November 27, 2024/Cordros Report EQUITIES The bears resurfaced in the domestic equities market as profit-taking activities in ARADEL (10.0%), NB (-5.3%) and FIDELITYBK (-1.6%) triggered a 0.4% decrease in the All-Share Index to 97,296.57 points. As a result, the Month-to-Date and Year-to-Date returns printed -0.4% and +30.1%, respectively. The total […]
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NGXASI Dips -0.35%, Dragged by FIDELITYBANK, WEMABANK
November 27, 2024/InvestmentOne Report The NGXASI declined by 0.35% today to close at 97,296.57pts, as the sell pressure observed in NB (-5.26%), FIDELITYBK (-1.60%) and WEMABANK (-2.79%) pushed the local equities market into the negative terrain. In the fixed income space, the Treasury Bills secondary market traded on a bearish note as […]
MPC Decision – November 2024
November 26, 2024/Coronation Research MPC Decision Monetary Policy Rate hiked by +25bps to 27.50% from 27.25%. Asymmetric corridor around the MPR retained at +500bps /-100bps. Cash Reserve Ratio for Deposit Money Banks retained at 50.00%. CRR for Merchant Banks retained at 16.00%. Liquidity ratio retained at 30.00%. The Monetary Policy […]
