Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets

Market/economic insight: the weekly brief (November 12th – 16thNovember 2018)

Op-Ed Contributor by Op-Ed Contributor
November 19, 2018
in Markets, Securities, Stock Market
Nigerian Equity Market

Market insight

Share on FacebookShare on TwitterShare on Linkedin

The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 0.44% WTD to close at an index level of 32,058.28 and Market capitalization of N11.70 trillion.

The sectoral performance was negative as bearish sentiments were witnessed in all sectors with the exception of the Consumer Goods and Industrial Goods Sectors up by 0.04% and 1.02% WTD respectively. However, the Oil & Gas sector recorded the highest decrease amongst NSE indices with the NSE Oil/Gas index down by 1.13% WTD, owing to significant price depreciation in ETERNA (-17.43%) and SEPLAT (-2.36%).

Market activities were characterised by profit taking on 3 out of 5 trading sessions as investors remained cautious of the equity market. This could be attributed to election approach and yield in the fixed market is relatively attractive.
In the global space, all selected equities markets except China CSI 300 returned bearish as investors focussed on dwindling price of crude oil, trade uncertainty, Brexit and growing interest rate as bond yield advanced in advanced economies.

RelatedPosts

Stock market crash would reduce consumption in Nigeria – Report

Sky Mavis opens Ronin bridge after $625 million hack

Stock Watch
Over the last five trading sessions:
SEPLAT (Seplat Petroleum Dev. Company) rose by 2.36% to
close at N652.70.
Recommendation: We maintain a hold
rating on this stock.
FBNH (First Bank of Nigeria Holdings) remained unchanged
to close at N7.45.
Recommendation: We maintain a buy rating
on this stock.
GUARANTY (Guaranty Trust Bank) fell by 0.67% to close at
N36.90.
Recommendation: We maintain a buy rating on this
stock.
ZENITHBNK (Zenith Bank) fell by 1.64% to close at N24.00.
Recommendation: We maintain a buy rating on this stock.

Related

Tags: Anchoria Asset ManagementFBNHGuarantyseplatZenithBank

Leave a Reply Cancel reply

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

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • NNPC says over 200 illegal refineries operating in Nigeria, proffers solutions to energy crisis
    • Over N3 billion at stake as frustration, uncertainty clouds investors at Foxygreen
    • Health Preparedness: Ogun, Bayelsa, Delta states top as Lagos drops to 5th place – SBM

    Follow us on social media:

    Recent News

    How NNPC made N287 billion profits in 2020

    NNPC says over 200 illegal refineries operating in Nigeria, proffers solutions to energy crisis

    June 29, 2022
    Foxygreen

    Over N3 billion at stake as frustration, uncertainty clouds investors at Foxygreen

    June 29, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com