December 11, 2024/Cordros Report EQUITIES The local bourse extended yesterday’s bullish performance as bargain hunting in ARADEL (+7.5%), CONOIL (+10.0%) and WAPCO (+1.5%) drove the benchmark index 0.3% higher. Thus, the All-Share index closed at 98,509.68 points, with the Month-to-Date and Year-to-Date returns increasing to +1.0% and +31.7%, respectively. The […]
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NGXASI Gains +0.31%, Driven by CONOIL, WAPCO NEM
December 11, 2024/InvestmentOne Report The NGXASI advanced by 0.31% today to close at 98,509.68pts, as positive sentiment observed in CONOIL (+10.00%), WAPCO (+1.54%) and NEM (+9.74%) drove the local bourse into the green zone. In the fixed income space, the Treasury Bills secondary market traded downwards today, largely due to selloffs seen […]
Monthly Fixed Income Market Insight – November 2024
December 11, 2024/InvestmentOne Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) sustained its contractionary policy stance at the final meeting of the year in November, raising benchmark interest rate by 25bps to 27.50%, bringing the cumulative rate hike to 875bps in 2024. This underscores the […]
