Weekly Commentary and Stock Recommendation: 9th October – 13th October 2023
Global Economy In China, according to China’s Bureau of Statistics, the consumer price index (CPI) was flat YoY in September 2023 (vs. 0.1% YoY in August 2023), while it inched upward by 0.2% MoM in September 2023 (vs. 0.1% MoM in August 2023). The Statistics Bureau attributed the flatlining on a YoY basis to base […]
Daily Market Update | 13-10-2023
Daily Market Update (Equities) The Nigerian Equities market closed the week positively as its benchmark index rose by 0.10% to 67,200.69 points. As a result, its year-to-date (YtD) returns increased to 31.12% (vs. Yesterday’s YtD: 30.99%). The gains recorded in DANGSUGAR, NASCON and ACCESSCORP offset the losses incurred in Transnational Corp, FBNH and SFH. The […]
CBN’s Commitment to Boosting FX Liquidity amid FX Supply Issues
Yesterday, the Central Bank of Nigeria (CBN) issued a circular reaffirming its dedication to enhancing foreign exchange (FX) liquidity and addressing the recent FX challenges in the market. The bank’s plan encompasses six (6) key points, one of which involves lifting the restrictions placed on the forty-three (43) items prohibited from accessing FX through the […]
