September 23, 2024/United Capital Research Global Markets: Fed Outsized Rate Cut Sours Positive Sentiments in Markets for Risk Assets The Fed’s rate cut announcement seemed to be the most significant factor influencing investor sentiment last week. The Federal Open Market Committee chose to lower its key overnight borrowing rate by […]
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NGXASI Advance +0.20%, Driven by Bellwether Counters
September 20, 2024/InvestmentOne Report The NGXASI advanced today by 0.20% to close at 98,247.99pts as investors increased their stakes in FIDELITYBK (+9.68%), MTNN (+4.06%) and GTCO (+2.70%) which drove the Nigerian bourse into the positive territory. In the fixed income space, the Treasury Bills secondary market closed downwards driven by selloffs observed within […]
Nigerian Stocks Gain Second Straight Week, Index Up +0.8%, Buoyed by Blue Chips
The Nigerian equities market extended its gains for the second consecutive week, primarily driven by demand for GEREGU (+15.0%), MTNN (+4.0%), and FIDELITYBK (+24.2%). Thus, the All-Share Index notched a 0.8% w/w gain to close at 98,247.99 points. September 20, 2024/Cordros Report Global At the recently concluded September policy meeting, […]
