Daily Market Update | 18-09-2023
Daily Market Update (Equities) The Nigerian Equities Market kicked off the week on a positive note as its benchmark index rose by 0.71% to close at 67,877.17 points. Consequently, the Year-to-Date (YtD) returns increased to 32.44%, (Friday: 31.50% YtD). The gains in Northan Nigeria Flour Mills, Chams, Stanbic IBTC, LASACO, and Transcorp offset the losses […]
Weekly Commentary and Stock Recommendation: 11th September – 15th September 2023
Global Economy According to its September Global Economic Outlook report, Fitch Ratings has revised up its forecast for world growth in 2023 by 0.1% to 2.5%, reflecting surprising resilience so far this year in the US, Japan, and emerging markets (EM) excluding China. Fitch has raised US growth by 0.8% to 2.0%, Japan by 0.7% […]
Daily Market Update | 14-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 0.06% to settle at 67,335.3 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns rose to 31.41% (Yesterday: 31.47% YtD). The losses in GTCO, ZENITH, NESTLE, TRANSCORP, and FBNH offset the gains in UBA, STANBIC, LAFARGE, […]
Daily Market Update | 13-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the day positive as its benchmark index rose by 0.93% to settle at 67,378.88 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns rose to 31.47% (Yesterday: 30.26% YtD). The gains in DANGSUGAR, GTCO, ACCESSCORP, UBA, and TRANSCORP offset the losses in STANBIC, LAFARGE, NPFMCRFB, […]
Daily Market Update | 11-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 1.24% to settle at 67,296.18 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns fell to 31.31% (Yesterday: 32.96% YtD). The losses in GTCO, DANGSUGAR, ZENITH, ACCESSCORP, and UBA offset the gains in OANDO, NB, TRANSCORP, […]
Daily Market Update | 12-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 0.80% to settle at 66,760.20 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns fell to 30.26% (Yesterday: 31.31% YtD). The losses in MTNN, DANGSUGAR, ZENITH, ACCESSCORP, and NESTLE offset the gains in OKOMU, OANDO, WEMA, […]
Weekly Commentary and Stock Recommendation: 4th September – 8th September 2023
Global Economy In Q2:2023, seasonally adjusted GDP increased by 0.10% QoQ in the Euro Area and was stable in the European Union (EU), according to Eurostat. In Q1:2023, GDP had increased by 0.10% QoQ in the euro area and by 0.20% QoQ in the EU. Furthermore, compared with Q2:2022, seasonally adjusted GDP increased by 0.50% […]
Daily Market Update | 08-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the week positive as its benchmark index rose by 0.09% to settle at 68,143.34 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns increased to 32.96% (Yesterday: 32.84% YtD). The gains in LAFARGE, FBNH, OANDO, FCMB and FLOURMILL offset the losses recorded in STANBIC, MTNN, […]
Daily Market Update | 7-09-2023
Daily Market Update (Equities) Today, the Nigerian Equities Market closed on downward note as its benchmark index reduced by 0.30% to 65,082.11 points. Consequently, its Year-to-Date returns settled at 32.84 from 33.24% Yesterday. We believe the negative performance in the market today was primarily driven by losses in DANGOTE Cement, DANSUGAR, Nestle, and NASCON, offsetting […]
Daily Market Update | 6-09-2023
Daily Market Update (Equities) Today, the Nigerian Equities Market closed negative as its benchmark index decreased by 0.07% to 65,286.28 points. Hence, its Year-to-Date returns settled at 33.24 from 33.33% Yesterday. We believe the negative performance in the market today was primarily driven by losses in DANGSUGAR, GTCO, International Breweries and Vitafoam, offsetting the gains […]
