March 7, 2024/Cordros Report EQUITIES The bulls continued to dominate in the domestic bourse, as bargain hunting in MTNN (+10.0%) drove the benchmark index 0.8% higher. Consequently, the NGX ASI settled at 100,335.30 points. Thus, the Month-to-Date and Year-to-Date returns increased to +0.4% and +34.2%, respectively. The total volume traded […]
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Red Sea Attacks Disrupt Global Trade
(Credit: Pilesasmiles/iStock by Getty Images) March 7, 2024/IMFBlog By Parisa Kamali, Robin Koepke, Alessandra Sozzi, and Jasper Verschuur In the past few months, global trade has been held back by disruptions at two critical shipping routes. Attacks on vessels in the Red Sea area reduced traffic through the Suez Canal, the shortest […]
NGXASI Gains +0.75%, Driven by Bellwether Counters
March 7, 2024/InvestmentOne Report The NGXASI advanced by 0.75% today to close at 100,335.30pts, as the buy-interest in MTNN (+10.00%), DANGSUGAR (+10.00%) and OANDO (+9.09%) drove the market into the green zone. In the Fixed income space, the Treasury Bills secondary market closed bearish, as there were significant selloffs observed across all […]
