Daily Market Update | 13-05-2024
Daily Market Update (Equities) Today, the Nigerian stock market ended on a down note, witnessing a 0.23% drop in the All-Share Index (ASI) to close at 97,473.98 points. This resulted in a decrease in the market’s year-to-date (YtD) returns to 30.36%. Market activity saw a negative trend, with total volume traded falling by 29.50% to […]
Weekly Commentary and Stock Recommendation: 6th May – 10th May 2024
Global Economy Earlier this week, we observed China’s Caixin/S&P Global services purchasing managers’ index (PMI) eased to 52.5 points in April 2024 from 52.7 points in March 2024, remaining in expansionary territory for the 16th straight month. The 50-mark separates expansion from contraction. Domestic Economy Earlier this week, the Central Bank of Nigeria (CBN) issued […]
Daily Market Update | 10-05-2024
Daily Market Update (Equities) The Nigerian Equities market ended the week on a negative note. The All-Share Index (ASI) shed 0.02% to settle at 98,234.24 points. Consequently, the market year-to-date (YtD) returns fell to 31.38% compared to 31.40% YtD yesterday. The was driven by losses in TRANSCORP, PZ, and FLOURMILLS offsetting the gains in GTCO, […]
Daily Market Update | 9-05-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed positive, reversing its earlier streak. The All-Share Index (ASI) gained 0.03% to settle at 98,255.72 points. Consequently, the market year-to-date (YtD) returns rose to 31.40% compared to 31.36% YtD yesterday. The was driven by gains in GTCO, TRANSCORP, and ZENITH offsetting the losses in DANGSUGAR, […]
Daily Market Update | 8-05-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed flat, ending its negative streak. The All-Share Index (ASI) was largely unchanged at 98,223.97 points. Consequently, the market year-to-date (YtD) returns declined marginally to 31.36% compared to 31.37% YtD yesterday. The was driven by losses in LAFARGE, ZENITH, and GTCO offsetting the gains in MTNN, […]
Daily Market Update | 7-05-2024
Daily Market Update (Equities) Today, the Nigerian Equities market posted its second consecutive day of losses during the week. The All-Share Index (ASI) fell by 0.48% to 98,228.50 points. Consequently, the market year-to-date (YtD) returns declined to 31.37% compared to 32.00% YtD yesterday. The was driven by losses in FBNH, GTCO, and DANGSUGAR offsetting the […]
DAILY MARKET UPDATE 29-04-2024
Daily Market Update (Equities) The Nigerian equities market noted a decline today as the All-Share Index (ASI) fell by 0.30% to close at 97,879.94 points. Consequently, the year-to-date (YTD) return to declined to 30.90%, from 31.30% last Friday. Gains in FBNH, ACCESSCORP and STERLING were offset by losses in GTCO, DANGSUGAR and SEPLAT. Today, the […]
Weekly Commentary and Stock Recommendation: 8th April – 12th April 2024
Global Economy Earlier this week, the Governing Council of the European Central Bank (ECB) decided to keep its monetary policy rates unchanged. While overall inflation levels have been tapering, the ECB observed that domestic price pressures remain unabated, keeping services inflation elevated. Consequently, the interest rate on the main refinancing operations, the interest rates on […]
Daily Market Update | 08-04-2024
Daily Market Update (Equities) The Nigerian equities market opened the week on a negative note, with the NGX All-Share Index (NGX ASI) dipping 0.33% to close at 103,096.85 points. Gains in STERLING, TRANSCORP, AIICO, and OANDO were offset by losses in GTCO, FBNH, UBA, and ZENITH. Consequently, the market’s year-to-date (YTD) returns fell slightly to […]
Daily Market Update | 05-04-2024
Daily Market Update (Equities) The Nigerian Equities market closed negative for the fourth consecutive day, as it posted a 0.29% decline to 103,437.67 points in today’s trading session. This is following losses in FBNH, MTNN, GTCO and ZENITH offsetting gains in DANGSUGAR, OKOMU, STERLING and UCAP. Consequently, the market’s year-to-date (YtD) returns fell to 38.33% […]
