December 11, 2024/Cordros Report The global economy demonstrated remarkable resilience despite facing significant challenges. This resilience was primarily driven by robust consumer spending and the reduction in supply chain disruptions, which mitigated the initial threat of a global recession. However, the growth momentum was moderated by prolonged monetary policy tightening […]
Author: InvestAdvocate
Monthly Fixed Income Market Insight – November 2024
December 11, 2024/InvestmentOne Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) sustained its contractionary policy stance at the final meeting of the year in November, raising benchmark interest rate by 25bps to 27.50%, bringing the cumulative rate hike to 875bps in 2024. This underscores the […]
Intraday Update: Nigerian Stocks Inch Up +0.04%, Buoyed by Blue Chips
December 11, 2024/InvestmentOne Update ASI as at 12.00pm: +0.04% Top Gainers and Losers: CONOIL (+10.00%), RTBRISCOE (+10.00%), JBERGER (-10.00%) and ABCTRANS (-8.80%). Sector Performances: Oil & Gas (+2.56%), Industrial (+0.15%), Banking (-0.09%) and Consumer Goods (-0.03%). Market activity: In today’s trade, total volume and value declined by 86% and 68% respectively, […]
