Weekly Commentary and Stock Recommendation: 14th October – 18th October 2024
Stock Market Despite observing losses in two (2) trading days this week, investors closed the week in a happy mood as the market gained 0.47% Week-on-Week (WoW), representing a market capitalization gain of NGN3.34trn. Consequently, the market’s Year-to-Date (YtD) return climbed to 31.16% (vs.30.54% YtD last Friday). This positive sentiment was driven by gains in […]
Daily Market Update|10-10-2024
Daily Market Update (Equities) The Nigerian stock market continued its downward trend, declining for the third (3rd) consecutive trading day, albeit at a slower pace by 0.01%. Market capitalization decreased by NGN5.72bn, bringing the year-to-date return to 30.36%, down from 30.38% YtD yesterday. The bearish sentiment was driven by UBA, FIDELITYBK, NB, and STERLING, which […]
Daily Market Update | 13-08-2024
Daily Market Update (Equities) Today, the Nigerian equities market extended its downward trend for the consecutive trading day this week, as the NGX All Share Index (NGX ASI) declined by 0.50% to 97,390.01 points. As a result, the market’s year-to-date (YtD) returns dipped further to 30.25% compared yesterday’s 30.90% YtD returns. The negative sentiment witnessed […]
Daily Market Update | 12-08-2024
Daily Market Update (Equities) The Nigerian equities market began the week on a negative foot, as the NGX All Share Index (NGX ASI) lost 0.73% to 97,881.75 points. This is following losses incurred in BUACEMENT (-11.33% to NGN114.30), TRANSCORP (-1.42% to NGN96.90) and ZENITHBANK (-0.77% to NGN38.55), which offset gains in OANDO (+9.98% to NGN44.65), […]
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 […]
Daily Market Update | 11-07-2024
Daily Market Update (Equities) The Nigerian equities market continued its downward trend for the fourth consecutive trading day this week. The NGX All Share Index dipped by 0.33%, closing at 99,468.90 points. This decline pushed the market’s year-to-date (YTD) return down to 33.03%, compared to 33.47% YTD yesterday. Losses in SEPLAT, TRANSCORP, and ACCESSCORP were […]
Daily Market Update | 10-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market continued its downward trend, albeit at a slow pace as the NGX All Share Index fell by 0.004% to close at 99,802.08 points. Consequently, the Market year-to-date (YtD) return declined to 33.47%, compared to yesterday’s 33.48% YtD. This performance was driven by losses in ZENITH, GTCO […]
Daily Market Update | 08-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market extended its negative trend as the NGX All Share Index fell by 0.02% to close at 100,006.79 points. As a result, the year-to-date (YtD) market return decreased to 33.75%, compared to 33.77% on Friday. This negative performance was driven by losses in TRANSCORP, PZ and FBNH […]
Weekly Commentary and Stock Recommendation: 1st July – 5th July 2024
Global Economy A private Purchasing Manager Index (PMI) survey released earlier this week stated that the Caixin/S&P Global manufacturing PMI increased to 51.8 in June 2024 from 51.7 in May 2024, which was the quickest clip since May 2021. For eight months running, the index—which primarily includes smaller, export-focused businesses—has been above the 50-point threshold […]
Daily Market Update | 05-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market extended its negative trend as the NGX All Share Index fell by 0.04% to close at 100,022.03 points. As a result, the year-to-date (YtD) market return declined to 33.77%, compared to 33.82% yesterday. This negative performance was driven by losses in FBNH, ACCESSCORP and JBERGER offsetting […]
