Daily Market Update | 21-05-2024
Daily Market Update (Equities) The Nigerian Equities market gained today, as the NGX All Share Index (NGX ASI) added 0.11% to 98,285.53 points, bring the year-to-date returns to 31.44%, from yesterday’s 31.27% YtD. Total volume and value traded declined by 45.05% and 23.02% to 222.90mn units and NGN5.15bn. GTCO traded the highest in terms of […]
Daily Market Update | 20-05-2024
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the NGX All Share Index (NGX ASI) gained 0.05% to settle at 98,177.88 points. As a result, the market’s year-to-date (YtD) returns rose to 31.30% from 31.27% on Friday. ACCESSCORP traded the highest in terms of both Value and […]
Weekly Commentary and Stock Recommendation: 13th May – 17th May 2024
Global Economy Earlier this week, in the EU, Eurostat released preliminary GDP data for Q1:2024. In the first quarter of 2024, seasonally adjusted GDP increased by 0.3% QoQ in both the euro area and the EU, compared with the previous quarter. In Q4:2023, GDP had declined by 0.1% QoQ in the euro area and was […]
Daily Market Update | 13-05-2024
Daily Market Update (Equities) Today, the Nigerian stock market ended on a down note, witnessing a 0.23% drop in the All-Share Index (ASI) to close at 97,473.98 points. This resulted in a decrease in the market’s year-to-date (YtD) returns to 30.36%. Market activity saw a negative trend, with total volume traded falling by 29.50% to […]
Daily Market Update 02-05-2024
Daily Market Update (Equities) The Nigerian equities market noted a positive performance today as the All-Share Index (ASI) increased by 0.55% to close at 98,762.78 points. Consequently, the year-to-date (YTD) return went up to 32.08%, from 31.36% on Tuesday. Today, the Total volume traded increased by 20.46% to settle at 665.20 meanwhile, the total value […]
Daily Market Update | 24-04-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed on a negative note, as the All-Share Index (ASI) declined by 1.18% to 98,121.30 points. Therefore, the market year-to-date (YtD) returns fell to 31.24% from yesterday’s 32.82% YtD. This declined was driven by losses in MTNN, Transcorp Hotel and FBNH offsetting the gains in Zenith, […]
Daily Market Update | 19-04-2024
Daily Market Update (Equities) The Nigerian Equities maekt ended the week on a negative note, as the NGX All-Share Index (NGX ASI) fell by 0.31% in today’s trading session. This pushed the market’s year-to-date (YtD) lower to 33.12% from yesterday’s 33.53% YtD. Losses in FBNH, STANBIC and GTCO offset gains recorded in FIDELITYBANK, OANDO and […]
Daily Market Update | 18-04-2024
Daily Market Update (Equities) Today, negative returns permeated the Nigerian equities market as the NGX All-Share Index (NGX ASI) eclined by 0.06% to settle at 99,845.91 points. As a result, the year-to-date (YtD) returns fell to 33.53% (vs. Yesterday: 33.62% YtD). The poor performance of the market today can be linked to losses in GTCO, […]
Daily Market Update | 16-04-2024
Daily Market Update (Equities) The Nigerian equities market extended its negative run today, as the NGX All-Share Index (NGX ASI) declined by 1.93% to close at 99,808.34 points, bringing the year-to-date (YtD) returns to 33.48% from yesterday’s 36.11% YtD. This is following gains in UNIVINSURE, VERIKAP and MORISSON being offset significantly by loses in DANGCEM, […]
March 2024 Monthly Fixed Income Market Update | Where are Yields Rising to?
Where are Yields Rising to? At the end of March 2024, the secondary Fixed Income (FI) market continued to note upward pressure on yields on a Month-on-Month (MoM) basis. The average yield in the Nigeria Treasury bills (NT-bills) market increased by 76bps MoM to close at 17.66%. Similarly, the FGN Bond market closed negative as […]
