Daily Market Update | 25-04-2024
Daily Market Update (Equities) The Nigerian Equities market rebounded from it two (2) days loss. The All-Share Index (ASI) rose marginally by 0.05% to 98,169.30 points. Consequently, the market year-to-date (YtD) returns rose to 31.29% compared to 31.24% YtD yesterday. The rebound was driven by gains in TRANSCOH, MTNN, and TRANSCOR offsetting the loss in […]
Daily Market Update | 24-04-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed on a negative note, as the All-Share Index (ASI) declined by 1.18% to 98,121.30 points. Therefore, the market year-to-date (YtD) returns fell to 31.24% from yesterday’s 32.82% YtD. This declined was driven by losses in MTNN, Transcorp Hotel and FBNH offsetting the gains in Zenith, […]
Daily Market Update | 23-04-2024
Daily Market Update (Equities) Today, the Nigerian Equities market reverted from its upward trajectory, with the All-Share Index (ASI) declining by 0.40% to 99,311.54 points. Therefore, the market year-to-date (YtD) returns fell to 32.82% from yesterday’s 33.34% YtD. This declined was driven by losses in FBN, NESTLE and ZENITH offsetting the gains in WAPCO, TRANSCOR […]
Daily Market Update | 17-04-2024
Daily Market Update (Equities) Today, the Nigerian equities market rebounded from its consecutive negative run, as the NGX All-Share Index (NGX ASI) rose by 0.10% to close at 99,909.54 points. As a result, the year-to-date (YtD) returns rose to 33.62% from yesterday’s 33.48% YtD. This is following gains in FBNH, FIDELITYBK and ACCESSCORP which offset […]
Daily Market Update | 02-04-2024
Daily Market Update (Equities) The Nigerian Equities market started the week on a negative note, as it posted a 0.04% decline to 104,518.14 points in today’s trading session. This is following losses in BUA CEMENT, NESTLE, DANGSUGAR and NASCON offsetting gains in GTCO, ZENITH BANK, FBNH and UBA. Consequently, the market’s year-to-date (YtD) returns fell […]
Daily Market Update | 28-03-2024
Daily Market Update (Equities) The Nigerian Equities market continued its positive streak, as it posted a 0.27% gain to 104,562.06 points in today’s trading session. This is following gains in MTNN, TRANSCORP, ACCESSCORP and LAFARGE offsetting losses in STANBIC, DANSUGAR, FCMB and OANDO. Consequently, the market’s year-to-date (YtD) returns increased to 39.84% from yesterday’s 39.47% […]
Daily Market Update | 25-03-2024
Daily Market Update (Equities) The Nigerian equities market started the week on a negative note, as the NGX All Share Index (ASI) declined by 0.49% to 104,136.35 points. As a result, the market’s year-to-date (YtD) returns fell to 39.27% compared to 39.95% YtD recorded on Friday. Losses in Dangote Sugar, Transnational Corp and Ecobank offset […]
Weekly Commentary and Stock Recommendation: 18th March – 22nd March 2024
Global Economy Earlier this week, data from the office of National statistics showed the UK Consumer Prices Index (CPI) rose by 3.4% YoY in February 2024, down from 4.0% YoY in January 2024. On a MoM basis, CPI rose by 0.6% in February 2024, compared with a rise of 1.1% MoM in February 2023. Core […]
Daily Market Update | 22-03-2024
Daily Market Update (Equities) The Nigerian equities market continued its positive run today, with the NGX All Share Index (ASI) climbing 0.25% to settle at 104,647.37 points. This upward movement pushed the year-to-date (YtD) return further to 39.95%, compared to yesterday’s 39.60%. Gains recorded in heavyweight stocks like GTCO, FBNH, and TRANSCORP outweighed losses in […]
Daily Market Update | 21-03-2024
Daily Market Update (Equities) The Nigerian equities market snapped from a three-day losing streak, with the NGX All Share Index (ASI) rising by 0.13% to close at 104,387.47 points. As a result, the market’s year-to-date (YtD) return went up to 39.60%, compared to yesterday’s 39.43%. Gains recorded in heavyweight stocks like BUACEM, TRANSCORP, and ZENITH […]
