May 31, 2018/Cordros Report EQUITIES The equities market remained pressured, as the ASI declined further by 1.30%, to 38,104.54 points — marking the 10th consecutive losing session and causing the Year-to-Date return to close negative at -0.36%. Accordingly, the Month-to-Date loss also dipped further to 7.67%. Losses persisted across major […]
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CBN sells c.N560bn T-bills to Moderate Excess Inflows from OMO T-bill Maturities
Culled—Proshare May 31, 2018/Zedcrest Capital ***CBN Manufacturing PMI Expands for 14th Consecutive Month*** Treasury Bills The T-bills Market traded on a relatively flat note, as significant inflows from OMO and FGN Bond maturities (c.N780bn) were relatively muted by a significant OMO sale (c.N560bn) to the market by the CBN. We […]
Nigerian Equities Market Sheds 0.36% Year-to-Date; NIBOR, NITTY Rise on Renewed Liquidity Strain
May 31, 2018/Cowry Asset The Local bourse lost 130 bps on sustained sell pressure amid political uncertainty, resulting in a negative year-to-date performance of 0.36%. Weakened shares of Nestle, Wapco and Zenith Bank dragged the NSE Consumer Goods, NSE Industrial and NSE Banking indexes lower by 2.59%, 2.13% and 1.10% […]
