nigerian stock market

The Nig equity markets mostly ignored the spike in oil prices ,assuming that military action in Iran would be brief - until last week As damage to oil and gas facilities in the Middle East escalated and signs of an " off -ramp" from the war diminished, investors seemed to be struggling with the economic implications of the conflict in the intermediate term. We may be at a turming point when macro concerns re emerge in the markets, and that has important implications for investment strategy. In the last few weeks ,the non availability of gas to power electricty and the ever recurring ...

Most World Bourses plummeted this period principally because of Inflation concerns and Energy Concerns. USD is dropping as rising Energy Prices dent rates cut outlook and equally Naira traded at NFEM rate of N1,366.23/$ as Middle East Conflict sparks global volatility. Based on the recent monetary policy developments, the Central Bank of Nigeria (CBN) already cut its key interest rate (MPR) by 50 basis points to 26.5% during the meeting held on Feb 23-24 . Certainly, there is a lot of uncertainty looming over the world economies at this point in time. GENERAL DISCLOSURES. The N...

Despite the sprawling increase in the price of crude oil as a result of raging wars between USA and Iran, which led to the closure of Strait of Hormuz by Iran ,the effect has brought a lot of economic hardships to virtually every segment of the economy of the world.Oil prices have been on a roller coaster the past weeks.US WTI crude oil prices settle at $94.53per barrelBrent Crude at around $99.89Per barrelNigeria crude oil (bonny light) $96.33 per barrel It is envisaged that the oil prices may inch up to say around $150 per barrel. There is energy crisis in the world. Most stocks in...

The market closed the week and the month with the NGX AII -Share Index and Market Capitalization appreciating by 6.95% to close the week at 194,989.7 and N125.164 trillion respectively. The NGX All - Share Index ( ASI ).lost 1.11 % wtd, with MTD at 16.69, while YTD stands at 23.91. NGX oil / Gas Index led the pack with a YTD of 52.07%, followed by The Banking Index at YTD of 24.82%. The above figures are very relevant if benchmarked with the Wema Share Price Changes in the corresponding period as detailed below. YTD 32.35%QTR TD 32.35%MTD 15.38%WTD 0.75% It closed at N27.00 with impr...

The attached report is very topical and speaks to the essence of Wema Bank as an excellent brand in the banking Sector in Nigeria. Let’s take a step back, to the dark ages, when the bank was gasping for breadth and the share price was at N0.50k per share. Now for those who took the plunge to invest in Wema then ,certainly have more than enough to contend with in terms of incredible growth in value over the years. The bank has consistently been the best performing banking stock in the last two years consecutively at NGX. It is obvious that 2026 , would not be an exception based on the an...

The NGX All -Share Index and Market Capitalization appreciated by 6.16% to close the week at 182,313.08 and N117.027 trillion respectively. Naira Assets seem to be doing better than Low interest dollar holdings. The Fed Government has just announced that the External Reserve has risen to USD 49 billion, the highest in the last eight years. An interplay of reduction in inflation rate , moderation in CPI and potentially higher returns on Treasury bills played out creating liquidity glut in the T-Bill market,with the 364 day bill ended at a stop rate of 20% yield. The subscription level at...