Culled–Proshare June 8, 2017/FSDH Research We expect the May 2017 inflation rate (year-on-year) to drop to 16.13% from 17.24% recorded in the month of April 2017. The drop is expected to come mainly as a result of base effect from the increase in the pump price of Premium Motor Spirit […]
Updates
South Africa’s central bank wary of cutting rates despite recession: policymaker
June 8, 2017/Reuters By Mfuneko Toyana Cutting interest rates is not the answer to dragging South Africa’s economy out of recession because deep economic weakness and political turmoil need to be addressed first, a member of the central bank’s monetary policy committee said on Thursday. Africa’s most developed economy fell […]
Nigerian Stocks Sustain Rally on Renewed Buying Interest across Major Counters
June 8, 2017/InvestmentOne Research Please click to download the Market Report for Thursday 8th June 2017 EQUITIES: The Nigerian bourse sustained yesterday’s positive momentum with the ASI up by +0.77% on account of renewed buying interest in tickers across major sectors. The index YTD return now stands at 22.56%. Buying interest […]
