Daily Market Update | 31-01-2024
Daily Market Update (Equities) Today, the Nigerian Equities market witnessed a decline for second time this week as the All-Share Index (ASI) dropped by 1.89% to settle at 101,154.13 points. This was driven by losses in MTN, Zenith Bank and GTCO, which offset the gains in Geregu, PZ Cussons and Vitafoam. Consequently, the market’s year-to-date […]
Daily Market Update | 30-01-2024
Daily Market Update (Equities) Today, the Nigerian Equities market witnessed a loss with the All-Share Index (ASI) declining by 1.50% to settle at 103,106.90 points. This was driven by losses in Access Holdings, UBA and Dangote Sugar, which offset the gains in Geregu, Ecobank and Wema bank. Consequently, the market’s year-to-date returns (YTD) fell to […]
Daily Market Update | 29-01-2024
Daily Market Update (Equities) The Nigerian Equities market opened the week on a strong note, gaining 2.22% to settle at 104,674.67 points. This was spurred by gains in DANGCEM, BUA and Oando, which offset losses in Zenith Bank, Access Holdings and Transnational. Consequently, the market’s year-to-date returns (YTD) increased to 39.99%. Today, the total […]
Weekly Commentary: 15th January – 19th January 2024
Global Economy Earlier this week, China released its Q4:2023 GDP figures. According to the data, Gross domestic product (GDP) grew 5.2% YoY in Q4:2023 (vs. 4.9% in Q3:2023). On a QoQ basis, however, GDP grew by 1.0% in Q4:2023, slowing from a revised 1.5% gain in the previous quarter. Elsewhere, in the UK, the Office […]
Daily Market Update | 19-01-2024
Daily Market Update (Equities) Today, the Nigerian Equities market closed positive as the benchmark index increased by 2.87% to 94,538.12 points. Consequently, the market’s year-to-date returns (YTD) increased to 26.43%. Market movers today were DANGCEM, BUACEM, SEPLAT and DANGSUGAR while the draggers were GTCO, TRANSCORP, NB and PZ. Total Volume and Value traded dropped to […]
Daily Market Update | 18-01-2024
Daily Market Update (Equities) The positive trend in the Nigerian Equities market sustained its run in today’s trading session, as the benchmark index went up by 2.04% to settle at 91,896.97 points. This trend was boosted by gains in DANGCEM, BUACEM, TRANSCORP, DANGSUGAR and PZ despite losses incurred on UBA, GTCO, ZENITH, FBNH and FIDELITYBANK. […]
Daily Market Update | 17-01-2024
Daily Market Update (Equities) The positive trend in the Nigerian Equities market continued in today’s trading session, as the benchmark index went up by 2.34% to cross 90,000 points and settle at 90,063.27 points. This trend was boosted by gains in DANGCEM, BUACEM, BUAFOODS, GEREGU and TRANSCORP despite losses incurred on DANGSUGAR, FBNH, UBA, STANBIC […]
Daily Market Update | 16-01-2024
Daily Market Update (Equities) The Nigerian Equities market sustained its positive opening to the week as the benchmark index gained 3.97% to settle at 88,001.48 points. This was fueled by gains in DANGCEM, BUACEM, MTNN, DANGSUGAR and UBA, which offset losses in OANDO, UNICAP, UAC, CAP and AXAMANSARD. The total Volume and Value traded increased […]
Daily Market Update | 15-01-2024
Daily Market Update (Equities) The Nigerian Equities market opened the week on a strong note, gaining 1.92% to settle at 84,640.89 points. This was spurred by gains in DANGCEM, GEREGU and DANGSUGAR, which offset losses in FBNH, JBERGER and ABBEYBDS. Today, the total Volume and Value traded increased by 34.44% and 21.25% each to reach […]
Weekly Commentary: 8th January – 12th January 2024
Global Economy The US Bureau of Labor Statistics (BLS) published US December 2023 CPI data earlier this week. The Headline Consumer Price Index (CPI) rose 0.3% MoM in December 2023, up from 0.1% MoM in November 2023. In December 2023, the Core Index—which excludes food and energy—rose by 0.3% MoM, remaining constant from November 2023. Several indexes saw […]
