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The Nigerian equities market sustained a bullish run in November, closing in the green for four consecutive weeks and recording a Monthly return of 2.44%. This week, the NSEASI gained 0.04% to settle at 27,002.15pts, trimming the YtD losses to -14.09%. The market's gain last week flowed from the bullish sentiments on stocks in the consumer goods sector. The NSEFBT10 recorded the most gain of 4.69%, as NESTLE, CADBURY and DANGSUGAR stood among the top gainers in the segment. Thus, we expect investor participation in the Equities market to continue to increase as more investors continue to take advantage of current price levels which should spur a positive close this week. Kindly find attached the full report.

The Nigerian equities market was dominated by the Bulls for the third consecutive week as bullish sentiment persisted on four (4) out of the five (5) trading days in the week. Hence, NSEASI advanced by 0.52% to 26,991.42pts, pegging the YtD at -14.12%.The bullish sentiment in the market last week was spurred by the bargain hunting on stocks across the consumer goods and oil & gas sector. We expect investors to continue their slow return to the equities market, given the dearth of alternatives in the economy. Thus, we expect to see pockets of bargain hunting activities on stocks with impressive fundamentals, driving the market to a positive close this week. Kindly find attached the full report.

For the second consecutive week, the domestic bourse closed higher, with gains on three (3) of the four (4) trading days. The strong charge was led by banking stocks, which added 6.77%, with support from tickers in the industrial and consumer goods sectors to settle the NSEASI higher by 2.04% at 26,851.68pts. The positive sentiment was driven by significant bargain hunting activities by excess funds from the money market. This week, we expect sentiment to be mixed in the equities market. Last week’s significant rally has opened up opportunities for profit-taking on stocks that posted extended rallies. However, we posit that the market remains fundamentally undervalued, and investors still have a number of options to place their funds. We expect this to drive the market even higher this week. Kindly find attached the full report.

Investors’ sentiments were dampened by some unimpressive earnings releases while the downturn in the market was spurred by losses on heavyweights like NESTLE and some banking stocks. Although we expect mixed sentiment to filter through the market this week, we envisage that positive sentiment will prevail, with the NSEASI recording a marginal gain this week. We do not rule out sell-offs occurring in the market owing to the pre-existing negative outlook for the bourse. However, we expect the positive triggers highlighted to stir the market to a positive close this week. Kindly find attached the full report.

In the previous week, the Nigerian equities market plunged further as the All Share Index shed 0.38%, marking the fourth consecutive week of losses in October. The NSEASI settled at 26,348.73pts, bringing the YtD return to -16.17%. The losses recorded were owing to a mix of unimpressive earnings and general sell-offs across all market indices. This week, we envisage the market dipping further as a combination of tepid earnings and the wave of policy uncertainty, especially in the banking sector is expected to keep the market in a downbeat mood. On a balance of factors, we expect bearish sentiment to dominate the market this week. Kindly find attached the full report.

The Nigerian equities market closed down marginally (-0.09%) last week, despite gains on some large cap stocks such as SEPLAT, NESTLE among others. As a result, the YtD return was pegged at -11.95%. The bearish sentiment in the market last week was spurred by the selloffs on stocks across the banking and industrial goods sector. We expect these factors to stir activities in the market this week and push the All Share Index higher.  find attached for the full report.

Bearish sentiment dominated the Nigerian equities market last week, due to profit taking. Consequently, the NSEASI shed 0.29%, worsening the YtD loss to 11.87%. The market return was impacted by the significant sell-off on AIRTELAFRI, the third largest stock by market capitalization. The overbearing trend in the market remains bearish. Hence, we expect the market to close down this week, due to profit taking activities across counters.  find attached for the full report.