Daily Market Update | 27-03-2024
Daily Market Update (Equities) The Nigerian Equities market rebounded from its two-day negative returns, as it posted a 0.32% gain in today’s trading session. This is following gains in ZENITHBANK, GTCO, UBA and ACCESSCORP offsetting losses in FBNH, MTNN, TRANSCORP and INTBREW. Consequently, the market’s year-to-date (YtD) returns increased to 39.47% from yesterday’s 39.02% YtD. […]
Daily Market Update | 26-03-2024
Daily Market Update (Equities) Extending its negative run, the Nigerian Equities market lost 0.18% in today’s trading session, following the inability of gains in ZENITHBANK, GTCO, UBA and JAIZBANK to offset losses incurred in MTNN, FBNH, ACCESSCORP and UNICAP. Consequently, the market’s year-to-date (YtD) returns fell to 39.02% from yesterday’s close of 39.27% YtD. Today, […]
Daily Market Update | 25-03-2024
Daily Market Update (Equities) The Nigerian equities market started the week on a negative note, as the NGX All Share Index (ASI) declined by 0.49% to 104,136.35 points. As a result, the market’s year-to-date (YtD) returns fell to 39.27% compared to 39.95% YtD recorded on Friday. Losses in Dangote Sugar, Transnational Corp and Ecobank offset […]
Daily Market Update 14-03-2024
Daily Market Update (Equities) The Nigerian equities market started the week on a positive note, as the NGX All Share Index (ASI) increased by 0.05% to settle at 104,056.21 points. As a result, the year-to-date (YtD) return went up to 39.16% compared to last Friday’s 3.10% YtD . The total Volume traded declined by 30.08% […]
Daily Market Update 11-03-2024
Daily Market Update (Equities) The Nigerian equities market started the week on a positive note, as the NGX All Share Index (ASI) increased by 0.70% to settle at 102,044.84 points. As a result, the year-to-date (YtD) return went up to 36.47% compared to last Friday’s 35.52% YtD . The positive market sentiment was driven by […]
Weekly Commentary and Stock Recommendation: 4th March – 8th March 2024
Global Economy Earlier this week, the US Bureau of Labor Statistics (BLS) released its Employment Situation data. According to the US BLS, total nonfarm payroll employment rose by 275,000 in February 2024, and the unemployment rate increased by 20bps to 3.9%. Job increases took place in the sectors of health care, government, food and beverage […]
Weekly Commentary and Stock Recommendation: 19th February – 23rd February 2024
Global Economy In February 2024, the headline S&P Global Flash US PMI Composite Output Index fell to 51.4 from 52.0 in January 2023, while staying in the expansion region. Nonetheless, the pace of expansion was the second-fastest since July 2023 as manufacturers and service providers recorded growth in output. US companies continued to report an […]
Daily Market Update | 20-02-2024
Daily Market Update (Equities) The Nigerian equities market extended its loss for the second consecutive trading session this week, as the market’s benchmark index dropped 1.30% to settle at 101,060.67 points. The market was dragged down down by significant losses in tickers including BUACEM, FBNH, TRANSCORP, DANGSUGAR and UBA, which suppressed gains recorded in GEREGU, […]
Daily Market Update | 15-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed on positive note, as the NGX All Share Index (ASI) went up by 0.58% to settle at 104,100.00 points. Consequently, the year-to-date (YtD) returns rose to 39.22% (vs 38.42% YtD yesterday). Gains in BUA Cement, Geregu Power, and Fidelity offset losses in FBNH, DANDSUGAR, and […]
The Nigerian Equities market closed the day on a Negative note for the 3rd day this week as the NGX All Share Index (ASI) decreased by 0.86% to 101.227.42 points. Consequently, the market’s year-to-date (YtD) returns settled at 35.38% from 36.55% yesterday. Total Volume and Value traded dipped by 39.91% and 11.97% each to 478.38mn […]
