. Consequently, its Year-to-Date (YtD) returns dropped to 39.43% compared to yesterday’s 40.11%. Losses recorded in FBN Holdings, Access Holdings, and Zenith offset the gains in […]
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 70,946.83 points. Consequently, its Year-to-Date (YtD) returns declined to 38.43% from 39.35% last Friday. This decline can be attributed to losses in BUACEMENT, ZENITH and […]
Weekly Commentary and Stock Recommendation: 11th September – 15th September 2023
Global Economy According to its September Global Economic Outlook report, Fitch Ratings has revised up its forecast for world growth in 2023 by 0.1% to 2.5%, reflecting surprising resilience so far this year in the US, Japan, and emerging markets (EM) excluding China. Fitch has raised US growth by 0.8% to 2.0%, Japan by 0.7% […]
Weekly Commentary and Stock Recommendation: 4th September – 8th September 2023
Global Economy In Q2:2023, seasonally adjusted GDP increased by 0.10% QoQ in the Euro Area and was stable in the European Union (EU), according to Eurostat. In Q1:2023, GDP had increased by 0.10% QoQ in the euro area and by 0.20% QoQ in the EU. Furthermore, compared with Q2:2022, seasonally adjusted GDP increased by 0.50% […]
Weekly Commentary and Stock Recommendation: 28th August – 1st September 2023
This is a brief summary of the economic events that occurred this week in the global and domestic space. This report also provides investment strategies for investors in the coming week. Global Economy Earlier this week, China released their Purchasing Manager Index (PMI) data, which surveys large as well as state-owned companies, closed in a […]
Weekly Commentary and Stock Recommendation: 21st August – 25th August 2023
This is a brief summary of the economic events that occurred this week in the global and domestic space. This report also provides investment strategies for investors in the coming week. Global Economy Earlier this week, the BRICS (Brazil, Russia, India, China, South Africa) member nations convened for their 15th anniversary summit in South Africa, […]
Weekly Commentary and Stock Recommendation: 24th July – 28th July 2023
This is a brief summary of the economic events that occurred this week in the global and domestic space. This report also provides investment strategies for investors in the coming week. Global Economy Earlier this week, the US Federal Reserve (Fed) announced a hike in its benchmark rate for the 11th time since its hiking […]
