March 24, 2025/Cordros Report EQUITIES The domestic stock market opened the week on a positive note, driven by bargain hunting in banking names, including GTCO (+6.5%), ZENITHBANK (+5.0%), and UBA (+2.7%). As a result, the All-Share Index advanced by 0.6% to 105,551.39 points, with the Month-to-Date and Year-to-Date returns settling […]
Author: InvestAdvocate
Coronation Fixed Income and Exchange Rate
March 25, 2025/Coronation Research Summary Last week, system liquidity closed negative at -N1.96tn (21st March, ’25) from -N956.02bn in the previous week, reflecting the tight market conditions. Consequently, the Open Repo Rate (OPR) maintained 32.40% (+0bps), while and the Overnight Rate (O/N) increased higher to 32.90%, (+10bps) from 32.80% in […]
UBA, GTCO, ZENITHBANK Drives NGXASI to Start Week with +0.56% Gain
March 24, 2025/InvestmentOne Report The NGXASI advanced by 0.56% today to close at 105,551.39pts, as buy pressure especially in banking stocks like GTCO (+6.53%), ZENITHBANK (+5.04%) and UBA (+2.72%) drove the domestic bourse into the green Zone. In the fixed income space, the Treasury Bills secondary market closed up driven by positive […]
