Culled—Proshare April 12, 2019/Zedcrest Capital ***IMF advises Nigeria, others to end fuel subsidy*** KEY INDICATORS Indicator Value Commentary Inflation 11.31% As at March 15, 2019. A c.6bps decline from 11.37% recorded in January 2019 MPR 13.50% Cut by 50bps to 13.50% at the Mar. 26, 2019 MPC Meeting External Reserves […]
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MIDDAY UPDATE: Nigerian Stocks down -0.03%, Driven by Losses in Banking, Industrial Counters
April 12, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Friday is down -0.03 percent on losses recorded in the Banking and Industrial Goods sectors, according to InvestmentOne update The report says market movers are Ikeja Hotels Plc and insurer, Nem Insurance Plc, both […]
Nigerian Stocks Rally +0.53% on Sustained Bullish Run
April 11, 2019/Cordros Update EQUITIES The Nigerian equities market sustained its recovery to close on a positive note as the benchmark index increased by 0.53% to 29,347.62 points, driven by gains in Banking stocks. Thus, the Month-to-Date and the Year-to-Date losses moderated to -5.46% and -6.63% respectively. On sectoral performance, […]
