July 11, 2024/Coronation Summary Opening market liquidity was reported at -N1.4trn on Friday (05, Jul ‘24). Call, overnight, and repo rates closed within the range of 7% – 32%, as rates in the money market tightened. Last week, the average NTB yield increased by +69bps to close at 22.8% w/w. […]
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NGXASI Trades on Flattish Note, Dragged by Banking Counters
July 10, 2024/InvestmentOne Report The NGXASI traded on a flattish note today to close at 99,802.08pts, as the selloffs on ZENITHBANK (-1.20%), GTCO (-0.88%) and UBA (-1.30%) offset the gains recorded in DANGSUGAR (+2.82%), TRANSCORP (+2.48%) and FIDELITYBK (+2.94%). In the fixed income space, the Treasury Bills secondary market exhibited a slightly […]
Nigerian Equities Trades Flat on Losses in GTCO, ZENITHBANK
July 10, 2024/Cordros Report EQUITIES The domestic equities market traded with mixed sentiments, as losses in ZENITHBANK (-1.2%) and GTCO (-0.9%) offset the gains in DANSUGAR (+2.8%) and TRANSCORP (+2.5%). As a result, the All-Share index closed flat at 99,802.08 points. Accordingly, the Month-to-Date and Year-to-Date returns settled at -0.3% and […]
