Daily Market Update|08-10-2024
Daily Market Update (Equities) Today, the Nigerian stock market closed on a positive note as it gained 0.19% while its year-to-date return settled at 30.67%. The Market performance was driven by gains in FIDELITYBK, UBA, and DANGSUGAR, offsetting losses in ACCESSCORP, WAPCO, and TRANSCORP. On a sectoral basis, the Banking (+0.81%), Consumer Goods (+0.40%), and […]
Weekly Commentary and Stock Recommendation: 30th September – 4th October 2024
Last week, the market lost NGN596.61bn due to selloffs in DANGCEM, BUACEMENT and FBNH, which caused the market to lose 0.95% Week-on-Week (WoW). However, we saw gains in sectors such as Oil and Gas, Insurance and Consumer Goods sectors, as investors bought into tickers such as SEPLAT, NEM and INTBREW respectively.
Daily Market Update|01-10-2024
Today, the Nigerian stock market closed on a positive note as it gained 0.10% while its year-to-date return settled at 31.81%. The market performance was driven by gains in OANDO, UBA and ACCESSCORP, which offset losses in BUACEMENT, FBNH and FIDELITYBANK.
Stock Recommendation for the Week , June 10
In a twist of events, the Nigerian Bourse closed negative last week, with the NSE ASI shedding 2.05% WoW to close at 30,432.13 points, with market capitalization dropping by N449.16 billion. The bearish sentiment was spurred by losses recorded across all sectors; Banking (-0.96%), Cement (-5.13%), Construction (-5.44%), Personal care (-2.62%), Food (-1.69%), Insurance (-1.48%) […]
Stock Recommendation for the Week , April 23
After five consecutive weeks of losses, the market took a turn last week with the NSE ASI appreciating 2.52% WoW to close at 30,086.31 points, and the market capitalization gaining N197.5 billion. The bullish sentiment was spurred by gains across major sectors – Banking (+2.01%), Breweries (+5.53%), Cement (+1.52%), Personal care (+1.54%), and Food (+8.12%). […]
ARM Research – Stock Recommendation for the Week , March 18
The equities market closed the week negative, with the NSE ASI shedding 2.45% WoW to close at 31,142.72 points while market capitalization lost N291.5 billion to N11.6 trillion. The downturn was driven by bearish sentiments in the Banking (-4.81%), Brewers (-1.80%), Cement (-2.42%), Personal Care (-1.22%), and Insurance (-0.23%) indices which offset gains in Food […]
