Daily Market Update|26-08-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive with the NGX All-Share Index (ASI) surging by 0.07% to settle at 96,037.28 points. Also, the market’s year-to-date (YtD) returns increased to 28.44% compared to 28.35% last week Friday. Today, the total volume traded increased by 16.67% to 377.18mn units and value traded decreased […]
Weekly Commentary and Stock Recommendation: 19th August – 23rd August 2024
Global Economy Earlier this week, S&P Global released a series of Purchasing Managers’ Index (PMI) reports for the US, UK and Eurozone. The headline S&P Global Flash US PMI Composite Output Index edged down from 54.3 points in July 2024 to a four-month low of 54.1 points in August 2024. Output has now risen continually […]
Daily Market Update | 19-08-2024
Daily Market Update (Equities) Following a further negative run in the Nigerian equities market, the NGX All-Share Index (ASI) fell by 1.36% to settle at 95,779.79 points. Consequently, the market’s year-to-date (YtD) returns decreased to 28.09% compared to 29.86% on Friday. Today, market activity made a positive performance, as total volume and value traded increased […]
Daily Market Update | 29-07-2024
Daily Market Update (Equities) The Nigerian equities market continue it bearish run this week as the NGX All Share Index declined by 0.07%, closing at 98,132.15 points. This pushed the market’s year-to-date (YTD) return down to 31.23%, compared to 31.33% YTD on Friday. Gains in ZENITH, JULIUS BERGER, and ECOBANK were the main drivers of […]
Weekly Commentary and Stock Recommendation: 22nd July – 26th July 2024
Global Economy Earlier this week, S&P Global published a series of Purchasing Manager Index (PMI) data for key global economies. The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index decreased to 50.1 in July 2024 from 50.9 in June 2024, hovering just above the no-change mark and indicating near-stagnation in private sector activity. Although […]
Daily Market Update | 26-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed the week negative as the NGX All Share Index fell by 1.95%, its fourth consecutive daily decline, closing at 98,201.49 points. This pushed the market’s year-to-date (YTD) return down to 31.33%, compared to 33.95% YTD yesterday. Losses in DANGCEM, GTB, and ACCESS were the main […]
Daily Market Update | 25-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.21%, closing at 100,156.96 points. This pushed the market’s year-to-date (YTD) return down to 33.95%, compared to 34.23% YTD yesterday. Losses in ZENITH, FBNH, and UBA were the main drivers of the negative performance, outweighing gains […]
Daily Market Update | 24-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.12%, closing at 100,365.17 points. This pushed the market’s year-to-date (YTD) return down to 34.23%, compared to 34.39% YTD yesterday. Losses in UBA, DANGSUGAR, and FBNH were the main drivers of the negative performance, outweighing gains […]
Daily Market Update | 23-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.08%, closing at 100,486.12 points. This pushed the market’s year-to-date (YTD) return down to 34.39%, compared to 34.50% YTD yesterday. Losses in ZENITH, UBA, and FBNH were the main drivers of the negative performance, outweighing gains […]
Daily Market Update | 22-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive as the NGX All Share Index surged by 0.03%, closing at 100,568.60 points. This pushed the market’s year-to-date (YTD) return up to 34.50%, compared to 34.46% YTD on Friday. Gains in ZENITH, JULIUS BERGER, and ECOBANK were the main drivers of the positive performance, […]
