Daily Market Update | 1-03-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative, falling by 1.23% to 98,751.98 points. This pushed market’s year-to-date (YtD) returns down to 32.07% (vs. Yesterday: 33.71% YtD). Total volume traded (-30.92% to 367.62mn units) and total value traded (-20.38% to NGN6.78bn) closed lower. ACCESSCORP noted the highest trade in terms of volume […]
Daily Market Update | 29-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive, rising by 0.68% to 99,980.30 points. This pushed market’s year-to-date (YtD) returns up to 33.71% (vs. Yesterday: 32.80% YtD). Total volume traded (+34.31% to 532.18mn units) and total value traded (+46.21% to NGN8.52bn) closed higher. JAPAULGOLD noted the highest trade in terms of volume […]
Daily Market Update | 28-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative, declining by 1.27% to 99,302.57 points. This pushed market’s year-to-date (YtD) returns down to 32.80% (vs. Yesterday: 34.52% YtD). Losses in FBNH, GTCO, and DANGSUGAR outweighed gains in PZ, AXA MANSARD, and NIGERIA AVIATION HANDLING CO, contributing to the negative performance. Total volume traded […]
Daily Market Update | 27-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative, declining by 1.38% to 100,582.89 points. This pushed market’s year-to-date (YtD) returns down to 34.52% (vs. Yesterday: 36.41% YtD). Losses in MTNN, FBNH, and UBA outweighed gains in TRANSCORP, STERLING, and AFRICA PRUDENTIAL, contributing to the negative performance. Total volume traded (-4.71% to 280.46mn […]
Daily Market Update | 26-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative, declining by 0.09% to 101,995.21 points. This pushed market’s year-to-date (YtD) returns down to 36.41% (vs. Yesterday: 36.53% YtD). Losses in NESTLE, DANGSUGAR, and ACCESSCORP outweighed gains in FBNH, NASCON, and GTCO, contributing to the negative performance. Total volume traded (+1.14% to 294.32mn units) […]
Daily Market Update | 15-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed on positive note, as the NGX All Share Index (ASI) went up by 0.58% to settle at 104,100.00 points. Consequently, the year-to-date (YtD) returns rose to 39.22% (vs 38.42% YtD yesterday). Gains in BUA Cement, Geregu Power, and Fidelity offset losses in FBNH, DANDSUGAR, and […]
Daily Market Update (Equities) The Nigerian Equities market closed on a negative note today as the NGX All Share Index (ASI) fell by 0.73% to 103,659.81points. Consequently, the market’s year-to-date (YtD) returns declined to 38.63% (vs 39.65% last Friday). The gains recorded in GEREGU, INTBREW, and OANDO were offset by losses in MTNN, ACCESSCORP, and […]
Daily Market Update | 31-01-2024
Daily Market Update (Equities) Today, the Nigerian Equities market witnessed a decline for second time this week as the All-Share Index (ASI) dropped by 1.89% to settle at 101,154.13 points. This was driven by losses in MTN, Zenith Bank and GTCO, which offset the gains in Geregu, PZ Cussons and Vitafoam. Consequently, the market’s year-to-date […]
Daily Market Update | 29-01-2024
Daily Market Update (Equities) The Nigerian Equities market opened the week on a strong note, gaining 2.22% to settle at 104,674.67 points. This was spurred by gains in DANGCEM, BUA and Oando, which offset losses in Zenith Bank, Access Holdings and Transnational. Consequently, the market’s year-to-date returns (YTD) increased to 39.99%. Today, the total […]
Weekly Commentary and Stock Recommendation: 22nd January – 26th January 2024
Global Economy S&P Global issued the US and UK Purchasing Managers’ Index (PMI) data earlier this week. With a headline S&P Global Flash US PMI Composite Output Index of 52.3, it represented the fastest increase in business activity since June 2023, up from 50.9 in December 2023. The increase in output suggested a significant improvement […]
