Daily Market Update | 22-08-2023
Today, the Nigerian Equities Market observed gains as its benchmark index increased by 0.44% to 65,488.67 points. Hence, its Year-to-Date returns settled at 27.78% from 27.22% Yesterday. We believe the positive performance in the market today was primarily driven by gains in BUAFOODS, DANGSUGAR, TRANSCORP, NASCON and GUINNESS, offsetting the losses recorded in NB, FBNH, […]
Daily Market Update | 21-08-2023
Daily Market Update (Equities) Today, the Nigerian Equities Market started the week with gains as its benchmark index increased by 0.71% to 65,202.41 points. Hence, its Year-to-Date returns settled at 27.22% from 26.33% last week Friday. We believe the positive performance inn the market today was primarily driven by gains in BUAFOODS, STANBIC, DANGSUGAR, TRANSCORP […]
Weekly Commentary and Stock Recommendation: 14th August – 18th 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 United Kingdom (UK) Office for National Statistics published its Consumer Price Index (CPI) data for July 2023. The […]
Daily Market Update | 18-08-2023
The Nigerian Equities Market closed the week on a positive note as its benchmark index surged by 0.46% to 64,743.96 points. Consequently, its Year-to-Date return printed at 26.33% (Yesterday: 25.75%). The strong market performance was primarily driven by gains in DANGCEM, MTNN, ACCESSCORP, TRANSCORP, and FBNH offsetting the losses in GTCO, SEPLAT, DANGSUGAR, and FIDELITY. […]
Daily Market Update | 17-08-2023
The Nigerian Equities Market closed positive today as its benchmark index rose by 0.06% to 64,663.78 points. Consequently, its Year-to-Date return printed at 26.17% (Yesterday: 26.10%). The positive market performance was primarily driven by gains in FBNH, DANGSUGAR, FIDELITY, INTBRREW and STERLING offsetting the losses in MTNN, ZENITHBANK, ACCESSCORP and NASCON. Today, FIDELITYBK traded highest […]
Daily Market Update | 16-08-2023
The Nigerian Equities Market closed negative today as its benchmark index went down by 0.47% to 64,625.28 points. Consequently, its Year-to-Date return printed at 26.10% (Yesterday: 26.69%). The negative market performance was primarily driven by loss in AIRTELAF NL, FIDELIYT, GTCO and ACCESSCO NL offsetting the gain in BUAFOODS NL, DANSUGAR, ETERNA NL and FBNH. […]
Daily Market Update | 15-08-2023
Today, the Nigerian equities market closed on a negative note as the bench mark index declined 0.43% to close at 64,928.98 points. Consequently, its Year-to-Date return printed at 26.69% (Yesterday: 27.24%). The weak performance was primarily driven by selloffs in Dangote Sugar Refinery PLC, FBNH Holdings PLC, Access Holdings PLC and United Bank for Africa […]
Daily Market Update | 14-08-2023
The Nigerian Equities Market started the week on a negative note as its benchmark index declined by 0.18% to 65,210.49 points. Consequently, its Year-to-Date (YtD) return printed at 27.24% (Last Friday: 27.46% YtD). The negative market performance was primarily driven by losses in BUACEMENT, ZENITHBANK, and FBNH offsetting the gains in DANGSUGAR and ETI. Today, […]
Weekly Commentary and Stock Recommendation: 7th August – 11th 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 US Bureau of Labor Statistics released its July 2023 Consumer Price Index (CPI) report. According to the report, […]
Daily Market Update | 11-08-2023
The Nigerian Equities Market closed in the positive territory this week as its benchmark index rose by 0.18% to 65,325.37 points. Consequently, its Year-to-Date return printed at 27.46% (Yesterday: 27.23%). The strong market performance was primarily driven by gains in MTN Nigeria Plc and Transnational Corp of Nigeria, offsetting the losses in UBA and International […]
