• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets

Market/Economic Insight: The weekly brief ( August 20th – 24th 2018)

Op-Ed Contributor by Op-Ed Contributor
August 27, 2018
in Markets, Stock Market
Nigerian Equity Market
Share on FacebookShare on TwitterShare on Linkedin

The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by WTD to close at 0.45% an index level of 35,426.17 and Market capitalization at N12.93 trillion.

The sectoral performance was negative as bearish sentiments were witnessed in all sectors with the exception of Industrial Goods sector and Insurance that rose by 1.96% and 0.78% respectively. The Banking sector recorded the highest decline amongst NSE indices with the NSE Banking Index down by 3.04% WTD, owing to significant price depreciation in UBA (-4.19%) and ZENITHBNK (-3.94%).

The market activities were characterised by bargain hunting on 2 out of 3 trading sessions last week. This is majorly driven by increased demand in a blue chip stock, DANGCEM despite sell offs in the stocks of Banking, Oil & Gas and Consumer Goods sectors.

RelatedStories

Anchoria Asset Management holds 4th Annual General Meeting, reports strong financial performance and strategic progress 

Anchoria Asset Management holds 4th Annual General Meeting, reports strong financial performance and strategic progress 

May 12, 2025
NGX

Market Rebound: Nigerian Stock Index climbs by 0.62% as key stocks surge 

September 10, 2024

In the global space, equities markets were bullish as US stock market reached an all-time high and the longest bull run in history. Also, the China Stock market closed in the green as US and China initiated trade talks during the week.

Stock Watch

Over the last five trading sessions:

SEPLAT (Seplat Petroleum Dev. Company) remained unchanged to close at N650.00.
Recommendation: We place a hold rating on this stock.

FBNH (First Bank of Nigeria Holdings) fell by 1.53% to close at N9.65.
Recommendation: We place a buy rating on this stock.

GUARANTY (Guaranty Trust Bank) fell by 1.32% to close at N37.50.
Recommendation: We maintain a buy rating on this stock.


Contact Anchoria Asset Management Limited for more information

Email: research@anchoriaam.com

www.anchoriaam.com


Follow us for Breaking News and Market Intelligence.
Tags: Anchoria Asset ManagementNigerian stock
Op-Ed Contributor

Op-Ed Contributor

Nairametrics frequently publishes articles from experts such as financial analysts, economists, researchers and investors. We also feature articles from guest writers and bloggers who wish to push their views and opinions through our platform. To get your articles on Nairametrics, kindly send an email to info@nairametrics.com and we will publish it within 24 hours of approval by our editorial team.

Related Posts

Anchoria Asset Management holds 4th Annual General Meeting, reports strong financial performance and strategic progress 
Companies

Anchoria Asset Management holds 4th Annual General Meeting, reports strong financial performance and strategic progress 

May 12, 2025
NGX
Equities

Market Rebound: Nigerian Stock Index climbs by 0.62% as key stocks surge 

September 10, 2024
Anchoria Asset Management appoints Folajimi Adeleye as new Managing Director, Esther Ugwu as new Executive Director 
Appointments

Anchoria Asset Management appoints Folajimi Adeleye as new Managing Director, Esther Ugwu as new Executive Director 

June 20, 2024
Anchoria Asset Management unveils new logo, launches mobile app
Corporate Press Releases

Anchoria Asset Management unveils new logo, launches mobile app

April 29, 2022
2022 Predictions: Why Nigerian youths should start investing
Op-Eds

2022 Predictions: Why Nigerian youths should start investing

February 16, 2022
NSE delists Skye Bank and Skye Bank and Fortis Microfinance Bank
Stock Market

Nigerian stocks on 6-day gaining streak, investors gain N154.4 billion WoW

September 5, 2020
Next Post
Lafarge Africa provides grant for startups, Lafarge Africa’s latest earnings report reveals 8.5% decline in gross profit , Lafarge Africa gets new CFO one month after resignation of former finance director, Lafarge Plc reveals why it invited Italian man with Coronavirus to Nigeria, Lafarage Africa group Plc posts a revenue of N213 billion in 2019, profit up N17 billion, Lafarge moves to sell 35% shareholding in Continental Blue Investment Ghana Limited

Lafarge Africa to hold EGM in September

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Doctors in Nigeria earn N11.9m, but FG will pay N40.8m in Saint Lucia – NMA calls out disparity
  • FG inaugurates National Credit Guarantee Company Board to boost MSME financing 
  • SEPLAT posts N13.5 billion in trades as All-Share Index eyes 121,000 level, mid-cap stocks shine 

Follow us on social media:

Recent News

Doctors calls for “Health Sector Development Bank” to stop health sector japa

Doctors in Nigeria earn N11.9m, but FG will pay N40.8m in Saint Lucia – NMA calls out disparity

July 4, 2025
FG inaugurates National Credit Guarantee Company Board to boost MSME financing 

FG inaugurates National Credit Guarantee Company Board to boost MSME financing 

July 4, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics