Culled—Proshare 12/3/2018/Zedcrest Capital *** Nigeria’s external reserves hit $46 billion***– CBN Bonds The bond market traded on a bullish note with significant interests on some short tenured maturities (20s – 24s) and some buys on the 2027s as well, taking yields lower by c.4bps across the curve. This demand is […]
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Asia stocks edge up on tech shares, U.S. inflation data awaited
12/3/2018/Reuters Shinichi Saoshiro Asian stocks edged up on Tuesday with technology shares buoyed by gains in their Wall Street peers, but gains were limited ahead of U.S. inflation data later in the day which could offer clues on the pace of interest rate rises this year. Spreadbetters expected a slightly […]
Nigerian Stocks Start Week Negative, Benchmark Index Down -0.26% on Profit-Taking in Banking Counters
March 12, 2018/Cordros Update EQUITIES The equities market started the week on a negative note, as the ASI closed lower by 0.26% to 43,056.51 points –as investors booked profit in banking stocks. Accordingly, the Month-to-Date loss increased to 0.63% while the Year-to-Date gain moderated to 12.59%. Among the sectors, the […]
