Daily Market Update | 4-03-2024
Daily Market Update (Equities) The Nigerian equities market started the week on a positive note, as the NGX All Share Index (ASI) increased by 0.10% to settle at 98,847.89 points. As a result, the year-to-date (YtD) returns printed at 32.20% compared to Friday’s 32.07% YtD returns. The positive market sentiment was driven by gains in […]
Daily Market Update | 29-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive, rising by 0.68% to 99,980.30 points. This pushed market’s year-to-date (YtD) returns up to 33.71% (vs. Yesterday: 32.80% YtD). Total volume traded (+34.31% to 532.18mn units) and total value traded (+46.21% to NGN8.52bn) closed higher. JAPAULGOLD noted the highest trade in terms of volume […]
Daily Market Update | 28-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative, declining by 1.27% to 99,302.57 points. This pushed market’s year-to-date (YtD) returns down to 32.80% (vs. Yesterday: 34.52% YtD). Losses in FBNH, GTCO, and DANGSUGAR outweighed gains in PZ, AXA MANSARD, and NIGERIA AVIATION HANDLING CO, contributing to the negative performance. Total volume traded […]
Daily Market Update | 27-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative, declining by 1.38% to 100,582.89 points. This pushed market’s year-to-date (YtD) returns down to 34.52% (vs. Yesterday: 36.41% YtD). Losses in MTNN, FBNH, and UBA outweighed gains in TRANSCORP, STERLING, and AFRICA PRUDENTIAL, contributing to the negative performance. Total volume traded (-4.71% to 280.46mn […]
Daily Market Update | 26-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative, declining by 0.09% to 101,995.21 points. This pushed market’s year-to-date (YtD) returns down to 36.41% (vs. Yesterday: 36.53% YtD). Losses in NESTLE, DANGSUGAR, and ACCESSCORP outweighed gains in FBNH, NASCON, and GTCO, contributing to the negative performance. Total volume traded (+1.14% to 294.32mn units) […]
Daily Market Update | 22-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market reverted to negative territory, declining by 0.12% to 101,239.10 points. This pushed market’s year-to-date (YtD) returns down to 35.39% (vs. Yesterday: 35.56% YtD). Losses in Stanbic IBTC, ACCESSCCORP, and Transnational Corp outweighed gains in GTCO, FBNH, and FIDELITYBANK, contributing to the negative performance. Market sentiment was […]
Daily Market Update | 19-02-2024
Daily Market Update (Equities) The Nigerian equities market started the week on a negative note, as the NGX All Share Index (ASI) closed down by 3.15% to settle at 102,393.23 points. As a result, the year-to-date (YtD) returns printed at 36.94% compared to Friday’s 41.39% YtD returns. The negative market sentiment witnessed was propelled by […]
Weekly Commentary and Stock Recommendation: 9th February – 16th February 2024
Global Economy In January 2024, headline inflation in the US saw a slight uptick, rising by 0.3% month-on-month (MoM), compared to December’s 0.2% MoM increase, as reported by the Bureau of Labor Statistics (BLS). However, year-on-year (YoY) inflation experienced a slight decrease, settling at 3.1%, down from December’s 3.4% YoY. The increase in inflation was primarily propelled […]
Daily Market Update | 14-02-2024
Daily Market Update (Equities) The Nigerian equities market made a positive comeback today, with the NGX All Share Index (ASI) increasing by 1.76% to settle at 103,498.28 points. Consequently, the year-to-date (YtD) returns rose to 38.42% (vs 36.02% YtD yesterday). Gains in AIRTELAFRI, BUAFOODS, and SEPLAT drove the market’s positive sentiment, while losses in BUACEMENT, […]
Daily Market Update | 13-02-2024
Daily Market Update (Equities) The Nigerian equities market closed lower today, with the NGX All Share Index (ASI) dipping by 0.33% to settle at 101,707.70 points. This decline pushed the year-to-date (YtD) returns down to 36.02%, compared to yesterday’s 36.47%. The market’s negative performance was primarily driven by losses in key banking stocks ZENITHBANK, UBA, […]
