Daily Market Update | 21-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 0.09% to settle at 68,217.14 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns dipped to 33.21% (Yesterday: 33.34% YtD). The losses in Oando, LASACO and CHAMS. offset the gains in JOHNHOLT, DAARCOMM and OMATEK The […]
Daily Market Update | 20-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 0.03% to settle at 68,335.72 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns dipped to 33.34% (Yesterday: 33.38% YtD). The losses in Transcorp, IKEJAHOTEL, and Secure Electronics offset the gains in Sunu Assurance, Berger Paints […]
Daily Market Update | 19-09-2023
Daily Market Update (Equities) The Nigerian Equities Market ended the day on a positive note as its benchmark index rose by 0.71% to settle at 68,359.22 points. Consequently, the Year-to-Date (YtD) returns rose to 33.38%(Yesterday: 32.44% YtD). The gains in Ellah Lakes PLC, Berger Paints, E-Tranzact, Chams, and Oando offset the losses in Secure, SCOA, […]
Daily Market Update | 18-09-2023
Daily Market Update (Equities) The Nigerian Equities Market kicked off the week on a positive note as its benchmark index rose by 0.71% to close at 67,877.17 points. Consequently, the Year-to-Date (YtD) returns increased to 32.44%, (Friday: 31.50% YtD). The gains in Northan Nigeria Flour Mills, Chams, Stanbic IBTC, LASACO, and Transcorp offset the losses […]
Weekly Commentary and Stock Recommendation: 11th September – 15th September 2023
Global Economy According to its September Global Economic Outlook report, Fitch Ratings has revised up its forecast for world growth in 2023 by 0.1% to 2.5%, reflecting surprising resilience so far this year in the US, Japan, and emerging markets (EM) excluding China. Fitch has raised US growth by 0.8% to 2.0%, Japan by 0.7% […]
Daily Market Update | 14-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 0.06% to settle at 67,335.3 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns rose to 31.41% (Yesterday: 31.47% YtD). The losses in GTCO, ZENITH, NESTLE, TRANSCORP, and FBNH offset the gains in UBA, STANBIC, LAFARGE, […]
Daily Market Update | 13-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the day positive as its benchmark index rose by 0.93% to settle at 67,378.88 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns rose to 31.47% (Yesterday: 30.26% YtD). The gains in DANGSUGAR, GTCO, ACCESSCORP, UBA, and TRANSCORP offset the losses in STANBIC, LAFARGE, NPFMCRFB, […]
Daily Market Update | 11-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 1.24% to settle at 67,296.18 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns fell to 31.31% (Yesterday: 32.96% YtD). The losses in GTCO, DANGSUGAR, ZENITH, ACCESSCORP, and UBA offset the gains in OANDO, NB, TRANSCORP, […]
Daily Market Update | 12-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the day negative as its benchmark index fell by 0.80% to settle at 66,760.20 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns fell to 30.26% (Yesterday: 31.31% YtD). The losses in MTNN, DANGSUGAR, ZENITH, ACCESSCORP, and NESTLE offset the gains in OKOMU, OANDO, WEMA, […]
Weekly Commentary and Stock Recommendation: 4th September – 8th September 2023
Global Economy In Q2:2023, seasonally adjusted GDP increased by 0.10% QoQ in the Euro Area and was stable in the European Union (EU), according to Eurostat. In Q1:2023, GDP had increased by 0.10% QoQ in the euro area and by 0.20% QoQ in the EU. Furthermore, compared with Q2:2022, seasonally adjusted GDP increased by 0.50% […]
