Daily Market Update | 01-09-2023
Daily Market Update (Equities) The Nigerian Equities Market benchmark index surged by 1.47% to settle at 67,527.19 points in today’s trading session. Notably, the Year-to-Date (YtD) returns increased predominantly to 31.76% (Yesterday: 29.85% YtD). The gains in DANGCEM, DANGSUGAR, FBNH, ZENITH and GTCO offset the losses recorded in STANBIC, MTNN, HONEYWELL and CHAMPION. The Total […]
Weekly Commentary and Stock Recommendation: 28th August – 1st September 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, China released their Purchasing Manager Index (PMI) data, which surveys large as well as state-owned companies, closed in a […]
Daily Market Update | 31-08-2023
Daily Market Update (Equities) The Nigerian Equities Market saw a rebound from the loss witnessed yesterday in today’s trading session as its benchmark index rose by 0.16% to settle at 66,439.53 points. Consequently, the Year-to-Date (YtD) returns increased to 29.85% (Yesterday: 29.64% YtD). The gains in SEPLAT, STANBIC, GTCO, UBA and NGXGROUP offset the losses […]
Daily Market Update | 30-08-2023
Daily Market Update (Equities) The Nigerian Equities Market ceased its positive trajectory in today’s trading session as its benchmark index declined by 0.51% to settle at 66,439.53 points. Consequently, the Year-to-Date (YtD) returns decreased to 29.64% (Yesterday: 29.73% YtD). The losses in TRANSNATIONAL CORP, ZENITH, GTCO, FIDELITY and STERLING offset the gains recorded in DANGSUGAR, […]
Daily Market Update | 29-08-2023
Daily Market Update (Equities) The Nigerian Equities Market sustained its positive trajectory as its benchmark index increased by 0.51% to settle at 66,490.34 points in today’s trading session. Notably, the Year-to-Date (YtD) returns surged to 29.73% (Yesterday: 29.07% YtD). The gains in DANGSUGAR, TRANSCORP HOTEL, TRANSNATIONAL CORP, ZENITH and ACCESSCORP offset the losses recorded in […]
Daily Market Update | 28-08-2023
Daily Market Update (Equities) The Nigerian Equities Market started the week on a positive note as its benchmark index rose by 0.90% to settle at 66,151.38 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns surged to 29.07% (Last Friday: 27.92% YtD). Gains in BUAFOODS, DANGSUGAR, TRANSCORP, NASCON and FIDELITY offset the losses recorded […]
Weekly Commentary and Stock Recommendation: 21st August – 25th 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 BRICS (Brazil, Russia, India, China, South Africa) member nations convened for their 15th anniversary summit in South Africa, […]
Daily Market Update | 25-08-2023
Daily Market Update (Equities) The Nigerian Equities Market ended the week on a positive note as its benchmark index rose by 0.24% to 65,558.91 points. Consequently, its Year-to-Date return printed at 27.92% (Yesterday: 27.61%). The strong market performance was primarily driven by gains in DANGSUGAR, TRANSCORP, NASCON, INTBREW, and FCMB offsetting the losses in FBNH, […]
Daily Market Update | 24-08-2023
Daily Market Update (Equities) The Nigerian Equities Market halted its positive run for the week and recorded negative returns in today’s trading session. The benchmark index lost 0.14% to settle at 65,401.82 points while the Year-to-Date (YtD) returns fell to 27.61% (Yesterday: 27.79% YtD). Losses in FBNH, ACCESSCORP and ZENITHBANK offset the gains recorded in […]
Daily Market Update | 23-08-2023
Daily Market Update (Equities) The Nigerian Equities Market extended its positive run for the third day this week, however at a much slower pace. The market’s benchmark index increased marginally by 0.01% to 65,492.92 points. Also, the Year-to-Date (YtD) returns settled at 27.79% from yesterday’s 27.78% YtD. Losses in GTCO, ZENITHBANK, FBNH and NB dragged […]
