Daily Market Update | 10-08-2023
The Nigerian Equities Market closed positive today as its benchmark index soared by 1.62% to 65,204.82 points. Consequently, its Year-to-Date return printed at 27.23% (Yesterday: 25.20%). The positive market performance was primarily driven by gains in Dangote Cement Plc, FBN Holdings, and MTN Nigeria Plc offsetting the losses in Dangote Sugar Refinery and Unilever Nigeria […]
Daily Market Update | 9-08-2023
The Nigerian Equities Market closed in the negative territory today as its benchmark index fell by 1.75% to 64,176.39 points. Consequently, its Year-to-Date return printed at 25.20% (Yesterday: 27.43%). The weak market performance was primarily driven by losses in Dangote Cement Plc, MTN Nigeria Plc and FBN Holdings, offsetting the gains in GEREGU and Ecobank. […]
Daily Market Update | 8-08-2023
The Nigerian Equities Market closed in the negative territory today as its benchmark index fell by 0.04% to 65,309.65 points. Consequently, its Year-to-Date return printed at 27.43% (Yesterday: 27.48%). The weak performance was primarily driven by selloffs in Geregu, Dangote Sugar Refinery Plc and Ecobank offsetting the gains in Zenith bank Plc, Guaranty Trust Holdings, […]
Daily Market Update | 7-08-2023
The Nigerian Equities Market experienced a positive run today as its benchmark index rose by 0.21% to 65,336.80 points. Consequently, its Year-to-Date return printed at 27.48% (Last Friday: 27.21%). Today, MTNN traded the highest in terms of Volume while FCMB traded the highest in terms of Value. Total Volume and Value traded for today settle at […]
Weekly Commentary and Stock Recommendation: 31st July – 4th August 2023
This is a brief summary of the economic events that occurred this week in the global and domestic space. This report also provides investment strategies for investors in the coming week. Global Economy Earlier this week, the US Bureau of Labor Statistics released its Jobs report for July 2023, noting that the US added fewer […]
Daily Market Update | 04-08-2023
Daily Market Update (Equities) The Nigerian Equities market closed the week negative as its benchmark index fell by 0.10% to 65,198.08 points. Consequently, its Year-to-Date return printed at 27.21% (Yesterday: 27.34%). Gains in Dangote Sugar, Zenith and Nigerian Breweries were significantly countered by losses in MTNN, Access and FCMB. Today, FBNH traded the highest in […]
Monthly Equities Market Report – July 2023
In this report, we provide a detailed overview of the performance of the global and domestic equities market in July 2023. We also provide an outlook and sector recommendations for the coming months. Global Equities Market The global equities market ended July 2023 on a positive note, following a slowdown in inflationary pressures. This necessitated […]
Daily Market Update | 03-08-2023
Daily Market Update (Equities) The Nigerian Equities Market continued a positive run for the second time this week as its benchmark index rose by 1.55% to 65,263.06 points. Consequently, its Year-to-Date return printed at 27.34% (Yesterday: 25.40%). The market movers for today include MTNN, Dangote Sugar, Nigeria Breweries, Access Holdings and UBA. Today, FCMB traded […]
Daily Market Update | 2-08-2023
Daily Market Update (Equities) The Nigerian Equities Market experienced a positive run for the first time this week as its benchmark index rose by 0.12% to 64,267.36 points. Consequently, its Year-to-Date return printed at 25.40% (Yesterday: 25.25%). The market movers for today include Dangote sugar, Lafarge, Nigeria Breweries, NASCON and FBN Holdings. Today, FBNH traded […]
Daily Market Update | 1-08-2023
Daily Market Update (Equities) The Nigerian Equities market continued its negative run this week as its benchmark index fell by 0.23% to 64,192.20 points. Consequently, its Year-to-Date return printed at 25.25% (Yesterday: 25.53%). The market movers for today include Dangote sugar, MTN Nigeria, Nigeria Breweries, Ecobank and AXA Mansard. Today, AIICO traded the highest in […]
