Research

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Our research team tracks economic and market data for performance of all major asset classes in Nigeria and globally to help spot trends and develop new opportunities for our clients. We use these insights to give our clients an edge in creating investment strategies and portfolios that provide enduring wealth.

All Reports

DateDescriptionDownload Link
26/11/2018Fixed Income Market Monitor 19 - 23 Nov 2018
Following the Bond Auction and Monetary Policy Committee Meeting, the Bond market witnessed some level of activity with demand well pronounced on 2034s and 2030s maturities
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26/11/2018Anchoria AM Weekly Brief 19 - 23 Nov 2018
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 1.18% WTD to close at an index level of 31,678.70 and Market capitalization of N11.57 trillion.
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21/11/2018AAM October 2018 Inflation Report
Inflation Rate Halts its Upward Swing
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19/11/2018Fixed Income Market Monitor 12 - 16 Nov 2018
The Bond market continued on its bearish trend last week with yields rising across most maturities with selloff well pronounced on 2020 and 2037 bonds.
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19/11/2018Anchoria AM Weekly Brief 12 - 16 Nov 2018
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.
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12/11/2018Anchoria AM Weekly Brief 05 - 09 Nov 2018
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 0.23% WTD to close at an index level of 32,200.21 and Market capitalization of N11.76 trillion.
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12/11/2018Fixed Income Market Monitor 05 - 09 Nov 2018
The Bond market continued its bearish trend last week with yields rising across most maturities traded except for the 2036 bond that witnessed 5bps dip in yield
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5/11/2018Fixed Income Market Monitor 29 Oct-02 Nov 2018
The Bond market continued on its bearish trend last week with yields rising across most maturities traded and selloffs more pronounced on 2034 and 2030 bonds.
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5/11/2018Anchoria AM Weekly Brief 29 Oct-02 Nov 2018
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 2.38% WTD to close at an index level of 32,124.94 and Market capitalization of N11.73 trillion.
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29/10/2018Anchoria AM Fixed Income Market Monitor 22 - 26 October 2018
The Bond market continued on its bearish trend last week with yields rising across most maturities traded and selloffs pronounced on short and mid tenor bonds.
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29/10/2018AAM Weekly Brief 22 - 26 October 2018
The performance of the Nigerian Equity Market remained bullish last week with the index (NSE ASI) up by 0.20% WTD to close at an index level of 32,907.33 and Market capitalization of N12.01 trillion.
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24/10/2018 GTBANK Q3-2018 RESULT-Q3 Profit After Tax Comes in at N142.22 billion
Despite relatively lower yields environment and uncertainties surrounding the financial sector ahead of the 2019 general elections, GTBank posted a strong Q3 Earnings report with the Gross Earnings showing a growth of 8.83% year-on-year (YoY) to ₦334.27 billion, also the Profit After Tax (PAT) grew by 13.26% YoY to ₦142.22 billion.
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22/10/2018Anchoria AM Fixed Income Market Monitor 15 - 19 October 2018
The Bond market traded on a bearish note last week with yields rising across most maturities traded and selloffs well pronounced on JAN 2022 and JUL 2021 bonds.
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22/10/2018AAM Weekly Brief 15 - 19 October 2018
The performance of the Nigerian Equity Market remained bullish last week with the index (NSE ASI) up by 1.19% WTD to close at an index level of 32,841.98 and Market capitalization of N11.99trillion.
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16/10/2018AAM September 2018 Inflation Report
Ahead of Treasury Bills Auction Headline Inflation rose for the second-time.
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15/10/2018Anchoria AM Fixed Income Market Monitor 08 - 12 October 2018
The Bond market traded on a bearish note last week with yields rising across most maturities traded and selloffs well pronounced on FEB 2020 and FEB 2028 bonds.
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15/10/2018AAM Weekly Brief 08 - 12 October 2018
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 0.23% WTD to close at an index level of 32,456.98 and Market capitalization of N11.85 trillion.
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08/10/2018Anchoria AM Fixed Income Market Monitor 01 - 05 October 2018
The Bond market traded on a bullish note last week with yields falling across all maturities traded except 2024, 2027 and 2036 bonds.
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08/10/2018AAM Weekly Brief - 01 -05 October 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 1.17% WTD to close at an index level of 32,383.15 and Market capitalization of N11.82 trillion
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02/10/2018Anchoria AM Fixed Income Market Monitor 24 - 28 September 2018
The Bond market traded on a bullish note last week with yields falling across all maturities traded. This is against the backdrop of increased buying interest from local participants (Pension Fund Administrators and Asset Managers).
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02/10/2018Anchoria AM Weekly Brief 24 - 28 September 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bullish last week with the index (NSE ASI) up marginally by 0.70% WTD to close at an index level of 32,766.37 and Market capitalization of N11.96 trillion.

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24/09/2018Anchoria AM Fixed Income Market Monitor 17 - 21 September 2018
The Bond market traded on a bullish note last week with yields falling across all maturities except 2024 and 2028 bonds. This is against the backdrop of increased buying interest from local participants (Pension Fund Administrators and Asset Managers)
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24/09/2018Anchoria AM Weekly Brief 17 - 21 September 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up marginally by 0.66% WTD to close at an index level of 32,540.17 and Market capitalization of N11.88 trillion.
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19/09/2018AAM August 2018 Inflation Report
Inflation Rises For The First Time After Decline Streak
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17/09/2018Anchoria AM Fixed Income Market Monitor 10 - 14 September 2018
The Bond market traded on a bearish note last week with sell offs on most the tenors except for 2021 and 2028 bonds which witnessed increased buying interest from local participants, yield on 2028 bond fell by 16bps.
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17/09/2018Anchoria AM Weekly Brief 10 - 14 September 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 5.02% WTD to close at an index level of 32,327.59 and Market capitalization at N11.80 trillion.
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10/09/2018Anchoria AM Fixed Income Market Monitor 03 - 07 September 2018
The Bond market traded on a bearish note last week with sell offs on all the tenors. Sell offs was more pronounced on the shorter tenor bonds in reaction to increase OMO T-bills spot rate at the last auction (12.50% for 182 days OMO bills)
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10/09/2018Anchoria AM Weekly Brief 03 - 07 September 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 2.33% WTD to close at an index level of 34,037.91 and Market capitalization at N12.43 trillion.
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03/09/2018Anchoria AM Fixed Income Market Monitor 27 - 31 August 2018
The Bond market traded on a bearish note last week with sell offs in most of the tenors. Sell offs was more pronounced on the JAN 2026 bonds (+38bps). The 2027 and 2036 bonds were the most traded bonds during the week with N95.37bn and N105.80bn value traded respectively.
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03/09/2018Anchoria AM Weekly Brief 27 - 31 August 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 1.63% WTD to close at an index level of 34,848.45 and Market capitalization at N12.72 trillion.
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27/08/2018Anchoria AM Fixed Income Market Monitor 13 - 17 August 2018
The Bond market traded on a flat note last week with mixed reactions in different tenors. Sell offs was more pronounced on the APR 2037 bonds (+73bps) while demand was more pronounced on FEB 2020 Bonds (-23bps). The 2027 and 2028 bonds were the most traded bonds during the week with N20.81bn and N23.31bn value traded respectively.
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27/08/2018Anchoria AM Weekly Brief 20 - 24 August 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 0.45% WTD to close at an index level of 35,426.17 and Market capitalization at N12.93 trillion.
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24/08/2018Anchoria AM Sector Report: Insurance New Regulation - Corporate Action (Right Issues, Mergers & Acquisitions, Public Offers) unavoidable for some Insurers
NAICOM introduces a new guideline, Tier Based Minimum Solvency Capital (TMBSC) Sturcture, which will become effective on 1st January 2019 with a stipulated deadline of 14th September 2018 for Insurers to notify NAICOM on their choice of Tier level.
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20/08/2018Anchoria AM Fixed Income Market Monitor 13 - 17 August 2018
The Bond market traded on a bearish note last week as sell offs were witnessed on all tenors. The 2036 and 2028 bonds are the most traded bonds during the week with N35.06bn and N72.63bn value traded respectively.
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20/08/2018Anchoria AM Weekly Brief 13 - 17 August 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 0.51% WTD to close at an index level of 35,266.29 and Market capitalization at N12.88 trillion.
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17/08/2018AAM July 2018 Inflation Report
Inflation Report drags lower although still below Central Bank's single digit target
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13/08/2018Anchoria AM Fixed Income Market Monitor 06 - 10 August 2018
The Bond market traded on a bearish note last week as sell offs were witnessed on most tenors, most especially 2020 and 2027 bonds, this can be attributed to the following: foreign investors sell off in emerging markets as Turkey’s financial crisis deepens, and weak demand as investors anticipate the re-opening of bonds this week. The average yield in the bond market rose by 24bps to close the week at 14.21%.
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13/08/2018Anchoria AM Weekly Brief 06 - 10 August 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 2.89% WTD to close at an index level of 35,446.47 and Market capitalization at N12.94trillion.
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10/08/2018AAM Research GTBANK HY- 2018 Financial Report - Best in class Return on Equity (ROE), Maintain a Buy Rating
Guaranty Trust Bank Plc released its Half-year (HY) 2018 financial statement showing a growth of 5.85% year-on-year (YoY) in gross earnings to ₦226.63 billion, also the Profit After Tax (PAT) grew by 14.22% YoY to ₦95.58 billion. The Management proposed an interim dividend of N0.30 per share which translates to a dividend yield of 0.77% based on the last traded price.
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08/08/2018AAM Research ZENITH BANK HY- 2018 Financial Report
Zenith Bank Plc released its Half-year (HY) 2018 financial statement showing a decrease of 15.31% year-on-year (YoY) in gross earnings to ₦322.20 billion while the Profit Before Tax (PBT) grew by 16.46% YoY to ₦107.36 billion.
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06/08/2018Anchoria AM Fixed Income Market Monitor 30 Jul - 03 Aug 2018
The Bond market traded on a slightly bullish note last week as demands were witnessed on some tenors, most especially 2020 and 2036 bonds. The average yield in the bond market fell marginally by 3bps to close the week at 13.97%.
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06/08/2018Anchoria AM Weekly Brief 30 July - 03 August 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 0.37% WTD to close at an index level of 36,499.67 while market capitalization rose by 0.32% to close at N13.32 trillion.
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01/08/2018AAM Research FBNH HY- 2018 Financial Report
FBN Holdings Plc released its Half-year (HY) 2018 financial statement showing a marginal growth of 1.57% year-on-year (YOY) in gross earnings to ₦293.33 billion while the Profit After Tax (PAT) grew by 13.68% YOY to ₦33.52 billion.
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30/07/2018Anchoria AM Fixed Income Market Monitor 23 - 27 July 2018
The Bond market traded on a bearish note last week as selloff were witnessed on most tenors. Investors were bearish on 2028 FGN bond due to higher marginal rate at the Bond Auction held during the week. The average yield in the bond market rose by 15bps to close the week at 14.01%.
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30/07/2018Anchoria AM Weekly Brief 23 July - 27 July 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up marginally by 0.09% WTD to close at an index level of 36,636.97 and market capitalization of N13.27 trillion
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24/07/2018AAM June 2018 Inflation Report
Headline Inflation Rate Declined for the 17th Consecutive time in June 2018
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23/07/2018Anchoria AM Fixed Income Market Monitor 16 - 20 July 2018
The Bond market traded on a mixed note last week as bullish sentiments were witnessed on the short end of the curve while the longer tenor bonds saw some sell off from domestic investors. The demand was well pronounced in 2027 bonds. The average yield in the bond market fell by 3bps to close the week at 13.85%.
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23/07/2018Anchoria AM Weekly Brief 16 July - 20 July 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 2.11% WTD to close at an index level of 36,603.44 and market capitalization of N13.26 trillion.
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16/07/2018Anchoria AM Fixed Income Market Monitor 09 - 13 July 2018.pdf
The Bond market traded on a mixed note last week as bearish sentiments were witnessed on the short end of the curve while the longer tenor bond saw some demand from domestic investors with the demand well pronounced in 2027 and 2036 bonds.
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16/07/2018Anchoria AM Weekly Brief 09 July - 13 July 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 0.62% WTD to close at an index level of 37,392.77 and market capitalization of N13.55 trillion.
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09/07/2018Anchoria AM Fixed Income Market Monitor 02 - 06 July 2018.pdf
Bearish sentiments were witnessed in the bond market last week as yields increased across all tenors with sell off more pronounced on the 2034 and 2037 bonds.
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09/07/2018Anchoria AM Weekly Brief 02 July - 06 July 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 1.71% WTD to close at an index level of 37,625.59 and market capitalization of N13.63 trillion.
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02/07/2018Anchoria AM Fixed Income Market Monitor 25 - 29 June 2018.pdf
Bearish sentiments were witnessed in the bond market last week as yields increased in the mid and long ends of the curve while at the short ends, yield contracted with increased demand pressure on the Feb 2020 bonds (68 bps).
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02/07/2018Anchoria AM Weekly Brief 25 June - 29 June 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 1.10% WTD to close at an index level of 38,278.55 and market capitalization of N13.87 trillion.
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25/06/2018Anchoria AM Fixed Income Market Monitor 19 - 22 June 2018.pdf
Bearish sentiments were witnessed in the bond market last week as yields increased across all maturities with exception of 15 Jul 2021 bond which fell by 0.01% to close the week at N102.52.
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25/06/2018Anchoria AM 18 June - 22 June 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 2.74% WTD to close at an index level of 37,862.53 and market capitalization of N13.72 trillion.
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19/06/2018 Anchoria AM 11 June-15 June 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market remained bullish last week with the index (NSE ASI) up by 0.67% WTD to close at an index level of 38,928.02 and market capitalization of N14.10 trillion.
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13/06/2018AAM May 2018 Inflation Report
Headline Inflation Rate Declined for the 16th Consecutive time - May 2018
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11/06/2018Anchoria AM 04 June - 08 June 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bullish last week with the index (NSE ASI) up by 5.03% WTD to close at an index level of 38,669.23 and market capitalization of N14.01 trillion.
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04/06/2018AAM Weekly Brief 28 May - 01 June 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bearish last week with the index (NSE ASI) down by 6.38% WTD to close at an index level of 36,816.29 and market capitalization of N13.34 trillion.
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28/05/2018AAM Weekly Brief 21 May - 25 May 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market was bearish last week with the index (NSE ASI) down by 2.84% WTD to close at an index level of 39,323.62 and market capitalization of N14.24 trillion.
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21/05/2018AAM Weekly Brief 14 May-18 May 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market was bearish last week with the index (NSE ASI) down by 1.34% WTD to close at an index level of 40,472.45 and market capitalization of N14.66 trillion.
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14/05/2018AAM Weekly Brief 07 May- 11 May 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bearish last week with the index (NSE ASI) down by 0.48% WTD to close at an index level of 41,022.31 and market capitalization of N14.86 trillion.
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07/05/2018
AAM Weekly Brief 30 April - 4 May 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 0.06% WTD to close at an index level of 41,218.72 and market capitalization of N14.93 trillion.
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04/05/2018AAM Research FBN Holdings FY 2017 Financial Report
EARNINGS UPDATE│ FBN HOLDING PLC
FBN Holdings Plc released its FY 2017 financial statement showing a marginal growth of 2.34% year-onyear (YOY) in gross earnings to ₦595.45 billion while the Profit After Tax (PAT) grew by 178.78% YOY to ₦47.79 billion. Also, the management of FBN Holdings Plc has proposed a final dividend of ₦0.25 per share which represents a dividend yield of 2.00% based on the last traded price.
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30/04/2018AAM Weekly Report 23 - 27 April 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 1.05% WTD to close at an index level of 41,244.89 and market capitalization of N14.94 trillion.
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23/04/2018AAM Weekly Brief-16 - 20 April 2018
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 0.28% WTD to close at an index level of 40,814.89 and market capitalization of N14.74 trillion.
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16/04/2018AAM Weekly Brief- 09 - 13 April 2018
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 0.21% WTD to close at an index level of 40,928.70 and market capitalization of N14.78 trillion.
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12/04/2018AAM March Inflation Report
Headline Inflation Rate Declined for the 14th consecutive time-March 2018.
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09/04/2018AAM Weekly Brief- 02 - 06 April 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bearish last week with the index (NSE ASI) down by 1.60% WTD to close at an index level of 40,841.14 and market capitalization of N14.75 trillion.
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03/04/2018AAM Weekly Brief- 26 - 29 March 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bullish last week with the index (NSE ASI) up by 0.08% WTD to close at an index level of 41,504.51 and market capitalization of N14.99 trillion.
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26/03/2018AAM Weekly Brief- 19 - 23 March 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bearish last week with the index (NSE ASI) down by 1.11% WTD to close at an index level of 41,472.70 and market capitalization of N14.98 trillion.

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19/03/2018AAM Weekly Brief- 12 - 16 March 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bearish last week with the index (NSE ASI) down by 2.85%WTD to close at an index level of 41,935.93 and market capitalization of
N15.00 trillion.
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16/03/2018AAM Research - Zenith Bank FY 2017 Financial Report
EARNINGS UPDATE│ ZENITH BANK PLC
Zenith Bank Plc released its FY 2017 financial statement showing 46.69% year-on-year (YOY) growth in gross earnings to ₦745.2 billion while the Profit After Tax (PAT) grew by 37.24% YOY to ₦177.9 billion. Also, the management of Zenith Bank Plc has proposed a final dividend of ₦2.45 per share which represents a dividend yield of 7.90%.
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12/03/2018AAM Weekly Brief- 05 - 09 March 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bullish last week with the index (NSE ASI) up by 0.68% WTD to close at an index level of 43,167.86 and market capitalization of N15.51 trillion.
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05/03/2018AAM Weekly Brief- 26 February - 02 March 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bullish last week with the index (NSE ASI) up by 0.72% WTD to close at an index level of 42,876.23 and market capitalization of N15.40 trillion.
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26/02/2018AAM Weekly Brief- 19 - 23 February 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 0.16% WTD to close at an index level of 42,570.89 and market capitalization of N15.27 trillion.
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19/02/2018AAM Weekly Brief- 12 - 16 February 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bearish last week with the index (NSE ASI) down by 1.13% WTD to close at an index level of 42,638.83 and market capitalization of N15.30 trillion.
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12/02/2018AAM Weekly Brief- 05 - 09 February 2018
Market/Economic Insight
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05/02/2018AAM Weekly Brief- 29 January - 02 February 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bullish last week with the index (NSE ASI) up by 0.98% WTD to close at an index level of 44,639.99 and market capitalization of N16.02 trillion.
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29/01/2018AAM Weekly Brief- 22 - 26 January 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bearish for the first time in the year with the index (NSE ASI) down by 2.93% WTD to close at an index level of 43,773.76 and market capitalization of N15.69 trillion.
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22/01/2018AAM Weekly Brief- 15 - 19 January 2018
Market/Economic Insight
The performance of the Nigerian Equity Market continued on a bullish note for the third consecutive week in the year with the index (NSE ASI) up by WTD to close at an index level 5.11% of 45,092.83 and market capitalization of N16.15 trillion.
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15/01/2018AAM Weekly Brief- 08 - 12 January 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bullish for the second consecutive week in the year with the index (NSE ASI) up by 10.72% WTD to close at an index level of 42,898.90 and market capitalization of N15.37 trillion.
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08/01/2018AAM Weekly Brief- 02 - 05 January 2018
Market/Economic Insight
It was the first trading week for the year 2018 and the performance of the Nigerian Equity Market was largely bullish for the week with the index (NSE ASI) up by 1.78% WTD to close at an index level of 38,923.26 and market capitalization of N13.85 trillion.
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02/01/2018AAM Weekly Brief - 27 - 29 December 2017
Market/Economic Insight
It was the last trading week for year 2017 and a brief one as the market opened for 3 days in observance of the Christmas break for the first two days of the week
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27/12/2017AAM Weekly Brief - 18 - 22 December 2017
Market/Economic Insight
The bullish sentiment permeated the Nigerian Equity Market last week with the index (NSE ASI) up by 0.22% WTD to close at an index level of 38,522.14 and market capitalization of N13.71 trillion.
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18/12/2017AAM Weekly Brief - 11 - 15 December 2017
Market/Economic Insight
The bearish sentiment entered the Nigerian Equity Market last week with the index (NSE ASI) down by 2.09% WTD to close at an index level of 38,436.08 and market capitalization of N13.68 trillion.
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11/12/2017AAM Weekly Brief - 04 -08 December 2017
Market/Economic Insight
The bullish sentiment was sustained in the Nigerian Equity Market last week with the index (NSE ASI) up by 3.46% WTD to close at an index level of 39,257.53 and market capitalization of N13.67 trillion.
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Economic Coverage

DateDescriptionDownload Link
21/11/2018AAM October 2018 Inflation Report
Inflation Rate Halts its Upward Swing
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16/10/2018AAM September 2018 Inflation Report
Ahead of Treasury Bills Auction Headline Inflation rose for the second time.
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18/09/2018AAM August 2018 Inflation Report
Inflation Rises For The First Time After Decline Streak
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17/08/2018AAM July 2018 Inflation Report
Inflation Report drags lower although still below Central Bank's single digit target
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24/07/2018AAM June 2018 Inflation Report
Headline Inflation Rate Declined for the 17th Consecutive time in June 2018
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13/06/2018AAM May 2018 Inflation Report
Headline Inflation Rate Declined for the 16th Consecutive time - May 2018
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14/03/2018AAM February 2018 Inflation Report
Headline Inflation Rate Declined for the 13th Consecutive time - February 2018
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15/02/2018AAM January 2018 Inflation Report
Headline Inflation Rate Declined for the 12th Consecutive time - January 2018
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28/01/2018AAM Q4 and Full Year 2017 GDP Report
Nigeria Economic Growth: GDP grew by 1.92% in Q4 2017 and 0.83% for full year 2017
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17/01/2018AAM December 2017 Inflation Report
Nigeria’s Headline Inflation Rate Moderates at 15.37% YOY in Dec. 2017
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Equity Coverage

DateDescriptionDownload Link
24/10/2018GTBANK Q3-2018 RESULT-Q3 Profit After Tax Comes in at N142.22 billion
Despite relatively lower yields environment and uncertainties surrounding the financial sector ahead of the 2019 general elections, GTBank posted a strong Q3 Earnings report with the Gross Earnings showing a growth of 8.83% year-on-year (YoY) to ₦334.27 billion, also the Profit After Tax (PAT) grew by 13.26% YoY to ₦142.22 billion.
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24/08/2018Anchoria AM Sector Report: Insurance New Regulation - Corporate Action (Right Issues, Mergers & Acquisitions, Public Offers) unavoidable for some Insurers
NAICOM introduces a new guideline, Tier Based Minimum Solvency Capital (TMBSC) Sturcture, which will become effective on 1st January 2019 with a stipulated deadline of 14th September 2018 for Insurers to notify NAICOM on their choice of Tier level.
Download
10/08/2018AAM Research GTBANK HY- 2018 Financial Report - Best in class Return on Equity (ROE), Maintain a Buy Rating
Guaranty Trust Bank Plc released its Half-year (HY) 2018 financial statement showing a growth of 5.85% year-on-year (YoY) in gross earnings to ₦226.63 billion, also the Profit After Tax (PAT) grew by 14.22% YoY to ₦95.58 billion. The Management proposed an interim dividend of N0.30 per share which translates to a dividend yield of 0.77% based on the last traded price.
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08/08/2018AAM Research ZENITH BANK HY- 2018 Financial Report
Zenith Bank Plc released its Half-year (HY) 2018 financial statement showing a decrease of 15.31% year-on-year (YoY) in gross earnings to ₦322.20 billion while the Profit Before Tax (PBT) grew by 16.46% YoY to ₦107.36 billion.
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01/08/2018AAM Research FBNH HY- 2018 Financial Report
FBN Holdings Plc released its Half-year (HY) 2018 financial statement showing a marginal growth of 1.57% year-on-year (YOY) in gross earnings to ₦293.33 billion while the Profit After Tax (PAT) grew by 13.68% YOY to ₦33.52 billion.
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04/05/2018AAM Research FBN Holdings FY 2017 Financial Report
EARNINGS UPDATE│ FBN HOLDING PLC
FBN Holdings Plc released its FY 2017 financial statement showing a marginal growth of 2.34% year-onyear (YOY) in gross earnings to ₦595.45 billion while the Profit After Tax (PAT) grew by 178.78% YOY to ₦47.79 billion. Also, the management of FBN Holdings Plc has proposed a final dividend of ₦0.25 per share which represents a dividend yield of 2.00% based on the last traded price.
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23/03/2018AAM Research Access Bank FY 2017 Financial Report
EARNINGS UPDATE│ACCESS BANK PLC.
Access Bank Plc released its FY 2017 financial statement showing growth of 20.39% year-on-year (YOY) in gross earnings to ₦459.07 billion while the Profit After Tax (PAT) fell by 13.23% YOY to ₦61.99 billion. Also, the management of Access Bank Plc has proposed a final dividend of ₦0.40 per share which represents a dividend yield of 3.60% based on last traded price.
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15/03/2018AAM Research Guaranty Trust Bank FY 2017 Financial Report
EARNINGS UPDATE│ GUARANTY TRUST BANK PLC
Guaranty Trust Bank Plc released its FY 2017 financial statement showing marginally growth of 1.11% year-on-year (YOY) in gross earnings to ₦419.3 billion while the Profit After Tax (PAT) grew by 28.87% YOY to ₦170.5 billion. Also, the management of Guaranty Trust Bank Plc has proposed a final dividend of ₦2.40 per share which represents a dividend yield of 5.07%.
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13/03/2018AAM Research - Zenith Bank FY 2017 Financial Report
EARNINGS UPDATE│ ZENITH BANK PLC
Zenith Bank Plc released its FY 2017 financial statement showing 46.69% year-on-year (YOY) growth in gross earnings to ₦745.2 billion while the Profit After Tax (PAT) grew by 37.24% YOY to ₦177.9 billion. Also, the management of Zenith Bank Plc has proposed a final dividend of ₦2.45 per share which represents a dividend yield of 7.90%.
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Fixed Income Coverage

DateDescriptionDownload Link
26/11/2018Fixed Income Market Monitor 19 - 23 Nov 2018
Following the Bond Auction and Monetary Policy Committee Meeting, the Bond market witnessed some level of activity with demand well pronounced on 2034s and 2030s maturities.
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19/11/2018Fixed Income Market Monitor 12 - 16 Nov 2018
The Bond market continued on its bearish trend last week with yields rising across most maturities with selloff well pronounced on 2020 and 2037 bonds.
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12/11/2018Fixed Income Market Monitor 05 - 09 Nov 2018
The Bond market continued its bearish trend last week with yields rising across most maturities traded except for the 2036 bond that witnessed 5bps dip in yield
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5/11/2018Fixed Income Market-Monitor 29 Oct-02 Nov 2018
The Bond market continued on its bearish trend last week with yields rising across most maturities traded and selloffs more pronounced on 2034 and 2030 bonds.
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29/10/2018Anchoria AM Fixed Income Market Monitor 22- 26 October 2018
The Bond market continued on its bearish trend last week with yields rising across most maturities traded and selloffs pronounced on short and mid tenor bonds.
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22/10/2018Anchoria AM Fixed Income Market Monitor 15- 19 October 2018
The Bond market traded on a bearish note last week with yields rising across most maturities traded and selloffs well pronounced on JAN 2022 and JUL 2021 bonds.
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15/10/2018Anchoria AM Fixed Income Market Monitor 08- 12 October 2018
The Bond market traded on a bearish note last week with yields rising across most maturities traded and selloffs well pronounced on FEB 2020 and FEB 2028 bonds.
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08/10/2018Anchoria AM Fixed Income Market Monitor 01- 05 October 2018
The Bond market traded on a bullish note last week with yields falling across all maturities traded except 2024, 2027 and 2036 bonds.
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02/10/2018Anchoria AM Fixed Income Market Monitor 24- 28 September 2018
The Bond market traded on a bullish note last week with yields falling across all maturities traded. This is against the backdrop of increased buying interest from local participants (Pension Fund Administrators and Asset Managers).
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24/09/2018Anchoria AM Fixed Income Market Monitor 17- 21 September 2018
The Bond market traded on a bullish note last week with yields falling across all maturities except 2024 and 2028 bonds. This is against the backdrop of increased buying interest from local participants (Pension Fund Administrators and Asset Managers).
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10/09/2018Anchoria AM Fixed Income Market Monitor 10- 14 August 2018
The Bond market traded on a bearish note last week with sell offs on most the tenors except for 2021 and 2028 bonds which witnessed increased buying interest from local participants, yield on 2028 bond fell by 16bps.
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10/09/2018Anchoria AM Fixed Income Market Monitor 03- 07 August 2018
The Bond market traded on a bearish note last week with sell offs on all the tenors. Sell offs was more pronounced on the shorter tenor bonds in reaction to increase OMO T-bills spot rate at the last auction (12.50% for 182 days OMO bills)
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03/09/2018Anchoria AM Fixed Income Market Monitor 27 - 31 August 2018
The Bond market traded on a bearish note last week with sell offs in most of the tenors. Sell offs was more pronounced on the JAN 2026 bonds (+38bps). The 2027 and 2036 bonds were the most traded bonds during the week with N95.37bn and N105.80bn value traded respectively.
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27/08/2018Anchoria AM Fixed Income Market Monitor 13 - 17 August 2018
The Bond market traded on a flat note last week with mixed reactions in different tenors. Sell offs was more pronounced on the APR 2037 bonds (+73bps) while demand was more pronounced on FEB 2020 Bonds (-23bps). The 2027 and 2028 bonds were the most traded bonds during the week with N20.81bn and N23.31bn value traded respectively.
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20/08/2018Anchoria AM Fixed Income Market Monitor 13 - 17 August 2018
The Bond market traded on a bearish note last week as sell offs were witnessed on all tenors. The 2036 and 2028 bonds are the most traded bonds during the week with N35.06bn and N72.63bn value traded respectively.
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13/08/2018Anchoria AM Fixed Income Market Monitor 06 - 10 August 2018
The Bond market traded on a bearish note last week as sell offs were witnessed on most tenors, most especially 2020 and 2027 bonds, this can be attributed to the following: foreign investors sell off in emerging markets as Turkey’s financial crisis deepens, and weak demand as investors anticipate the re-opening of bonds this week. The average yield in the bond market rose by 24bps to close the week at 14.21%.
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06/08/2018Anchoria AM Fixed Income Market Monitor 30 Jul - 03 Aug 2018
The Bond market traded on a slightly bullish note last week as demands were witnessed on some tenors, most especially 2020 and 2036 bonds. The average yield in the bond market fell marginally by 3bps to close the week at 13.97%.
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30/07/2018Anchoria AM Fixed Income Market Monitor 23 - 27 July 2018
The Bond market traded on a bearish note last week as selloff were witnessed on most tenors. Investors were bearish on 2028 FGN bond due to higher marginal rate at the Bond Auction held during the week. The average yield in the bond market rose by 15bps to close the week at 14.01%.
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23/07/2018Anchoria AM Fixed Income Market Monitor 16 - 20 July 2018
The Bond market traded on a mixed note last week as bullish sentiments were witnessed on the short end of the curve while the longer tenor bonds saw some sell off from domestic investors. The demand was well pronounced in 2027 bonds. The average yield in the bond market fell by 3bps to close the week at 13.85%.
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16/07/2018Anchoria AM Fixed Income Market Monitor 09 - 13 July 2018.pdf
The Bond market traded on a mixed note last week as bearish sentiments were witnessed on the short end of the curve while the longer tenor bond saw some demand from domestic investors with the demand well pronounced in 2027 and 2036 bonds.
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09/07/2018Anchoria AM Fixed Income Market Monitor 02 - 06 July 2018.pdf
Bearish sentiments were witnessed in the bond market last week as yields increased across all tenors with sell off more pronounced on the 2034 and 2037 bonds.
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02/07/2018Anchoria AM Fixed Income Market Monitor 25 - 29 June 2018.pdf
Bearish sentiments were witnessed in the bond market last week as yields increased in the mid and long ends of the curve while at the short ends, yield contracted with increased demand pressure on the Feb 2020 bonds (68 bps)
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25/06/2018Anchoria AM Fixed Income Market Monitor 19 - 22 June 2018.pdf
Bearish sentiments were witnessed in the bond market last week as yields increased across all maturities with exception of 15 Jul 2021 bond which fell by 0.01% to close the week at N102.52.
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Weekly Reports

DateDescriptionDownload Link
26/11/2018Anchoria AM Weekly Brief 19 - 23 Nov 2018
The performance of the Nigerian Equity Market remained
bearish last week with the index (NSE ASI) down by 1.18%
WTD to close at an index level of 31,678.70 and Market
capitalization of N11.57 trillion
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19/11/2018Anchoria AM Weekly Brief 12 - 16 Nov 2018
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.
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12/11/2018Anchoria AM Weekly Brief 05 - 09 Nov 2018
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 0.23% WTD to close at an index level of 32,200.21 and Market capitalization of N11.76 trillion.
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5/11/2018Anchoria AM Weekly Brief 29 Oct -02 Nov 2018
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 2.38% WTD to close at an index level of 32,124.94 and Market capitalization of N11.73 trillion.
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29/10/2018Anchoria AM Weekly Brief 22 - 26 October 2018
The performance of the Nigerian Equity Market remained bullish last week with the index (NSE ASI) up by 0.20% WTD to close at an index level of 32,907.33 and Market capitalization of N12.01 trillion.
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22/10/2018Anchoria AM Weekly Brief 15 - 19 October 2018
The performance of the Nigerian Equity Market remained bullish last week with the index (NSE ASI) up by 1.19% WTD to
close at an index level of 32,841.98 and Market capitalization of N11.99trillion.
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15/10/2018Anchoria AM Weekly Brief 08 - 12 October 2018
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 0.23% WTD to close at an index level of 32,456.98 and Market capitalization of N11.85 trillion.
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08/10/2018Anchoria AM Weekly Brief 01 - 05 October 2018
The performance of the Nigerian Equity Market returned bearish last week with the index NSE ASI) down by 1.17% WTD to close at an index level of 32,383.15 and Market capitalization of N11.82 trillion
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02/10/2018Anchoria AM Weekly Brief 24 - 28 September 2018
The performance of the Nigerian Equity Market remained bullish last week with the index (NSE ASI) up marginally by 0.70% WTD to close at an index level of 32,766.37 and Market capitalization of N11.96 trillion.
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24/09/2018Anchoria AM Weekly Brief 17 - 21 September 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up marginally by 0.66% WTD to close at an index level of 32,540.17 and Market capitalization of N11.88 trillion
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17/09/2018Anchoria AM Weekly Brief 10 - 14 September 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 5.02% WTD to close at an index level of 32,327.59 and Market capitalization at N11.80 trillion
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10/09/2018Anchoria AM Weekly Brief 03 - 07 September 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 2.33% WTD to close at an index level of 34,037.91 and Market capitalization at N12.43 trillion.
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03/09/2018Anchoria AM Weekly Brief 27 - 31 August 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 1.63% WTD to close at an index level of 34,848.45 and Market capitalization at N12.72 trillion.
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27/08/2018Anchoria AM Weekly Brief 20 - 24 August 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 0.45% WTD to close at an index level of 35,426.17 and Market capitalization at N12.93 trillion.
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20/08/2018Anchoria AM Weekly Brief 13 - 17 August 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 0.51% WTD to close at an index level of 35,266.29 and Market capitalization at N12.88 trillion.
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13/08/2018Anchoria AM Weekly Brief 06 - 10 August 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 2.89% WTD to close at an index level of 35,446.47 and Market capitalization at N12.94trillion.
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06/08/2018Anchoria AM Weekly Brief 30 July - 03 August 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 0.37% WTD to close at an index level of 36,499.67 while market capitalization rose by 0.32% to close at N13.32 trillion.
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30/07/2018Anchoria AM Weekly Brief 23 July - 27 July 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up marginally by 0.09% WTD to close at an index level of 36,636.97 and market capitalization of N13.27 trillion
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23/07/2018Anchoria AM Weekly Brief 16 July - 20 July 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 2.11% WTD to close at an index level of 36,603.44 and market capitalization of N13.26 trillion.
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16/07/2018Anchoria AM Weekly Brief 09 July - 13 July 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 0.62% WTD to close at an index level of 37,392.77 and market capitalization of N13.55 trillion.
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09/07/2018Anchoria AM Weekly Brief 02 July - 06 July 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 1.71% WTD to close at an index level of 37,625.59 and market capitalization of N13.63 trillion.
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02/07/2018Anchoria AM Weekly Brief 25 June - 29 June 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 1.10% WTD to close at an index level of 38,278.55 and market capitalization of N13.87 trillion.
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25/06/2018Anchoria AM 18 June - 22 June 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 2.74% WTD to close at an index level of 37,862.53 and market capitalization of N13.72 trillion.
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19/06/2018Anchoria AM 11 June - 15 June 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market remained bullish last week with the index (NSE ASI) up by 0.67% WTD to close at an index level of 38,928.02 and market capitalization of N14.10 trillion.
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11/06/2018Anchoria AM 04 June - 08 June 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bullish last week with the index (NSE ASI) up by 5.03% WTD to close at an index level of 38,669.23 and market capitalization of N14.01 trillion
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04/06/2018AAM Weekly Brief 28 May - 01 June 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bearish last week with the index (NSE ASI) down by 6.38% WTD to close at an index level of 36,816.29 and market capitalization of N13.34 trillion.
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28/05/2018AAM Weekly Brief 21 May - 25 May 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market was bearish last week with the index (NSE ASI) down by 2.84% WTD to close at an index level of 39,323.62 and market capitalization of N14.24 trillion.
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21/05/2018AAM Weekly Brief 14 May-18 May 2018.pdf
Market/Economic Insight
The performance of the Nigerian Equity Market was bearish last week with the index (NSE ASI) down by 1.34% WTD to close at an index level of 40,472.45 and market capitalization of N14.66 trillion.
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14/05/2018AAM Weekly Brief 07 May- 11 May 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bearish last week with the index (NSE ASI) down by 0.48% WTD to close at an index level of 41,022.31 and market capitalization of N14.86 trillion.
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07/05/2018AAM Weekly Brief 30 April - 4 May 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 0.06% WTD to close at an index level of 41,218.72 and market capitalization of N14.93 trillion.
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30/04/2018AAM Weekly Report 23 - 27 April 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 1.05% WTD to close at an index level of 41,244.89 and market capitalization of N14.94 trillion.
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23/04/2018AAM Weekly Brief-16 - 20 April 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bearish last week with the index (NSE ASI) down by 0.28% WTD to close at an index level of 40,814.89 and market capitalization of N14.74 trillion.
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16/04/2018AAM Weekly Brief- 09 - 13 April 2018
Market/Economic Insight
The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 0.21% WTD to close at an index level of 40,928.70 and market capitalization of N14.78 trillion.
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09/04/2018AAM Weekly Brief- 02 - 06 April 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bearish last week with the index (NSE ASI) down by 1.60% WTD to close at an index level of 40,841.14 and market capitalization of N14.75 trillion.
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03/04/2018AAM Weekly Brief- 26 - 29 March 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bullish last week with the index (NSE ASI) up by 0.08% WTD to close at an index level of 41,504.51 and market capitalization of N14.99 trillion.
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26/03/2018AAM Weekly Brief- 19 - 23 March 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bearish last week with the index (NSE ASI) down by 1.11% WTD to close at an index level of 41,472.70 and market capitalization of N14.98 trillion.



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19/03/2018AAM Weekly Brief- 12 - 16 March 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bearish last week with the index (NSE ASI) down by 2.85%WTD to close at an index level of 41,935.93 and market capitalization of
N15.00 trillion.

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12/03/2018AAM Weekly Brief- 05 - 09 March 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bullish last week with the index (NSE ASI) up by 0.68% WTD to close at an index level of 43,167.86 and market capitalization of N15.51 trillion.
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05/03/2018AAM Weekly Brief- 26 February - 02 March 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bullish last week with the index (NSE ASI) up by 0.72% WTD to close at an index level of 42,876.23 and market capitalization of N15.40 trillion.
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26/02/2018AAM Weekly Brief- 19 - 23 February 2018
Market/Economic Insight
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) down by 0.16% WTD to close at an index level of 42,570.89 and market capitalization of N15.27 trillion.
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19/02/2018AAM Weekly Brief- 12 - 16 February 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bearish last week with the index (NSE ASI) down by 1.13% WTD to close at an index level of 42,638.83 and market capitalization of N15.30 trillion.

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12/02/2018AAM Weekly Brief- 05 - 09 February 2018
Market/Economic Insight
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05/02/2018AAM Weekly Brief- 29 January - 02 February 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was bullish last week with the index (NSE ASI) up by 0.98% WTD to close at an index level of 44,639.99 and market capitalization of N16.02 trillion.
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29/01/2018AAM Weekly Brief- 22 - 26 January 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bearish for the first time in the year with the index (NSE ASI) down by 2.93% WTD to close at an index level of 43,773.76 and market capitalization of N15.69 trillion.
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22/01/2018AAM Weekly Brief- 15 - 19 January 2018
Market/Economic Insight
The performance of the Nigerian Equity Market continued on a bullish note for the third consecutive week in the year with the index (NSE ASI) up by 5.11% WTD to close at an index level of 45,092.83 and market capitalization of N16.15 trillion.
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15/01/2018AAM Weekly Brief- 08 - 12 January 2018
Market/Economic Insight
The performance of the Nigerian Equity Market was largely bullish for the second consecutive week in the year with the index (NSE ASI) up by 10.72% WTD to close at an index level of 42,898.90 and market capitalization of N15.37 trillion.
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08/01/2018AAM Weekly Brief- 02 - 05 January 2018
Market/Economic Insight
It was the first trading week for the year 2018 and the performance of the Nigerian Equity Market was largely bullish for the week with the index (NSE ASI) up by 1.78% WTD to close at an index level of 38,923.26 and market capitalization of N13.85 trillion.
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02/01/2018AAM Weekly Brief - 27 - 29 December 2017
Market/Economic Insight
It was the last trading week for year 2017 and a brief one as the market opened for 3 days in observance of the Christmas break for the first two days of the week
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27/12/2017AAM Weekly Brief - 18 - 22 December 2017
Market/Economic Insight
The bullish sentiment permeated the Nigerian Equity Market last week with the index (NSE ASI) up by 0.22% WTD to close at an index level of 38,522.14 and market capitalization of N13.71 trillion.
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18/12/2017AAM Weekly Brief - 11 - 15 December 2017
Market/Economic Insight
The bearish sentiment entered the Nigerian Equity Market last week with the index (NSE ASI) down by 2.09% WTD to close at an index level of 38,436.08 and market capitalization of N13.68 trillion.
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11/12/2017AAM Weekly Brief - 04 -08 December 2017
Market/Economic Insight
The bullish sentiment was sustained in the Nigerian Equity Market last week with the index (NSE ASI) up by 3.46% WTD to close at an index level of 39,257.53 and market capitalization of N13.67 trillion.
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