Daily Market Update | 12-02-2024
Daily Market Update (Equities) The Nigerian Equities market started the week positive with the NGX All Share Index (ASI) rising by 0.18% to 102,042.30 points. Consequently, the market’s year-to-date (YtD) returns climbed to 36.47% compared to 36.22% last Friday. Today, the Total Volume and Value traded declined by 24.68% and 30.31% each to 242.43mn units […]
Daily Market Update | 06-02-2024
Daily Market Update (Equities) The Nigerian Equities market closed the day on negative as the NGX All Share Index (ASI) decreased by 1.59% to 102,108.05 points. Consequently, the market’s year-to-date (YtD) returns settled at 36.56% from 38.63% yesterday. Total Volume and Value traded dipped by 43.98% and 62.06% each to 471.43mn units and NGN7.33bn respectively. […]
Daily Market Update (Equities) The Nigerian Equities market closed on a negative note today as the NGX All Share Index (ASI) fell by 0.73% to 103,659.81points. Consequently, the market’s year-to-date (YtD) returns declined to 38.63% (vs 39.65% last Friday). The gains recorded in GEREGU, INTBREW, and OANDO were offset by losses in MTNN, ACCESSCORP, and […]
Weekly Commentary and Stock Recommendation: 29th January – 2nd February 2024
Global Economy In a coordinated stand against inflation, both the UK’s Bank of England (BOE) and the US Federal Reserve (Fed) held their key interest rates steady this week. While economic data showed some positive signs, the central banks emphasized their commitment to taming inflation pressures. The Fed opted to keep its federal funds rate […]
Monthly Fixed Income Market Report | January 2024
Monthly Fixed Income Market Report The Nigerian Fixed Income Market started 2024 on a bearish note in January, with average yields rising across board. The FGN bond market saw the average yield increase by 36bps Month-on-Month (MoM) to settle at 14.49%. Similarly, the Nigeria Treasury Bills market experienced a significant 286bps MoM surge in average […]
Daily Market Update | 01-02-2024
Daily Market Update (Equities) The Nigerian Equities market had a positive trading session today as the NGX All Share Index (ASI) increased by 1.63% to 102,802.25points. Consequently, the market’s year-to-date (YtD) returns rose to 37.48% (vs 9.70% Yesterday). The gains recorded in BUA FOODS, Zenith Bank and GTCO offset the losses in MTN Nigeria, Computer […]
Weekly Commentary and Stock Recommendation: 22nd January – 26th January 2024
Global Economy S&P Global issued the US and UK Purchasing Managers’ Index (PMI) data earlier this week. With a headline S&P Global Flash US PMI Composite Output Index of 52.3, it represented the fastest increase in business activity since June 2023, up from 50.9 in December 2023. The increase in output suggested a significant improvement […]
Daily Market Update | 25-01-2024
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the benchmark index went up by 0.57% to settle at 102,149.93 points. This trend was boosted by gains in SEPLAT, GEREGU, ECOBANK, GTCO and DANGSUGAR offsetting losses incurred in LAFARGE, TRANSCORP, FBNH and PZ. Consequently, the market’s year-to-date returns […]
Daily Market Update | 24-01-2024
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the benchmark index went up by 3.00% to settle at 101,571.11 points. This trend was boosted by gains in DANGCEM, BUA CEMENT, BUA FOODS, DANGSUGAR and TRANSCORP offsetting losses incurred in ECOBANK, ZENITH, FIDELITY and ACCESSCORP. Consequently, the market’s […]
Daily Market Update | 23-01-2024
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the benchmark index went up by 2.97% to settle at 98,616.97 points. This trend was boosted by gains in DANGCEM, BUA CEMENT, BUA FOODS, SEPLAT and MTNN offsetting losses incurred in TRANSCORP, ZENITH, DANGSUGAR and GTCO. Consequently, the market’s […]
