Daily Market Update | 04-04-2024
Daily Market Update (Equities) The Nigerian Equities market continued its negative trajectory this week, falling by 0.43% to 103,736.08 points in today’s trading session. This is following losses in GTCO, MTNN, FBNH and UBA offsetting gains in DANGSUGAR, ECOBANK, FCMB and NEM. Consequently, the market’s year-to-date (YtD) returns fell to 38.73% from yesterday’s 39.33% YtD. […]
March 2024 Monthly Equities Report | Positive Investor Sentiment Across Markets
Global Market Overview: Bull Run Continues – Poised for Further Growth? In March 2024, the global equities market maintained its upward trend, extending its positive performance for the fifth (5th) month in a row. Consequently, the MSCI world Index surged by 3.01% month-on-month (MoM). This positive momentum extended to most of the major global Indices […]
Daily Market Update | 03-04-2024
Daily Market Update (Equities) The Nigerian Equities market continued its negative streak and posted a 0.32% decline to 104,181.32 points in today’s trading session. Consequently, the market’s year-to-date (YtD) returns fell to 39.33% from yesterday’s 39.78% YtD. Today, total Volume and Value traded fell by 25.75% and 39.04% each to 405.03mn units and NGN8.91bn, respectively. […]
Weekly Commentary and Stock Recommendation: 25th March – 28th March 2024
Global Economy Earlier this week, the US Bureau of Economic Analysis (BEA) released its third estimate of the US Q4:2023 and 2023FY GDP. According to the BEA, Real gross domestic product (GDP) increased by 3.4% YoY in Q4:2023 (vs 4.9% YoY in Q3:2023). Compared to Q3:2023, the deceleration in real GDP in Q4:2023 primarily reflected […]
Daily Market Update 14-03-2024
Daily Market Update (Equities) The Nigerian equities market started the week on a positive note, as the NGX All Share Index (ASI) increased by 0.05% to settle at 104,056.21 points. As a result, the year-to-date (YtD) return went up to 39.16% compared to last Friday’s 3.10% YtD . The total Volume traded declined by 30.08% […]
Daily Market Update 11-03-2024
Daily Market Update (Equities) The Nigerian equities market started the week on a positive note, as the NGX All Share Index (ASI) increased by 0.70% to settle at 102,044.84 points. As a result, the year-to-date (YtD) return went up to 36.47% compared to last Friday’s 35.52% YtD . The positive market sentiment was driven by […]
Weekly Commentary and Stock Recommendation: 4th March – 8th March 2024
Global Economy Earlier this week, the US Bureau of Labor Statistics (BLS) released its Employment Situation data. According to the US BLS, total nonfarm payroll employment rose by 275,000 in February 2024, and the unemployment rate increased by 20bps to 3.9%. Job increases took place in the sectors of health care, government, food and beverage […]
Daily Market Update | 7-03-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive, as the NGX All Share Index (ASI) increased by 0.75% to 100.335.30 points. Consequently, the market’s year-to-date (YtD) returns printed at 34.19% (vs. Yesterday: 33.19% YtD). Gains in FBNH, Transnational Corp and Fidelity Bank offset the losses in Dangote Sugar, Zenith Bank and Ecobank. […]
Daily Market Update | 6-03-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive, as the NGX All Share Index (ASI) increased by 0.40% to 99,192.82 points. Consequently, the market’s year-to-date (YtD) returns printed at 33.19% (vs. Yesterday: 32.66% YtD). Gains in FBNH, Transnational Corp and Fidelity Bank offset the losses in Dangote Sugar, Zenith Bank and Ecobank. […]
Daily Market Update | 4-03-2024
Daily Market Update (Equities) The Nigerian equities market started the week on a positive note, as the NGX All Share Index (ASI) increased by 0.10% to settle at 98,847.89 points. As a result, the year-to-date (YtD) returns printed at 32.20% compared to Friday’s 32.07% YtD returns. The positive market sentiment was driven by gains in […]
