May 24, 2023/InvestmentOne Update ASI as at 12.00pm: +0.16% Top Gainers and Losers: UPL (+9.76%), RTBRISCOE (+9.68%), CHELLARAM (-9.82%) and CHAMS (-8.57%). Sector Performances: Oil and Gas (+1.57%), Consumer Goods (+0.23%), Industrial (+0.02%) and Banking (-0.01%). Market activity: In today’s trade, total volume increased by 43% and 192% respectively, compared to […]
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BCBS-CPMI-IOSCO Publish Analysis of Margining Dynamics in Centrally Cleared Commodities Markets During 2022 Stress Events
May 24, 2023/IOSCO Global standard setters publish a report analysing margin dynamics in centrally cleared commodities markets during the high volatility episode in 2022. The report finds that central counterparties (CCPs) are sensitive to the impact of margin calls on market participants and some CCPs are adjusting their approach to […]
Banking Stocks Drive NGX to Extend Gains by +0.5%
May 23. 2023/Cordros Report EQUITIES The local bourse extended yesterday’s gain as buying interests in a few banking names – FBNH (+7.5%), STANBIC (+5.3%), and ZENITHBANK (+2.1%) – drove the NGX ASI 0.5% higher to close at 52,621.19 points. As a result, the Month-to-Date and Year-to-Date returns increased to +0.4% […]
