Financial Market Commentary: The equities market was down by 2% last week. The current political climate has made investors cautious about their investment decisions. Furthermore, the hike in interest rates by the CBN has undoubtedly resulted to bearishness across the equities market. We believe strongly that the market will redirect after the major political party…
Financial Market Commentary: The Equities market maintained its positive sentiments during the week under review. The All-Share index increased by 4.25 % week on week, the largest weekly gain since December 2020, while investors’ wealth increased by N1.166 trillion. The market’s year-to-date gain increased to 24.30 %. We believe activity levels will remain low…
Financial Market Commentary: Last week, the Nigerian Equities market enjoyed four days of market bullishness. With the NGX ASI touching the forty-eight thousand levels after 2008 market crash. This further signifies an increased market activities, transparency, and liquidity. As a result, the ASI YTD growth rate rose to 12.4%. Top five market advancers for…
Been a markdown season, decline in ASI index are reasonably expected, as majority of the shares on the NGXs are trading ex-div. Consequently, persistent drop in NGX ASI and Market Cap are evident. Last week, the index and Market Cap shed off 0.45%, bringing the YTD growth to 9.3%. Top five market advancers for the…
Trading in the Equities market was relatively bearish as the ASI closed in the red territory for four trading days in the week. Uncertainty in the market, challenging economic environment and investors’ dividend taking actions could be traceable to the 0.33% drop in the NGX ASI and Market Capitalization respectively. Top five market advancers for…
Over the past week, the Nigerian stock market has had a net positive run. The market fell on Tuesday, but began to recover on Wednesday, and gained consistently till Friday, when it closed at a new high for the week. The WTD, MTD, and YTD returns are great, at 0.36 %, 0.09 %, and 11.05…
The Nigerian Equities market space was bearish for the most part of the week’s trading session, with Investors dumping stocks of companies with unimpressive earnings report. Consequently, the NGX ASI and Market Cap lost 0.27% respectively. Top five market advancers for the week include SEPLAT (20.25%), LINKAGE (16%), FCMB (11.8%), COURTVILLE (11.11%) and ASSOCIATED BUS…
The Nigerian Equities market experienced a positive performance over the week as it recorded 4 bullish days in the 5-day work week. The WTD, MTD and YTD performance have been impressive, recording 0.40% 1.51% and 10.8% respectively. Top five market advancers for the week were RT BRISCOE (53.85%), NIGER INSURANCE (46.67%), E-TRANZACT (32.02%), ROYAL EXCHANGE…