Daily Market Update | 13-12-2023
Daily Market Update (Equities) The Nigerian Equities market closed the day on a positive note as the NGX All Share Index (ASI) increased by 0.55% to 72,299.79 points. Consequently, the market’s year-to-date (YtD) returns settled at 41.07% from 40.30% yesterday. This was spurred on by gains in ACCESSCORP, FBNH and TRANSCORPHOTELS offsetting losses incurred in […]
Daily Market Update | 12-12-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive today as the benchmark index increased by 0.33% to 71,907.26 points, pushing the market’s Year-to-Date (YtD) returns past 40.00% to 40.30% (vs. Yesterday: 39.84% YtD). This is on the back strong gains in MTNN, UBA and TRANSCORPHOTELS, which countered losses in FBNH, CONOIL and JAIZBANK. […]
Weekly Commentary and Stock Recommendation: 4th December – 8th December 2023
Global Economy Eurostat published the EU’s Q3 GDP for 2023 earlier this week. The data indicates that, in comparison to Q2:2023, seasonally adjusted GDP in the euro area fell by 0.1% QoQ in Q3:2023 and stayed steady in the EU. The GDP of the EU and the euro area grew by 0.1% QoQ in Q2:2023. […]
Daily Market Update | 08-12-2023
Daily Market Update (Equities) The Nigerian equities market closed positive today as its benchmark index, the NGX All Share Index (ASI), rose by 0.12% to reach 71,541.74 points. Consequently, its Year-to-Date (YtD) returns went up to 39.59% compared to yesterday’s 39.43%. Gains recorded in AIRTELAFRICA, ECOBANK, and UBA offset the losses in FBNH, BUACEMENT, and […]
Daily Market Update | 07-12-2023
Daily Market Update (Equities) The Nigerian equities market witnessed a downward trajectory today as its benchmark index, the NGX All Share Index (ASI), declined by 0.49% to reach 71,457.92 points. Consequently, its Year-to-Date (YtD) returns dropped to 39.43% compared to yesterday’s 40.11%. Losses recorded in FBN Holdings, Access Holdings, and Zenith offset the gains in […]
Daily Market Update | 06-12-2023
Daily Market Update (Equities) The Nigerian Equities market continued its positive trajectory, as its benchmark index, the NGX All Share Index (ASI) rose by 0.78% to 71,808.64 points. Consequently, its Year-to-Date (YtD) returns went up to 40.11% (vs 39.02% Yesterday). The gains in FBNH, Access Holdings and Stanbic IBTC offset the losses recorded in OANDO, […]
Daily Market Update | 04-12-2023
Daily Market Update (Equities) The Nigerian Equities market started the week on a negative note, as its benchmark index, the NGX All Share Index (ASI) went down by 0.66% to 70,946.83 points. Consequently, its Year-to-Date (YtD) returns declined to 38.43% from 39.35% last Friday. This decline can be attributed to losses in BUACEMENT, ZENITH and […]
Daily Market Update 27-11-2023
Daily Equities Market Update (Equities) Today, Nigerian Equities market closed with a positive performance as its benchmark index went up by 0.18% to 71,353.81 points. As a result, its year-to-date (YtD) returns increased to 39.22% (vs. last Friday’s YtD: 38.98%). The gains recorded in , FBNH, MULTIVERSE, and NSLTECH offset the losses incurred in , […]
Daily Market Update | 10-11-2023
Daily Market Update (Equities) The Nigerian Equities market ended today’s trading session on a positive note as its benchmark index added 0.05% to settle at 70,854.18 points. The market’s year-to-date (YtD) returns consequently increased to 38.25% from yesterday’s 38.18%. Gains in FCMB, ECOBANK and PZ Cussons offset losses in Fidelity, GTCO and DANGOTE SUGAR. Today, […]
Weekly Commentary and Stock Recommendation: 6th November – 10th November 2023
Global Economy According to the Chinese National Bureau of Statistics, China’s headline Consumer Price Index (CPI) declined by 0.2% YoY in October 2023 (vs. negative 0.1% in September 2023). On a MoM basis, CPI edged lower by 0.1% in October 2023 (vs. a 0.2% gain in September 2023). The headline figure was dragged by a […]
