Daily Market Update 02-05-2024
Daily Market Update (Equities) The Nigerian equities market noted a positive performance today as the All-Share Index (ASI) increased by 0.55% to close at 98,762.78 points. Consequently, the year-to-date (YTD) return went up to 32.08%, from 31.36% on Tuesday. Today, the Total volume traded increased by 20.46% to settle at 665.20 meanwhile, the total value […]
Daily Market Update | 19-04-2024
Daily Market Update (Equities) The Nigerian Equities maekt ended the week on a negative note, as the NGX All-Share Index (NGX ASI) fell by 0.31% in today’s trading session. This pushed the market’s year-to-date (YtD) lower to 33.12% from yesterday’s 33.53% YtD. Losses in FBNH, STANBIC and GTCO offset gains recorded in FIDELITYBANK, OANDO and […]
Daily Market Update | 18-04-2024
Daily Market Update (Equities) Today, negative returns permeated the Nigerian equities market as the NGX All-Share Index (NGX ASI) eclined by 0.06% to settle at 99,845.91 points. As a result, the year-to-date (YtD) returns fell to 33.53% (vs. Yesterday: 33.62% YtD). The poor performance of the market today can be linked to losses in GTCO, […]
Daily Market Update | 16-04-2024
Daily Market Update (Equities) The Nigerian equities market extended its negative run today, as the NGX All-Share Index (NGX ASI) declined by 1.93% to close at 99,808.34 points, bringing the year-to-date (YtD) returns to 33.48% from yesterday’s 36.11% YtD. This is following gains in UNIVINSURE, VERIKAP and MORISSON being offset significantly by loses in DANGCEM, […]
Daily Market Update | 27-03-2024
Daily Market Update (Equities) The Nigerian Equities market rebounded from its two-day negative returns, as it posted a 0.32% gain in today’s trading session. This is following gains in ZENITHBANK, GTCO, UBA and ACCESSCORP offsetting losses in FBNH, MTNN, TRANSCORP and INTBREW. Consequently, the market’s year-to-date (YtD) returns increased to 39.47% from yesterday’s 39.02% YtD. […]
Daily Market Update | 26-03-2024
Daily Market Update (Equities) Extending its negative run, the Nigerian Equities market lost 0.18% in today’s trading session, following the inability of gains in ZENITHBANK, GTCO, UBA and JAIZBANK to offset losses incurred in MTNN, FBNH, ACCESSCORP and UNICAP. Consequently, the market’s year-to-date (YtD) returns fell to 39.02% from yesterday’s close of 39.27% YtD. Today, […]
Monthly Equities Market Update | February 2024
Global Market Overview: Global Equities Extend Winning Streak in February In February 2024, the global equities market maintained its upward trend, extending its positive performance for the fourth (4th) month in a row. Consequently, the MSCI world Index surged by 4.11% month-on-month (MoM). This positive momentum extended to most of the major global Indices under our […]
Weekly Commentary and Stock Recommendation: 19th February – 23rd February 2024
Global Economy In February 2024, the headline S&P Global Flash US PMI Composite Output Index fell to 51.4 from 52.0 in January 2023, while staying in the expansion region. Nonetheless, the pace of expansion was the second-fastest since July 2023 as manufacturers and service providers recorded growth in output. US companies continued to report an […]
Daily Market Update | 20-02-2024
Daily Market Update (Equities) The Nigerian equities market extended its loss for the second consecutive trading session this week, as the market’s benchmark index dropped 1.30% to settle at 101,060.67 points. The market was dragged down down by significant losses in tickers including BUACEM, FBNH, TRANSCORP, DANGSUGAR and UBA, which suppressed gains recorded in GEREGU, […]
The Nigerian Equities market closed the day on a Negative note for the 3rd day this week as the NGX All Share Index (ASI) decreased by 0.86% to 101.227.42 points. Consequently, the market’s year-to-date (YtD) returns settled at 35.38% from 36.55% yesterday. Total Volume and Value traded dipped by 39.91% and 11.97% each to 478.38mn […]
