Updates

IOSCO Proposes Detailed Guidance for Open-Ended Fund use of Anti-Dilution Liquidity Management Tools

July 5, 2023/IOSCO The Board of the International Organization of Securities Commissions (IOSCO) today published a consultation report on Anti-dilution Liquidity Management Tools – Guidance for Effective Implementation of the Recommendations for Liquidity Risk Management for Collective Investment Schemes. The report provides detailed guidance to support greater and more consistent […]

H2-23 Outlook: Veering from the Watershed Point-Domestic Macroeconomic Review & Outlook

July 5, 2023/Cordros Report Domestic economic activities were in a lull in Q1-23, primarily driven by the impact of the CBN’s naira redesign drive amid existing challenges, such as increased production costs exacerbated by high energy prices and elevated borrowing costs. However, the transition phase ushered in by the general […]

Intraday Update: NGXASI Rise +1.20% Driven by Bellwether Counters

July 5, 2023/InvestmentOne Update ASI as at 12.00pm: +1.20% MARKET MOVER: BUACEMENT (+9.44%) Top Gainers and Losers: LEARNAFRCA (+9.97%), OMATEK (+9.52%), LASACO (-10.00%) and MBENEFIT (-10.00%). Sector Performances: Banking (+5.26%), Industrial (+3.69%), Oil and Gas (-0.50%) and Consumer Goods. Market activity: In today’s trade, total volume and value decreased by 33% […]