Monthly Equities Market Update | August 2024
Global Market Overview: Global Equities Sustains Bullish Trend In August 2024, the global equities market extended its winning streak for another month, with the MSCI World Index rising by 4.01% month-on-month (MoM), which was mirrored in other indices. The only exceptions were China’s SHCOMP and Japan’s Nikkei 225 indices, which declined by 0.97% MoM and […]
Daily Market Update | 5-08-2024
Daily Market Update (Equities) The Nigerian equities market began the week on a negative foot, as the NGX All Share Index (NGX ASI) lost 0.17% to 97,,582.41 points. This is following losses incurred in MTNN (-5.95% to NGN178.70), TRANSCORP (-1.79% to NGN11.00) and STERLINGNG (-2.99% to NGN3.90), which offset gains in PRESCO (+10.00% to NGN485.10), […]
Weekly Commentary and Stock Recommendation: 24th June – 28th June 2024
Global Economy According to the US Bureau of Economic Analysis, US Real gross domestic product (GDP) increased by 1.40% YoY in Q1:2024, according to its “third” estimate (vs. 3.40% YoY in Q4:2023). The increase in real GDP primarily reflected increases in consumer spending, residential and nonresidential fixed investment, and state and local government spending that […]
Daily Market Update | 26-06-2024
Daily Market Update (Equities) For the first time this week, the Nigerian Equities market closed on a positive note, as the NGX All Share Index added 0.17% to settle at 99,385.44 points. This pushed the market’s year-to-date (YtD) returns up to 32.91% (vs. Yesterday: 32.69% YtD). The positive performance in the market is on the […]
Daily Market Update | 25-06-2024
Daily Market Update (Equities) Today, the Nigerian Equities market extended its bearish run as the NGX All Share Index (NGX ASI) fell by 0.09% to 99,217.60 points. This is following negative sentiment in DANGSUGAR (-5.66%), LAFARGE (-4.06%), ZENITH (-1.81%) and OANDO (-9.75%), which offset gains in OKOMU (+10.0%), TRANSCORP (+3.75%), JBERGER (+6.29%) and FBNH (+0.50%). […]
Daily Market Update | 24-06-2024
Daily Market Update (Equities) The Nigerian equities started the week on a negative note, loosing 0.44% to print at 99,304.12 points. Consequently, the market’s year-to-date (YtD) returns printed at 32.81%. The negative sentiment was fueled by losses in AIRTEL (-2.47%), FBNH (-5.44%) and DANGSUGAR (-4.15%), offsetting losses in TRANSCORP (+9.33%), NEM (7.59%) and FIDELITY (+1.01%). […]
Weekly Commentary and Stock Recommendation: 20th May – 24th May 2024
Global Economy Earlier this week, the UK Office of National Statistics released April 2024 Consumer Price Index (CPI) data. The CPI rose by 2.3% YoY in April 2024, down from 3.2% YoY in March 2024. On a monthly basis, CPI rose by 0.3% MoM in April 2024, compared with a rise of 1.2% MoM in […]
Daily Market Update | 22-05-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index (NGX ASI) declined by 0.16% to 98,129.16 points, pushing the market’s year-to-date (YtD) returns down to 31.23% (vs. Yesterday: 31.27% YtD). The negative sentiment in the market was driven by losses in ZENITHBANK (-4.62%), GTCO (-3.55%), UBA (-2.16%) […]
Daily Market Update | 21-05-2024
Daily Market Update (Equities) The Nigerian Equities market gained today, as the NGX All Share Index (NGX ASI) added 0.11% to 98,285.53 points, bring the year-to-date returns to 31.44%, from yesterday’s 31.27% YtD. Total volume and value traded declined by 45.05% and 23.02% to 222.90mn units and NGN5.15bn. GTCO traded the highest in terms of […]
Daily Market Update | 20-05-2024
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the NGX All Share Index (NGX ASI) gained 0.05% to settle at 98,177.88 points. As a result, the market’s year-to-date (YtD) returns rose to 31.30% from 31.27% on Friday. ACCESSCORP traded the highest in terms of both Value and […]
