Weekly Commentary and Stock Recommendation: 27th November – 1st December 2023
Global Economy Earlier this week, according to the US Bureau of Economic Analysis, the US Real Gross Domestic Product increased at a rate of 5.2% YoY in Q3:2023, according to its revised estimates. The increase in real GDP reflected increases in consumer spending, private inventory investment, exports, government spending, residential fixed investment, and nonresidential fixed […]
Daily Market Update 29-11-2023
Daily Equities Market Update (Equities) Today, Nigerian Equities market closed with positive sentiment as its benchmark index rose by 0.34% to 71,041.29 points. As a result, its year-to-date (YtD) returns went up to 39.09 (vs. yesterday’s YtD: 38.61%). The losses recorded in , MAYER, NESTLE and NSLTECH offset the gains incurred in GUINEAINS, OMATEK and […]
Daily Market Update 28-11-2023
Daily Equities Market Update (Equities) Today, Nigerian Equities market closed with a negative performance as its benchmark index fell by 0.44% to 71,049.29 points. As a result, its year-to-date (YtD) returns declined to 38.61% (vs. yesterday’s YtD: 39.22%). The losses recorded in , OMATEK, IKEJAHOTEL, and NEIMETH offset the gains incurred in NSLTECH, ROYALEX and […]
Daily Market Update 24-10-2023
Today, the Nigerian equities market closed on a positive note as the bench mark index increased 0.51% to close at 67,217.77 points. Consequently, its Year-to-Date return printed at 31.15% (Yesterday: 30.49%). The strong performance was primarily driven by buying interest in Flour Mills, Chams, and Geregu offsetting the losses in ABC Tran, FTN Cocoa, and […]
Daily Market Update | 20-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed the week with a performance decline as its benchmark index fell by 0.27% to 66,915.41 points. As a result, its year-to-date (YtD) returns decreased to 30.56% (vs. Yesterday’s YtD: 30.92%). The losses recorded in GEREGU, DANGSUGAR and FLOUR MILLS offset the gains incurred in UBA, ACCESSCORP […]
Daily Market Update | 18-10-2023
Daily Market Update (Equities) Today, the Nigerian Equities market performance improved as its benchmark index rose by 0.04% to 67,353.23 points. Notably, its year-to-date (YtD) returns rose to 31.42% (vs. Yesterday’s YtD: 31.37%). The gains recorded in ZENITH BANK, UBA and GTCO offset the losses incurred in ACCESSCORP, LAFARGE and UNITED CAPITAL. The Total Volume […]
Daily Market Update | 17-10-2023
Daily Market Update (Equities) Today, the Nigerian Equities market performance improved as its benchmark index rose by 0.43% to 67,326.12 points. Notably, its year-to-date (YtD) returns rose to 31.37% (vs. Yesterday’s YtD: 30.80%). The gains recorded in STANBIC IBTC, DANGSUGAR and ACCESSCORP offset the losses incurred in NB, E-TRANZACT and TRANSCORP. The Total Volume and […]
Weekly Commentary and Stock Recommendation: 18th September – 22nd September 2023
Global Economy The Bank of England left interest rates unchanged on Thursday for the first time in nearly (2) two years during a long-running battle against persistently high inflation. Consequently, policymakers at the central bank kept interest rates constant at 5.25%, the highest since early 2008, pausing after 14 consecutive rate increases. However, it was […]
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 […]
Monthly Fixed Income Market Report – July 2023 | Hawkish Train Kindles Selloffs in the Fixed Income Market
In this report, we analyze the performance of the Nigerian fixed income market in July 2023, and provide strategies that investors can employ to navigate the fixed income market in the coming months. The FGN bond market closed the month on a negative note as average yield edged up 0.12% Month-on-Month (MoM) to 13.10%. Similarly, […]
