October 16, 2024/InvestmentOne Report The NGXASI declined today by 0.25% to close at 98,291.53pts as the selloffs in the share prices of OKOMUOIL (-6.86%), NESTLE (-2.25%) and FIDELITYBK (-2.34%) drove the local bourse into the positive zone. In the fixed income space, the Treasury Bills secondary market closed downwards due to the […]
Author: InvestAdvocate
September-2024 Inflation Note: Headline Inflation Trends Slightly Higher
October 16, 2024/United Capital Research Extracts from Septr-2024 Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) revealed that the Nigeria’s headline inflation printed at 32.70% on a year-on-year (y/y) basis, indicating a 54bps climb from 32.15% y/y recorded in Aug-2024. On a month-on-month viewpoint, a […]
Bears Resurface as Nigerian Stocks Loss -0.3%, Dragged by ARADEL, NESTLE, OKOMUOIL
October 16, 2024/Cordros Report EQUITIES · The bears resurfaced in the domestic equities market as profit-taking activities in OKOMUOIL (-6.9%), NESTLE (-2.3%), and ARADEL (-5.6%) triggered a 0.3% decrease in the All-Share Index to 98,291.53 points. As a result, the Month-to-Date and Year-to-Date returns settled at -0.3% and +31.5%, respectively. The […]
