September 23, 2024/CSL Research As the Central Bank of Nigeria (CBN) holds its fifth Monetary Policy Committee (MPC) meeting of the year today and tomorrow, we expect the committee to keep the Monetary Policy Rate (MPR) unchanged at 26.75%. Although inflationary pressures persist, the recent decline in inflation over the […]
Updates
United Capital Research Investment Views This Week, 23rd September to 27th September 2024
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 […]
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, […]
