Nigerian Markets
For Tuesday, the NGX All-Share Index
bounced back from the previously bearish Monday, appreciating by +0.43% to
close at 71,250.17 points. This positive momentum was mirrored in the NGX Growth Index, which gained +0.08%, and the NGX Premium Index, which emerged as the
star performer with an impressive +0.88% increase. This positive momentum
resulted in a market capitalization increase of N166 billion.
The NGX Banking Index performed best
out of all sector indices, appreciating by +1.45%. This impressive performance
was driven by gains in key banking players such as Access Holding Plc.
(ACCESSCORP) up+6.32%, Jaiz Bank Plc. (JAIZBANK) up +1.92%, and Sterling
Financial Holdings Plc. (STERLINGNG) up +1.64%.
In terms of trade volume UACN Plc.
(UACN) took the lead with 61.71 million units traded, followed by United Bank
for Africa Plc. (UBA) with 58.30 million units, and Guarantee Trust Holding
Company Plc. (GTCO) with 23.00 million units.
U.S. Markets
On Tuesday, Dec. 5th, U.S. equities
largely retreated for the second consecutive session this week, despite
remaining near their highest levels in 20 months. This cautious trading pattern
reflects investors’ efforts to assess the Federal Reserve's monetary policy
path for 2024.
The release of the latest Job
Openings and Labor Turnover Survey (JOLTS) yesterday played a key role in
shaping investors' sentiment. The data revealed a drop in U.S. job openings to
their lowest level since August 2021, suggesting an easing in the labour market
as higher interest rates cool economic demand. Now, expectations for a U.S.
rate cut of at least 0.25% in March 2024 have jumped to 64% from 35% in just
one week.
The S&P-500 fell -0.06% and the
Dow fell -0.22%. However, the tech-heavy Nasdaq-100 took a divergent position
and rallied +0.24%. Top movers on the Nasdaq-100 index include Nvidia Inc.
(NVDA) up by +2.33%, Palo Alto Networks Inc. (PANW) up by +2.15%, and Apple
Inc. (AAPL) up by +2.11%.
Market Closing
Performance for Tuesday, December 5th, 2023.
Nigerian Markets
Major Indices
|
Index |
Last Close |
1-Day Change |
|
NGX All Shares
Index |
71,250.17 |
+0.43% |
|
NGX Growth
Board Index |
6,628.97 |
+0.08% |
|
NGX Premium
Board Index |
6,854.72 |
+0.88% |
|
NGX Oil and
Gas |
1,047.07 |
+0.00% |
|
NGX Banking |
767.66 |
+1.45% |
|
U.S Markets
Major Indices &
Other Assets
|
Index |
Last Close |
1-Day
Change |
|
S&P-500 |
4,567.17 |
-0.06% |
|
Dow Jones |
36,124.57 |
-0.22% |
|
Nasdaq-100 |
15,877.71 |
+0.24% |
|
U.S. 10-Year
Treasury Yield* |
4.195% |
-0.96% |
|
Brent (Oil)* |
$77.21 |
-1.15% |
|
Bitcoin* |
$43,516.38 |
+4.28% |
*Bitcoin is a continuously traded
asset without a defined closing time. US10YR and Brent also have different
trading hours. The price displayed here represents their values as of 8:00 am
(GMT+1) on Wednesday, Dec. 6th.
Top Gainers
|
Company |
Ticker |
Last Close |
1-Day
Change |
|
Kala Bio Inc. |
KALA |
$8.91 |
+37.29% |
|
Adit Edtech
Acquisition |
ADEX |
$1.56 |
+19.43% |
|
Travere
Therapeutics Inc. |
TVTX |
$7.40 |
+17.65% |
S&P-500's Top
Gainers
|
Company |
Ticker |
Last Close |
1-Day
Change |
|
MarketAxess
Holdings Inc. |
MKTX |
$251.27 |
+5.33% |
|
Discover
Financial Services |
DFS |
$99.08 |
+4.58% |
|
Alaska Air
Group |
ALK |
$35.57 |
+4.37% |
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