Daily Market Update (Equities) The Nigerian Equities market closed on a negative note today as the NGX All Share Index (ASI) fell by 0.73% to 103,659.81points. Consequently, the market’s year-to-date (YtD) returns declined to 38.63% (vs 39.65% last Friday). The gains recorded in GEREGU, INTBREW, and OANDO were offset by losses in MTNN, ACCESSCORP, and […]
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 […]
H1:2023 GTCO Earnings Result | Remarkable Performance Riding on FX Revaluation Gains
In its recently released earnings results for the first half of 2023 (H1:2023), GTCO’s Gross Earnings jumped by 181.08% year-on-year (YoY) to NGN672.60bn mainly due to the spike in non-interest income (+385.03% YoY to NGN446.66bn), an offshoot of the massive FX revaluation gains recorded in the period. Elsewhere, Operating Expenses increased by 26.26% YoY to […]
Daily Market Update | 24-08-2023
Daily Market Update (Equities) The Nigerian Equities Market halted its positive run for the week and recorded negative returns in today’s trading session. The benchmark index lost 0.14% to settle at 65,401.82 points while the Year-to-Date (YtD) returns fell to 27.61% (Yesterday: 27.79% YtD). Losses in FBNH, ACCESSCORP and ZENITHBANK offset the gains recorded in […]
Daily Market Update | 23-08-2023
Daily Market Update (Equities) The Nigerian Equities Market extended its positive run for the third day this week, however at a much slower pace. The market’s benchmark index increased marginally by 0.01% to 65,492.92 points. Also, the Year-to-Date (YtD) returns settled at 27.79% from yesterday’s 27.78% YtD. Losses in GTCO, ZENITHBANK, FBNH and NB dragged […]
Daily Market Update | 21-08-2023
Daily Market Update (Equities) Today, the Nigerian Equities Market started the week with gains as its benchmark index increased by 0.71% to 65,202.41 points. Hence, its Year-to-Date returns settled at 27.22% from 26.33% last week Friday. We believe the positive performance inn the market today was primarily driven by gains in BUAFOODS, STANBIC, DANGSUGAR, TRANSCORP […]
Monthly Equities Market Report – July 2023
In this report, we provide a detailed overview of the performance of the global and domestic equities market in July 2023. We also provide an outlook and sector recommendations for the coming months. Global Equities Market The global equities market ended July 2023 on a positive note, following a slowdown in inflationary pressures. This necessitated […]
Daily Market Update | 20-07-2023
Daily Market Update (Equities) The Nigerian Equities market rebounded from its loss yesterday, as its benchmark index gained 0.27% to close at 63,930.72 points. Consequently, its Year-to-Date returns increased to 24.74% from yesterday’s 24.40%. Geregu Power PLC and United Bank for Africa PLC recovered from their loss yesterday and emerged as the major market movers […]
