Daily Equities Market Update
Today, the Nigerian Equities market closed on a positive note, as the All-Share Index (ASI) increased by 0.10% to 100,075.59 points. Consequently, the market year-to-date (YtD) return rose to 33.84% from yesterday’s 33.30% YtD. This increase was driven by gains in ZENITH, UBA, and FBNH. offsetting losses in STANBICIBTC, TRANSCORP, and DANGSUGAR. Today, total volume […]
Daily Market Update
Today, the Nigerian Equities market closed on a positive note, as the All-Share Index (ASI) increased by 0.30% to 99,966.28 points. Consequently, the market year-to-date (YtD) returns rose to 33.69% from last Friday’s 33.30% YtD. This increase was driven by gains in CUTIX, IKEJAHOTEL and ROYALEX offsetting losses in CHELLARAM, CONRERST and LINKASSURE Today, total […]
Daily Market Update | 11-07-2024
Daily Market Update (Equities) The Nigerian equities market continued its downward trend for the fourth consecutive trading day this week. The NGX All Share Index dipped by 0.33%, closing at 99,468.90 points. This decline pushed the market’s year-to-date (YTD) return down to 33.03%, compared to 33.47% YTD yesterday. Losses in SEPLAT, TRANSCORP, and ACCESSCORP were […]
Daily Market Update | 10-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market continued its downward trend, albeit at a slow pace as the NGX All Share Index fell by 0.004% to close at 99,802.08 points. Consequently, the Market year-to-date (YtD) return declined to 33.47%, compared to yesterday’s 33.48% YtD. This performance was driven by losses in ZENITH, GTCO […]
Daily Market Update | 09-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market extended its negative trend as the NGX All Share Index fell by 0.02% to close at 99,805.95 points. As a result, the year-to-date (YtD) market return decreased to 33.48%, compared to 33.75% on Monday. However, trading activity saw a significant increase. The total volume traded decreased […]
Daily Market Update | 08-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market extended its negative trend as the NGX All Share Index fell by 0.02% to close at 100,006.79 points. As a result, the year-to-date (YtD) market return decreased to 33.75%, compared to 33.77% on Friday. This negative performance was driven by losses in TRANSCORP, PZ and FBNH […]
Weekly Commentary and Stock Recommendation: 1st July – 5th July 2024
Global Economy A private Purchasing Manager Index (PMI) survey released earlier this week stated that the Caixin/S&P Global manufacturing PMI increased to 51.8 in June 2024 from 51.7 in May 2024, which was the quickest clip since May 2021. For eight months running, the index—which primarily includes smaller, export-focused businesses—has been above the 50-point threshold […]
Daily Market Update | 04-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market reversed course, shedding yesterday’s gains. The NGX All Share Index dipped 0.23% to close at 100,065.68 points. This decline pushed the year-to-date (YtD) return down to 33.82%, compared to 34.14% yesterday. This negative performance was driven by losses in MTNN, WAPCO and CHAMPION offsetting gains in […]
Daily Market Update | 03-07-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed on a positive note, with the NGX All Share Index (ASI) gaining 0.23% to settle at 100,299.48 points. This upward movement contributed to an increase in the market’s year-to-date (YtD) returns, which now stand at 34.14%, up from 33.83% recorded on Tuesday. Trading activities witnessed […]
Daily Market Update | 02-07-2024
Daily Market Update (Equities) Today, the Nigerian Equities market halted it downward trend, as the NGX All Share Index gained 0.05% to settle at 100,067.77 points. Consequently, the market’s year-to-date (YtD) returns rose to 33.83% compared to Monday’s 33.76% YtD return. This positive sentiment was driven by gains in ZENITHBANK, GTCO and ACCESSCORP offsetting losses […]
