March 2, 2020/Coronation Report
Last week was a miserable week for global equities as fear spread faster than the coronavirus itself. However, the world’s monetary authorities are responding with liquidity to support markets, which is important for economies like Nigeria which need foreign currency. See page 2. Meanwhile the Nigerian Stock Exchange All-Share Index (NSE-ASI) fell sharply, with unpleasant knock-on effects for our Model Equity Portfolio.
