Daily Market Update | 25-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.21%, closing at 100,156.96 points. This pushed the market’s year-to-date (YTD) return down to 33.95%, compared to 34.23% YTD yesterday. Losses in ZENITH, FBNH, and UBA were the main drivers of the negative performance, outweighing gains […]
Daily Market Update | 24-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.12%, closing at 100,365.17 points. This pushed the market’s year-to-date (YTD) return down to 34.23%, compared to 34.39% YTD yesterday. Losses in UBA, DANGSUGAR, and FBNH were the main drivers of the negative performance, outweighing gains […]
Daily Market Update | 23-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index fell by 0.08%, closing at 100,486.12 points. This pushed the market’s year-to-date (YTD) return down to 34.39%, compared to 34.50% YTD yesterday. Losses in ZENITH, UBA, and FBNH were the main drivers of the negative performance, outweighing gains […]
Daily Market Update | 22-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive as the NGX All Share Index surged by 0.03%, closing at 100,568.60 points. This pushed the market’s year-to-date (YTD) return up to 34.50%, compared to 34.46% YTD on Friday. Gains in ZENITH, JULIUS BERGER, and ECOBANK were the main drivers of the positive performance, […]
Weekly Commentary and Stock Recommendation: 8th July – 12th July 2024
Global Economy Earlier this week, data from the Chinese National Bureau of Statistics (NBS) showed China’s inflation was modest in June 2024. According to the NBS, China’s national consumer price index (CPI) increased by 0.2% YoY, compared to a 0.3% YoY increase in May 2024. Among them, urban prices rose by 0.2% YoY, while rural […]
Weekly Commentary and Stock Recommendation: 24th June – 28th June 2024
Global Economy According to the US Bureau of Economic Analysis, US Real gross domestic product (GDP) increased by 1.40% YoY in Q1:2024, according to its “third” estimate (vs. 3.40% YoY in Q4:2023). The increase in real GDP primarily reflected increases in consumer spending, residential and nonresidential fixed investment, and state and local government spending that […]
Daily Market Update | 26-06-2024
Daily Market Update (Equities) For the first time this week, the Nigerian Equities market closed on a positive note, as the NGX All Share Index added 0.17% to settle at 99,385.44 points. This pushed the market’s year-to-date (YtD) returns up to 32.91% (vs. Yesterday: 32.69% YtD). The positive performance in the market is on the […]
Daily Market Update | 24-06-2024
Daily Market Update (Equities) The Nigerian equities started the week on a negative note, loosing 0.44% to print at 99,304.12 points. Consequently, the market’s year-to-date (YtD) returns printed at 32.81%. The negative sentiment was fueled by losses in AIRTEL (-2.47%), FBNH (-5.44%) and DANGSUGAR (-4.15%), offsetting losses in TRANSCORP (+9.33%), NEM (7.59%) and FIDELITY (+1.01%). […]
Weekly Commentary and Stock Recommendation: 20th May – 24th May 2024
Global Economy Earlier this week, the UK Office of National Statistics released April 2024 Consumer Price Index (CPI) data. The CPI rose by 2.3% YoY in April 2024, down from 3.2% YoY in March 2024. On a monthly basis, CPI rose by 0.3% MoM in April 2024, compared with a rise of 1.2% MoM in […]
Daily Market Update | 22-05-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative as the NGX All Share Index (NGX ASI) declined by 0.16% to 98,129.16 points, pushing the market’s year-to-date (YtD) returns down to 31.23% (vs. Yesterday: 31.27% YtD). The negative sentiment in the market was driven by losses in ZENITHBANK (-4.62%), GTCO (-3.55%), UBA (-2.16%) […]
