March 26, 2024/Cordros Report In line with our expectations, the Monetary Policy Committee (MPC) again voted to raise the Monetary Policy Rate (MPR) by 200bps to 24.75% in March. We highlight that the committee’s decision to hike the MPR further was hinged on (1) the existing inflationary pressures, (2) the […]
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Nigerian Stocks Dip -018% from Losses in ACCESS, FBNH, MTNN
March 26, 2024/InvestmentOne Report The NGXASI declined by 0.18% today to close at 103,952.47pts, as losses in the share price of MTNN (-1.70%), FBNH (-3.57%) and ACCESSCORP (-2.12%) drove the market into the red zone. In the Fixed income space, the Treasury Bills secondary market closed slightly up, as we observed tepid buy […]
NGXASI Extend Losses by -0.2%, Dragged by FBNH, MTNN
March 24, 2024/Cordros Report EQUITIES The Nigerian equities market extended yesterday’s losses following sell pressures on MTNN (-1.7%) and FBNH (-3.4%). Accordingly, the All-Share Index declined by 0.2% to 103,952.47 points, as the Month-to-Date and Year-to-Date returns moderated to +4.0% and +39.0%, respectively. The total volume of trades advanced by […]
