May 11, 2018/Cordros Report Global Economy The US Labour Department released data showing slower-than-expected monthly growth in the US Consumer Price Index (CPI) for April by 0.2%, against market’s expectation of 0.3%. However, the reading showed a rebound from the 0.1% drop in inflation in March. Higher costs of gas […]
Investors Bite
Intraday Update: Nigerian Stocks Gain +0.50% on Buy Interest Across Sectors
May 11, 2018/InvestmentOne Update ASI as at 12.00pm: +0.50%. Market movers: VERITASKAP (+7.69%), PRESCO (+5.00%), CILEASING (-5.00%), WAPIC (-3.77%). Sector Performances: Oil & Gas (+1.76%), Industrial (+0.41%), Consumer Goods (+0.22%), Banking (+0.07%). Market activity: In today’s early trade, total volume declined by 18% while total value rose by 38% compared […]
Funding Rates Spike as CBN Mops up System Liquidity with c.N454bn OMO Sale
Culled—-Proshare May 10, 2018/Zedcrest Capital ***We won’t be complacent on oil price rise, Adeosun tells W/Bank*** Bonds The bond market witnessed slight pullback in yields following a slowdown in offshore profit taking and renewed buying interest from local clients. Yields consequently compressed by c.7bps on average. We however note that […]
