Daily Market Update | 01-07-2024
Daily Market Update (Equities) The Nigerian Equities market started the week on a negative note, as the NGX All Share Index declined by -0.04% to settle at 100,020.83 points. This pushed the market’s year-to-date (YtD) returns up to 33.76% (vs. Friday: 33.81% YtD). Today, total Volume and Value traded each decreased by 46.11% and 62.44% […]
Daily Market Update | 16-05-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed positive, as the All-Share Index (ASI) surged by 0.13% to close at 98,156.71 points. As a result, the market’s year-to-date (YtD) returns rose to 31.27% from 30.18% YtD yesterday. However, market activity was positive today, with the total volume and value traded rising significantly by […]
Daily Market Update | 15-05-2024
Daily Market Update (Equities) Today, the Nigerian Equities market sustained its bearish run, as the All-Share Index (ASI) dipped by 0.13% to close at 97,343.42 points. As a result, the market’s year-to-date (YtD) returns fell to 30.18% from 30.36% YtD yesterday. However, market activity was positive today, with the total volume and value traded rising […]
Weekly Commentary and Stock Recommendation: 6th May – 10th May 2024
Global Economy Earlier this week, we observed China’s Caixin/S&P Global services purchasing managers’ index (PMI) eased to 52.5 points in April 2024 from 52.7 points in March 2024, remaining in expansionary territory for the 16th straight month. The 50-mark separates expansion from contraction. Domestic Economy Earlier this week, the Central Bank of Nigeria (CBN) issued […]
Daily Market Update | 9-05-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed positive, reversing its earlier streak. The All-Share Index (ASI) gained 0.03% to settle at 98,255.72 points. Consequently, the market year-to-date (YtD) returns rose to 31.40% compared to 31.36% YtD yesterday. The was driven by gains in GTCO, TRANSCORP, and ZENITH offsetting the losses in DANGSUGAR, […]
Daily Market Update | 8-05-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed flat, ending its negative streak. The All-Share Index (ASI) was largely unchanged at 98,223.97 points. Consequently, the market year-to-date (YtD) returns declined marginally to 31.36% compared to 31.37% YtD yesterday. The was driven by losses in LAFARGE, ZENITH, and GTCO offsetting the gains in MTNN, […]
Daily Market Update | 7-05-2024
Daily Market Update (Equities) Today, the Nigerian Equities market posted its second consecutive day of losses during the week. The All-Share Index (ASI) fell by 0.48% to 98,228.50 points. Consequently, the market year-to-date (YtD) returns declined to 31.37% compared to 32.00% YtD yesterday. The was driven by losses in FBNH, GTCO, and DANGSUGAR offsetting the […]
Monthly Fixed Income Market Update | April 2024-Bearish Streak Sustained
Higher Yields Propelled by Interest Rates The Nigerian secondary Fixed Income (FI) market continued its bearish trend in April 2024. The Nigerian Treasury bills (NT-bills) market witnessed a significant negative performance, as the average yield surged by 454bps Month-on-Month (MoM) to close at 22.20%, reflecting the high interest rate environment. In contrast, the FGN Bond […]
Weekly Commentary and Stock Recommendation: 29th April – 3rd May 2024
Global Economy Earlier this week, the Federal Reserve left its key monetary policy rate unchanged, a position held since July 2023, at a ten year plus high of 5.25%-5.50%. This was underpinned by sticky prices, as inflation remained higher than the Fed’s 2% inflation target in March 2024, at 3.5% YoY. Elsewhere, in the EU, […]
DAILY MARKET UPDATE 29-04-2024
Daily Market Update (Equities) The Nigerian equities market noted a decline today as the All-Share Index (ASI) fell by 0.30% to close at 97,879.94 points. Consequently, the year-to-date (YTD) return to declined to 30.90%, from 31.30% last Friday. Gains in FBNH, ACCESSCORP and STERLING were offset by losses in GTCO, DANGSUGAR and SEPLAT. Today, the […]
