Daily Market Update | 7-09-2023
Daily Market Update (Equities) Today, the Nigerian Equities Market closed on downward note as its benchmark index reduced by 0.30% to 65,082.11 points. Consequently, its Year-to-Date returns settled at 32.84 from 33.24% Yesterday. We believe the negative performance in the market today was primarily driven by losses in DANGOTE Cement, DANSUGAR, Nestle, and NASCON, offsetting […]
Daily Market Update | 6-09-2023
Daily Market Update (Equities) Today, the Nigerian Equities Market closed negative as its benchmark index decreased by 0.07% to 65,286.28 points. Hence, its Year-to-Date returns settled at 33.24 from 33.33% Yesterday. We believe the negative performance in the market today was primarily driven by losses in DANGSUGAR, GTCO, International Breweries and Vitafoam, offsetting the gains […]
Daily Market Update | 5-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed positive in today as its benchmark index increased by 0.88% to settle at 68,334.68 points. Consequently, the Year-to-Date (YtD) returns surged to 33.33% (Yesterday: 33.22% YtD). The gains in BUA Foods PLC, DANGOTE Sugar Refinery, International Breweries, Oando and UBA offset the loss recorded in FBN, […]
Daily Market Update | 4-09-2023
Daily Market Update (Equities) The Nigerian Equities Market started the week on a positive note as its benchmark index rose by 1.11% to settle at 68,279.14 points. Consequently, the Year-to-Date (YtD) returns surged to 33.22% (Last Friday: 31.76%YtD). Gains in Zenith Bank, GTCO, Dangote Sugar, Stanbic and Ecobank offset the losses recorded in Airtel Africa, […]
Daily Market Update | 01-09-2023
Daily Market Update (Equities) The Nigerian Equities Market benchmark index surged by 1.47% to settle at 67,527.19 points in today’s trading session. Notably, the Year-to-Date (YtD) returns increased predominantly to 31.76% (Yesterday: 29.85% YtD). The gains in DANGCEM, DANGSUGAR, FBNH, ZENITH and GTCO offset the losses recorded in STANBIC, MTNN, HONEYWELL and CHAMPION. The Total […]
Weekly Commentary and Stock Recommendation: 28th August – 1st September 2023
This is a brief summary of the economic events that occurred this week in the global and domestic space. This report also provides investment strategies for investors in the coming week. Global Economy Earlier this week, China released their Purchasing Manager Index (PMI) data, which surveys large as well as state-owned companies, closed in a […]
Daily Market Update | 31-08-2023
Daily Market Update (Equities) The Nigerian Equities Market saw a rebound from the loss witnessed yesterday in today’s trading session as its benchmark index rose by 0.16% to settle at 66,439.53 points. Consequently, the Year-to-Date (YtD) returns increased to 29.85% (Yesterday: 29.64% YtD). The gains in SEPLAT, STANBIC, GTCO, UBA and NGXGROUP offset the losses […]
Daily Market Update | 30-08-2023
Daily Market Update (Equities) The Nigerian Equities Market ceased its positive trajectory in today’s trading session as its benchmark index declined by 0.51% to settle at 66,439.53 points. Consequently, the Year-to-Date (YtD) returns decreased to 29.64% (Yesterday: 29.73% YtD). The losses in TRANSNATIONAL CORP, ZENITH, GTCO, FIDELITY and STERLING offset the gains recorded in DANGSUGAR, […]
Daily Market Update | 29-08-2023
Daily Market Update (Equities) The Nigerian Equities Market sustained its positive trajectory as its benchmark index increased by 0.51% to settle at 66,490.34 points in today’s trading session. Notably, the Year-to-Date (YtD) returns surged to 29.73% (Yesterday: 29.07% YtD). The gains in DANGSUGAR, TRANSCORP HOTEL, TRANSNATIONAL CORP, ZENITH and ACCESSCORP offset the losses recorded in […]
Daily Market Update | 28-08-2023
Daily Market Update (Equities) The Nigerian Equities Market started the week on a positive note as its benchmark index rose by 0.90% to settle at 66,151.38 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns surged to 29.07% (Last Friday: 27.92% YtD). Gains in BUAFOODS, DANGSUGAR, TRANSCORP, NASCON and FIDELITY offset the losses recorded […]
