November 28, 2024/InvestmentOne Report The NGXASI advanced by 0.50% today to close at 97,783.81pts, as the bargain hunting in OANDO (+5.40%), FBNH (+2.20%) and UBA (+1.56%) propelled the market into the green zone. In the fixed income space, the Treasury Bills secondary market exhibited a positive performance as seen from the decline […]
Author: InvestAdvocate
ARADEL, OANDO Drives Nigerian Stocks to +0.5% Gain
November 28, 2024/Cordros Report EQUITIES The Nigerian equities market traded with bullish sentiments, as gains in OANDO (+5.4%) and ARADEL (+9.2%) drove the All-Share Index higher by 0.5% to 97,783.81 points. Sequentially, the Month-to-Date and Year-to-Date returns settled higher at +0.1% and +30.8%, respectively. The total volume traded declined by 21.4% to […]
Talking Macroeconomics: Reviewing Post MPC’s Cautious Step Forward and Implications for Sectors
November 27, 2024/Meristem Research At its 298th Monetary Policy Committee (MPC) meeting held on November 25th and 26th, 2024, the MPC deliberated on pivotal choices to guide monetary policy route. The Committee decided to raise the Monetary Policy Rate (MPR) by 25bps from 27.25% to 27.50%. Other key parameters were […]
