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March 2024 Monthly Equities Report | Positive Investor Sentiment Across Markets

 Global Market Overview: Bull Run Continues - Poised for Further Growth?
In March 2024, the global equities market maintained its upward trend, extending its positive performance for the fifth (5th) month in a row. Consequently, the MSCI world Index surged by 3.01% month-on-month (MoM). This positive momentum extended to most of the major global Indices under our coverage, except for the China's SHCOMP index which declined by 0.15% MoM.
 
Domestic Market: Equities Market Rebounds on the Back of Bargain-Hunting
The Nigerian Equities market made a rebound in March 2024, as the NGX All Share Index gained 4.58% MoM to print at 104,562.06 points (vs. 99,980.30 points in February 2024), pushing the market’s year-to-date (YtD) returns up to 39.84%, from 33.71% YtD recorded the previous month.

 

Provider
ARM Securities Limited
ARM Securities Limited

ARM Securities Limited is a full-service brokerage house that offers best-in-class brokerage services to local as well as foreign private and institutional investors. Formerly known as Hamilton Hammer, the Company commenced operation in 1994 and was acquired by ARM Investment Managers in 2008--an acquisition which has successfully re-positioned the company as a recognized brokerage firm in Nigeria. The Company is a dealing member of the Nigerian Stock Exchange (NSE) and is regulated by Securities and Exchange Commission (SEC). ARM Securities research team provides insightful commentaries on the Nigerian economy and its equity and debt markets using an approach which incorporates a thorough understanding of the fundamentals of the industries and companies under coverage. The research therefore adopts an integrated methodology of top-down analysis and bottom-up stock selection, which focuses on publicly quoted companies on the Nigerian Stock Exchange that are judged to offer the highest potential for earnings growth. In addition, its analysts provide periodic commentaries on a range of topical global and local issues which provide investing clients with a holistic view of the opportunities and risks in today’s financial market landscape. ​

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