October 19, 2023/Cordros Report EQUITIES Sentiments in the Nigerian equities market turned negative as investors took profits off STANBIC (-8.5%). Consequently, the All-Share Index declined by 0.4% to 67,098.80 points. Accordingly, the Month-to-Date and Year-to-Date returns moderated to +1.1% and +30.9%, respectively. The total volume of trades decreased […]
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Bears Rebound on Equities; NGXASI Shed 38bps; ACCESSCORP, MTN, NESTLE & ZENITHBANK Drags Market
—-Naira appreciate by 1.01% October 19, 2023/Research & Strategy Futureview Financial Services Click here to download the full report EQUITIES MARKET: The Equities market closed the day’s trading on a negative note, driven by investor’s profit taking in high capitalized stocks. This resulted in a 38 basis points decrease in the NGX […]
October 20203 Bond Auction: A Slightly Better Auction for the DMO
October 19, 2023/FBNQuest Research At the primary auction of FGN bonds conducted by the Debt Management Office (DMO) on Monday, the agency offered its now regular offer size of NGN360bn worth of FGN paper to investors. While the agency fell slightly short of its sales target at NGN335bn, the outcome […]
