Daily Market Update | 14-02-2024
Daily Market Update (Equities) The Nigerian equities market made a positive comeback today, with the NGX All Share Index (ASI) increasing by 1.76% to settle at 103,498.28 points. Consequently, the year-to-date (YtD) returns rose to 38.42% (vs 36.02% YtD yesterday). Gains in AIRTELAFRI, BUAFOODS, and SEPLAT drove the market’s positive sentiment, while losses in BUACEMENT, […]
Daily Market Update | 13-02-2024
Daily Market Update (Equities) The Nigerian equities market closed lower today, with the NGX All Share Index (ASI) dipping by 0.33% to settle at 101,707.70 points. This decline pushed the year-to-date (YtD) returns down to 36.02%, compared to yesterday’s 36.47%. The market’s negative performance was primarily driven by losses in key banking stocks ZENITHBANK, UBA, […]
Daily Market Update | 12-02-2024
Daily Market Update (Equities) The Nigerian Equities market started the week positive with the NGX All Share Index (ASI) rising by 0.18% to 102,042.30 points. Consequently, the market’s year-to-date (YtD) returns climbed to 36.47% compared to 36.22% last Friday. Today, the Total Volume and Value traded declined by 24.68% and 30.31% each to 242.43mn units […]
Daily Market Update | 06-02-2024
Daily Market Update (Equities) The Nigerian Equities market closed the day on negative as the NGX All Share Index (ASI) decreased by 1.59% to 102,108.05 points. Consequently, the market’s year-to-date (YtD) returns settled at 36.56% from 38.63% yesterday. Total Volume and Value traded dipped by 43.98% and 62.06% each to 471.43mn units and NGN7.33bn respectively. […]
Weekly Commentary and Stock Recommendation: 29th January – 2nd February 2024
Global Economy In a coordinated stand against inflation, both the UK’s Bank of England (BOE) and the US Federal Reserve (Fed) held their key interest rates steady this week. While economic data showed some positive signs, the central banks emphasized their commitment to taming inflation pressures. The Fed opted to keep its federal funds rate […]
Daily Market Update | 02-02-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed positive as the benchmark index increased by 1.57% to 104,421.23 points. Consequently, the market’s year-to-date returns (YTD) increased to 39.65% (vs yesterday 37.48%). Market movers today were MTNN, FBNH, ACCESSCORP and DANGSUGAR while the draggers were NEM, UNITED CAPITAL, Nigerian Aviation Handling Co and STANBIC […]
Monthly Equities Market Update | January 2024
Global Market Overview: Mixed Optimism with UK and China Downturns The global equities market continued its bullish streak in January 2024, marking its third consecutive month of positive performance. The MSCI World Index led the charge, surging 1.14% month-on-month (MoM), with other major indices following suit. However, the UK’s FTSE 100 and China’s SHCOMP bucked the […]
Daily Market Update | 01-02-2024
Daily Market Update (Equities) The Nigerian Equities market had a positive trading session today as the NGX All Share Index (ASI) increased by 1.63% to 102,802.25points. Consequently, the market’s year-to-date (YtD) returns rose to 37.48% (vs 9.70% Yesterday). The gains recorded in BUA FOODS, Zenith Bank and GTCO offset the losses in MTN Nigeria, Computer […]
Daily Market Update | 30-01-2024
Daily Market Update (Equities) Today, the Nigerian Equities market witnessed a loss with the All-Share Index (ASI) declining by 1.50% to settle at 103,106.90 points. This was driven by losses in Access Holdings, UBA and Dangote Sugar, which offset the gains in Geregu, Ecobank and Wema bank. Consequently, the market’s year-to-date returns (YTD) fell to […]
Daily Market Update | 12-01-2024
Daily Market Update (Equities) The Nigerian equities market continued its positive streak today, with the NGX All Share Index (ASI) rising 0.54% to 83,042.96 points. The positive performance pushed the year-to-date (YtD) returns to 11.06%, up from 10.46% yesterday. The gains recorded in BUAFOODS, GTCO and Transnational Corp offset the losses in BUACEMENT, ZENITH and […]
