Weekly Commentary and Stock Recommendation: 30th October – 3rd November 2023
Global Economy Earlier this week, the US Federal Reserve (Fed) kept interest rates constant at 5.25%-5.50%. The Fed has struggled to determine whether rates may be tight enough to control inflation, or whether a resilient US economy may need still more restraint. Current inflation remains far above the Fed target rate of 2%, and annual […]
Monthly Fixed Income Market Report | October 2023
Monthly Fixed Income Market Report The FGN bond market concluded the month with a negative performance, with the average yield increasing by 88bps month-on-month (MoM) to settle at 15.33%. Similarly, the Nigerian Treasury Bills Market closed the month bearish, as average yield rose by 2.99% MoM to close at 10.93%. Overall, the secondary Fixed Income […]
Daily Market Update | 03-11-2023
Daily Market Update (Equities) The Nigerian Equities market ended today’s trading session on a positive note as its benchmark index added 0.22% to settle at 70,196.77 points. The market’s year-to-date (YtD) returns consequently increased to 36.97% from yesterday’s 36.67%. Gains in AIRTELAFRI, LAFARGE and INTBREW offset losses in BUACEM, MTNN and UBA. Today, FIDELITYBK traded […]
