Daily Market Update | 10-01-2024
Daily Market Update (Equities) The Nigerian Equities market closed on a negative note today as the NGX All Share Index (ASI) declined by 1.45% to 82,024.38points. Consequently, the market’s year-to-date (YtD) returns went down to 9.70% (vs 11.31% Yesterday). The losses recorded in MTNN, ZENITH and GTCO offset the gains in DANGCEM, BUAFOODS and Transcorp […]
Daily Market Update | 09-01-2024
Daily Market Update (Equities) The Nigerian Equities market continued its positive trend as the NGX All Share Index (ASI) went up by 3.62% to 83,229.46points. Consequently, the market’s year-to-date (YtD) returns rose to 11.31% (vs 7.24% Yesterday). The gains recorded in DANGCEM, MTNN and BUAFOODS offset the losses in TOTAL, Champion Breweries and DAARCOMM. The […]
Daily Market Update | 08-01-2024
Daily Market Update (Equities) The Nigerian Equities market closed the day positively as the NGX All Share Index (ASI) went up by 0.83% to 80,324.53points. Consequently, the market’s year-to-date (YtD) returns settled at 7.24% compared to 6.54% on Friday. The gains recorded in Lafarge Africa PLC, Transnational Corp of Nigeria and GTCO offset the losses […]
Daily Market Update 04-01-2024
Daily Market Update (Equities) The Nigerian Equities market closed the day on a positive note as the NGX All Share Index (ASI) went up 0.62% to 78,020.54 points. Consequently, the market’s year-to-date (YtD) returns settled at 4.34% from 3.70% yesterday. Total Volume increased by 6.92% to NGN984.19mn units, similarly, Total Value went up by 6.03% […]
Daily Equities Market Update 03-01-2024
Today the Nigerian Equities market closed on a positive note as the benchmark index (NGXASI) went up by 2.04% to 77,537.57 points. Consequently, year to date return climbed up to 3.70%. Notably, all sectors under or coverage closed on a positive note. Gains in BERGER,CORNERST and MULTIVERSE offset Losses in LEARNAFRICA, CHAMPION and CLEANING In […]
Weekly Commentary and Stock Recommendation: 27th December – 29th December 2023
Global Economy The US Labor Department made data on initial unemployment claims available over the week. The week before Christmas saw an increase in first unemployment claims, according to the agency, as the once-hot labor market continued to drop. For the week ending December 2023, the number of first applications for unemployment benefits increased by […]
Weekly Commentary and Stock Recommendation: 18th December – 22nd December 2023
Global Economy Earlier this week, the Office of National Statistics (ONS) released UK November 2023 Consumer Price Index (CPI) data. According to the ONS, The CPI rose by 3.9% YoY in November 2023, down from 4.6% YoY in October 2023. On a MoM basis, CPI fell by 0.2% in November 2023 (vs. +0.4% MoM in […]
Weekly Commentary and Stock Recommendation: 11th December – 15th December 2023
Global Economy Earlier this week, the Federal Reserve kept interest rates unchanged at the end of its policy meeting. The widely expected decision kept the target range for the federal-funds rate at 5.25-5.50%. The median forecast in Federal Open Market Committee members’ latest Summary of Economic Projections has the federal-funds rate ending 2024 at 4.6%. […]
Daily Market Update | 13-12-2023
Daily Market Update (Equities) The Nigerian Equities market closed the day on a positive note as the NGX All Share Index (ASI) increased by 0.55% to 72,299.79 points. Consequently, the market’s year-to-date (YtD) returns settled at 41.07% from 40.30% yesterday. This was spurred on by gains in ACCESSCORP, FBNH and TRANSCORPHOTELS offsetting losses incurred in […]
Daily Market Update | 12-12-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive today as the benchmark index increased by 0.33% to 71,907.26 points, pushing the market’s Year-to-Date (YtD) returns past 40.00% to 40.30% (vs. Yesterday: 39.84% YtD). This is on the back strong gains in MTNN, UBA and TRANSCORPHOTELS, which countered losses in FBNH, CONOIL and JAIZBANK. […]
