May 24, 2018/US SEC SUMMARY:As directed by Congress pursuant to the Fair Access to Investment Research Act of 2017, the Commission is proposing new rule 139b under the Securities Act of 1933. If adopted, the proposal would establish a safe harbor for an unaffiliated broker or dealer participating in a […]
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Weak Auction Results Dampen Bond Market Outlook
Culled—Proshare May 23, 2018/Zedcrest Capital ***Framework for $2.5bn China currency swap coming next week***— CBN Bonds The Bond Market traded with mixed sentiments as market players sold off on the shorter end of the curve (19s and 20s) whilst there were slight interests on the medium to long end. Yields […]
Stocks Remain Bearish for Fifth Consecutive Session, Down -0.25%
May 23, 2018/Cordros Report EQUITIES Proceedings in the equities market remained bearish, as the ASI inched lower — for the fifth consecutive session — by 0.25% to 40,150.55 points. Accordingly, the Month-to-Date loss increased to 2.71% while the Year-to-Date gain dropped to 4.99% — the lowest since January 8th. All […]
