Research

MACROECONOMIC UPDATE – NOVEMBER 2022 INFLATION REPORT

The National Bureau of Statistics reported that headline inflation for the month of November came in at 21.47% Y-o-Y, 6.07% higher than the rate recorded in November 2021. This uptick marked the 10th consecutive month of an increase in the inflation rate as headline inflation reached another historical high.   The spates of flooding earlier in the year caused a lot of …

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Daily Market Report -24 Nov 2022

Dear Customer, Bullish investor sentiment prevailed in the market once again, marking a fifth consecutive positive trading session. The All-Share Index advanced by 0.81% today, taking the YtD return to +9.10%. MANSARD was the best performing stock today as its price increased by 8.57% to close at NGN1.90 while NESTLE was the bigest loser with a 10.00% drop …

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Daily Market Report -23 Nov 2022

Dear Customer, Strong positive investor sentiment was registered in the equities market today, reflected by the strong uptick in the All Share Index (+2.90%). DANGCEM was the best performing stock today with a 9.98% increase in price to NGN262.30 from NGN238.50 while SCOA was the worst performing stock with a 9.30% price decline to NGN1.17 from NGN1.29. We attribute the strong performance …

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