May 20, 2024/United Capital Research Global Markets – Mixed Sentiments Toward Risk Asset Classes Last week, the Dow Jones Industrial Average, S&P 500 Index, and Nasdaq Composite climbed to record highs, with the Dow crossing the 40,000 thresholds for the first time. The rally was fueled by easing concerns about […]
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NGXASI Declines -0.03%, Dragged by GTCO, NEM, Transcorp Hotels
May 17, 2024/InvestmentOne Report The NGXASI declined by 0.03% today to close at 98,125.73pts, as the negative sentiment on TRANSCOHOT (-9.72%), NEM (-9.63%) and GTCO (-0.25%) propelled the market into the red zone. In the fixed income space, the Treasury Bills secondary market traded on a bullish note as yields declined at […]
Bears Sustain Hold as NGXASI Records -0.1% Weekly Loss
Bearish sentiments persisted in the local bourse for another week as profit-taking activities intensified. May 17, 2024/Cordros Report Global Economy According to the Bureau of Labor Statistics (BLS), headline inflation in the United States eased by 10bps to 3.4% y/y in April (March: 3.5% y/y). We highlight that the slowdown […]
