How to Move from Saving Money to Owning Assets
Most people start their financial journey as “savers” carefully setting money aside and hoping it will be enough someday. But true wealth isn’t built by saving alone, it’s built by Owning shares in companies, Owning assets that grow, and Owning a strategy that puts your money to work for you. If you’re ready to move beyond saving and start […]
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 […]