November 24, 2023/Coronation Report The national accounts for Q3 ‘23 by the National Bureau of Statistics (NBS) show that GDP grew by +2.54% y/y compared with the +2.51% y/y recorded in Q2 ’23. The sluggish growth reflects current economic headwinds as well as the residual impact of the PMS subsidy […]
Updates
Intraday Update: NGXASI Gains +0.08% Driven by Bellwether Counters
November 24, 2023/InvestmentOne Update ASI as at 12.00pm: +0.08% Top Gainers and Losers: NSLTECH (+10.00%), VERITASKAP (+10.00%), CWG (-9.77%) and OMATEK (-8.08%). Sector Performances: Banking (+0.97%), Consumer Goods (-0.15%), Industrial and Oil & Gas. Market activity: In today’s trade, total volume and value decreased by 22% and 16% respectively, when compared […]
Coronation Fixed Income and Exchange Rate (CFEX) Update
November 23, 2023/Coronation Research Summary Opening market liquidity was reported at N68.7bn on Friday (17 November ‘23). Call, overnight, and repo rates closed within a range of 4% – 23% as rates in the money market tightened. Our expectation in the current week is that money market rates moderate slightly […]
