Weekly Commentary and Stock Recommendation: 7th October – 11th October 2024
Stock Market Despite losing three (3) times, investors went home smiling as they gained NGN49.53bn, bringing the market to close positive at 0.09% week-on-week (WoW). This is following gains in SEPLAT, FIDELITY and FBNH, which offset losses in OANDO, UBA and STANBIC. Consequently, the Nigerian stock market has gained 30.54% from the beginning of the […]
Daily Market Update|09-09-2024
Daily Market Update (Equities) Today, the Nigerian equities made a negative momentum with the NGX All-Share Index (ASI) declining by 0.24% to settle at 96,204.84 points. Consequently, the market’s year-to-date (YtD) returns declined to 28.66% compared to 28.97% Friday. Today, the total volume and value traded increased by 97.29% to 774.38mn units and 21.82% to […]
Daily Market Update|04-09-2024
Daily Market Update (Equities) Today, the Nigerian equities market halted it positive momentum with the NGX All-Share Index (ASI) dipping by 0.35% to settle at 96,537.48points. Consequently, the market’s year-to-date (YtD) returns declined to 29.11% compared to 29.56% Yesterday. Today, the total volume and value traded decreased by 17.71% to 389.23mn units and 21.43% to […]
Weekly Commentary and Stock Recommendation: 26th August – 30th August 2024
Global Economy Earlier this week, the US Bureau of Economic Analysis (BEA) issued a revised GDP estimate for Q2:2024. According to the BEA, real GDP increased at an annual rate of 3.0% in Q2:2024, according to the second estimate (compared to 1.40% YoY in Q1:2024). Compared to the first quarter, the growth in real GDP […]
Daily Market Update | 27-08-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive with the NGX All-Share Index (ASI) surging by 0.49% to settle at 96,510.13 points. Also, the market’s year-to-date (YtD) returns increased to 29.07% compared to 28.44% on Monday. Today, the total volume traded increased by 17.49% to 443.16mn units and value traded increased by […]
Daily Market Update|26-08-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive with the NGX All-Share Index (ASI) surging by 0.07% to settle at 96,037.28 points. Also, the market’s year-to-date (YtD) returns increased to 28.44% compared to 28.35% last week Friday. Today, the total volume traded increased by 16.67% to 377.18mn units and value traded decreased […]
Weekly Commentary and Stock Recommendation: 19th August – 23rd August 2024
Global Economy Earlier this week, S&P Global released a series of Purchasing Managers’ Index (PMI) reports for the US, UK and Eurozone. The headline S&P Global Flash US PMI Composite Output Index edged down from 54.3 points in July 2024 to a four-month low of 54.1 points in August 2024. Output has now risen continually […]
Daily Market Update | 21-08-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative with the NGX All-Share Index (ASI) declining by 0.07% to settle at 99,831.51points. Consequently, the market’s year-to-date (YtD) returns decreased to 28.16% compared to 28.25% Yesterday. Today, market activity made a negative performance, as total volume decreased by 64.44% to 360.56mn units and value […]
Daily Market Update | 5-08-2024
Daily Market Update (Equities) The Nigerian equities market began the week on a negative foot, as the NGX All Share Index (NGX ASI) lost 0.17% to 97,,582.41 points. This is following losses incurred in MTNN (-5.95% to NGN178.70), TRANSCORP (-1.79% to NGN11.00) and STERLINGNG (-2.99% to NGN3.90), which offset gains in PRESCO (+10.00% to NGN485.10), […]
Weekly Commentary and Stock Recommendation: 22nd July – 26th July 2024
Global Economy Earlier this week, S&P Global published a series of Purchasing Manager Index (PMI) data for key global economies. The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index decreased to 50.1 in July 2024 from 50.9 in June 2024, hovering just above the no-change mark and indicating near-stagnation in private sector activity. Although […]
