Daily Market Update | 11-12-2023
Daily Market Update (Equities) The Nigerian Equities market started the week on a positive note, as the NGX All Share Index (ASI) increased by 0.18% to settle at 71,669.91 points. This was driven by gains in ECOBANK, MTNN and BUACEMENT which offset losses incurred on FBNH, TRANSCORPHOTELS and TRANSCORP. Consequently, the market’s year-to-date (YtD) returns […]
Weekly Commentary and Stock Recommendation: 4th December – 8th December 2023
Global Economy Eurostat published the EU’s Q3 GDP for 2023 earlier this week. The data indicates that, in comparison to Q2:2023, seasonally adjusted GDP in the euro area fell by 0.1% QoQ in Q3:2023 and stayed steady in the EU. The GDP of the EU and the euro area grew by 0.1% QoQ in Q2:2023. […]
Daily Market Update | 07-12-2023
Daily Market Update (Equities) The Nigerian equities market witnessed a downward trajectory today as its benchmark index, the NGX All Share Index (ASI), declined by 0.49% to reach 71,457.92 points. Consequently, its Year-to-Date (YtD) returns dropped to 39.43% compared to yesterday’s 40.11%. Losses recorded in FBN Holdings, Access Holdings, and Zenith offset the gains in […]
Daily Market Update | 06-12-2023
Daily Market Update (Equities) The Nigerian Equities market continued its positive trajectory, as its benchmark index, the NGX All Share Index (ASI) rose by 0.78% to 71,808.64 points. Consequently, its Year-to-Date (YtD) returns went up to 40.11% (vs 39.02% Yesterday). The gains in FBNH, Access Holdings and Stanbic IBTC offset the losses recorded in OANDO, […]
Daily Market Update | 05-12-2023
Daily Market Update (Equities) The Nigerian Equities market rebounded from its loss yesterday, as its benchmark index, the NGX All Share Index (ASI) rose by 0.43% to 71,250.17 points. Consequently, its Year-to-Date (YtD) returns went up to 39.02% (vs 38.43% Yesterday). The gains in BUACEMENT, FBNH and Access Holdings offset the losses in Airtel Africa, […]
Daily Market Update | 04-12-2023
Daily Market Update (Equities) The Nigerian Equities market started the week on a negative note, as its benchmark index, the NGX All Share Index (ASI) went down by 0.66% to 70,946.83 points. Consequently, its Year-to-Date (YtD) returns declined to 38.43% from 39.35% last Friday. This decline can be attributed to losses in BUACEMENT, ZENITH and […]
Daily Market Update 27-11-2023
Daily Equities Market Update (Equities) Today, Nigerian Equities market closed with a positive performance as its benchmark index went up by 0.18% to 71,353.81 points. As a result, its year-to-date (YtD) returns increased to 39.22% (vs. last Friday’s YtD: 38.98%). The gains recorded in , FBNH, MULTIVERSE, and NSLTECH offset the losses incurred in , […]
Weekly Commentary and Stock Recommendation: 20th November – 24th November 2023
Global Economy Earlier this week, according to S&P Global, the US private sector’s economic activity grew at a moderate rate in November 2023, with the S&P Global Composite PMI remaining stable at 50.7 (vs. 50.7 in October 2023). While the Services PMI slightly increased to 50.8 from 50.6 during the same period, the Manufacturing PMI […]
Weekly Commentary and Stock Recommendation: 13th November – 17th November 2023
Global Economy Earlier this week, the US Bureau of Labor Statistics (BLS) released the October 2023 Consumer Price Index for All Urban Consumers (CPI-U) data. According to the data, inflation was unchanged in October 2023 on a seasonally adjusted basis, after increasing 0.4% MoM in September 2023. YoY, the headline CPI index increased by 3.2%. […]
Weekly Commentary and Stock Recommendation: 6th November – 10th November 2023
Global Economy According to the Chinese National Bureau of Statistics, China’s headline Consumer Price Index (CPI) declined by 0.2% YoY in October 2023 (vs. negative 0.1% in September 2023). On a MoM basis, CPI edged lower by 0.1% in October 2023 (vs. a 0.2% gain in September 2023). The headline figure was dragged by a […]
