March 13, 2024/Cordros Report EQUITIES The domestic stock market sustained its bullish run as bargain hunting in MTNN (+2.3%) triggered a 0.5% gain in the benchmark index. As a result, the NGX ASI closed at 104,007.36 points, with the MTD and YTD gains increasing to 4.0% and 39.1%, respectively. The […]
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Coronation Fixed Income and Exchange Rate Update
March 13, 2024/Coronation Research Summary Opening market liquidity was reported at N2.6trn on Friday (08, March ‘24). Call, overnight, and repo rates closed within a range of 10% – 31% as rates in the money market tightened. Our expectation in the current week is that money market rates moderate as […]
Impact of India’s Export Restrictions of Rice on Global Markets
March 13, 2024/FBNQuest Research Today, we turn our attention to the most recent edition of the Food Security report published by the World Bank. Compared to the previous edition, the agricultural price index remained unchanged m/m while the export price index increased by +5% m/m. In contrast, cereal prices declined […]
