Daily Market Update | 31-07-2023
Daily Market Update (Equities) The Nigerian Equities market continued its negative run this week as its benchmark index fell by 1.10% to 64,337.52 points. Consequently, its Year-to-Date return printed at 25.53% (Last Friday: 26.94%). The market movers for today include Conoil, FCMB, Custodian, Skyway and AXA. Today, ABBEYBDS traded the highest in terms of Volume […]
Daily Market Update | 28-07-2023
Daily Market Update (Equities) The Nigerian Equities market continued its negative run for the third consecutive time this week as its benchmark index fell by 0.65% to 65,056.39 points. Consequently, its Year-to-Date return printed at 26.94% (Yesterday: 27.77%). Gains in NASCON, TRANSCORP and Union Bank were significantly countered by losses in MTNN, FBNH and Nigerian […]
Daily Market Update | 27-07-2023
Daily Market Update (Equities) The Nigerian Equities market closed negative for the second consecutive time this week, as its benchmark index declined by 0.31% to settle at 65,482.91 points. As a result, its Year-to-Date return dropped to 27.77% from 28.17% yesterday. The market movers for today include Ecobank, Access, TotalEnergies, Skyway and Jaiz. Today, JAPAULGOLD […]
Daily Market Update | 26-07-2023
Daily Market Update (Equities) The Nigerian Equities market closed negative for the first time this week, as its benchmark index declined by -0.46% to settle at 65,687.16 points. As a result, its Year-to-Date return dropped to 28.17% from 28.76% yesterday. The market movers for today include SEPLAT, Stanbic, Zenith, NASCON and Fidelity. Today, UBA recorded […]
Daily Market Update | 25-07-2023
Daily Market Update (Equities) The Nigerian Equities market sustained its upward trajectory, as its benchmark index went up by 0.69% to settle at 65,988.81 points. As a result, its Year-to-Date return went up to 28.76%. The market movers for today include MTN, SEPLAT and GEREGU. Today, JAPAULGOLD recorded the highest amount of trade in terms […]
Daily Market Update | 24-07-2023
Daily Market Update (Equities) The Nigerian Equities market begun the week on a positive note, as its benchmark index went up by 0.41% to settle at 65,268.28 points. As a result, its Year-to-Date return went up to 27.35% (Last Friday’s close: 26.83%). The market movers for today include Stanbic IBTC Holdings PLC, FBN Holdings PLC, […]
Daily Market Update | 20-07-2023
Daily Market Update (Equities) The Nigerian Equities market rebounded from its loss yesterday, as its benchmark index gained 0.27% to close at 63,930.72 points. Consequently, its Year-to-Date returns increased to 24.74% from yesterday’s 24.40%. Geregu Power PLC and United Bank for Africa PLC recovered from their loss yesterday and emerged as the major market movers […]
Weekly Commentary and Stock Recommendation: 10th July – 14th July 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 U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) data for June 2023. In June, the […]
Understanding the Nigerian Stock Market: A Beginner’s Guide
The Nigerian stock market, also known as the Nigerian Stock Exchange (NSE), is a vibrant and rapidly growing financial market that plays a crucial role in the Nigerian economy. Whether you’re a novice investor eager to dip your toes into the stock market or an experienced individual looking to expand your investment horizons, understanding the […]