Daily Market Update | 16-10-2023
Daily Market Update (Equities) Today, the Nigerian Equities market performance declined as its benchmark index fell by 0.24% to 67,037.93 points. Notably, its year-to-date (YtD) returns fell to 30.80% (vs. Friday’s YtD: 31.12%). The losses recorded in STANBIC IBTC, OKOMUOIL and OANDO offset the gains incurred in DANGSUGAR, UBA and ACCESSCORP. The Total Volume and […]
Weekly Commentary and Stock Recommendation: 9th October – 13th October 2023
Global Economy In China, according to China’s Bureau of Statistics, the consumer price index (CPI) was flat YoY in September 2023 (vs. 0.1% YoY in August 2023), while it inched upward by 0.2% MoM in September 2023 (vs. 0.1% MoM in August 2023). The Statistics Bureau attributed the flatlining on a YoY basis to base […]
Daily Market Update | 12-10-2023
Daily Market Update (Equities) The Nigerian Equities market continued its positive streak as its benchmark index rose by 0.05% to 67,133.19 points. Notably, its year-to-date (YtD) returns climbed to 30.99% (vs. Yesterday’s YtD: 30.93%). The gains recorded in ZENITHBANK, UBA and UNILEVER offset the losses incurred in GTCO, Transnational Corp and UNITEDCAP. The Total Volume […]
Daily Market Update | 11-10-2023
Daily Market Update (Equities) The Nigerian Equities market bounced back from its loss yesterday to close positive as its benchmark index increased by 0.17% to 67,100.49 points. Consequently, its year-to-date (YtD) returns increased to 30.93% (vs. Yesterday’s YtD: 30.70%). The gains recorded in BUACEMENT, Transnational Corp and UBN offset the losses incurred in GTCO, OANDO […]
Daily Market Update | 10-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed negative as its benchmark index declined by 0.17% to 66,984.62 points. Consequently, its year-to-date (YtD) returns increased to 30.70% (vs. Friday’s: 30.93% YtD). The losses recorded in PRESCO, ECOBANK and GTCO offset the gains incurred in OANDO, Capital Hotel and Fidson Healthcare. The Total Volume and […]
Daily Market Update | 09-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive as its benchmark index surged by 0.97% to 67,101.33 points. Consequently, its year-to-date (YtD) returns increased to 30.93% (vs. Friday’s: 29.66% YtD). The gains recorded in BUACEMENT, NB and DANGSUGAR offset the losses incurred in International Breweries, GTCO and E-Tranzact International. The Total Volume and […]
Weekly Commentary and Stock Recommendation: 3rd October – 6th October 2023
Global Economy Earlier this week, according to Eurostat, Eurozone retail sales in the 20 countries sharing the Euro fell 1.2% MoM in August 2023 (vs. -0.1% MoM in July 2023). In August 2023, the calendar adjusted retail sales index decreased by 2.1% YoY in the euro area. The monthly fall was caused mainly by a […]
Daily Market Update | 5-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive as its benchmark index rose by 0.13% to 66,570.19 points. As a result, its year-to-date (YtD) returns increased to 29.89% (vs. Yesterday: 29.72% YtD). The gains recorded in DANSUGAR, International Breweries PLC and NASCON offset the losses incurred in Champion Breweries PLC, Flour Mills of […]
Daily Market Update | 4-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed on negative run as its benchmark index lost 0.43% to 66,482.28 points. As a result, its year-to-date (YtD) returns fell to 29.72% (vs. Yesterday: 30.28% YtD). The gains recorded in GTCO, Zenith Bank and Oando were not enough to cover the losses incurred in MTN, Fidelity […]
Daily Market Update | 3-10-2023
The Nigerian Equities market started the week on a positive note as its benchmark index increased by 0.59% to 66,770.97 points. As a result, its year-to-date (YtD) returns closed at 30.28%. The gains recorded in BUECEMENT, GTCO and ACCESS Holdings offset the losses incurred in MTN NIGERIA COMMUINCATION PLC, NIGERIA BREWERIES PLC and NASCON. The […]
