Weekly Commentary and Stock Recommendation: 26th February – 1st March 2024
Global Economy Japan’s core consumer inflation decreased for a third consecutive month in January 2024, reaching 2.00% YoY, ahead of market estimates but remaining in line with the central bank’s 2% target, according to Japanese e-Stat earlier this week. The emergence of wage-driven inflation factors outweighing cost-push drivers of prices would further boost anticipation of […]
Daily Market Update | 1-03-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed negative, falling by 1.23% to 98,751.98 points. This pushed market’s year-to-date (YtD) returns down to 32.07% (vs. Yesterday: 33.71% YtD). Total volume traded (-30.92% to 367.62mn units) and total value traded (-20.38% to NGN6.78bn) closed lower. ACCESSCORP noted the highest trade in terms of volume […]
News Update | CBN Holds a Foreign Portfolio Investment Call
CBN Holds a Foreign Portfolio Investment (FPI) Call Yesterday, the Central Bank of Nigeria (CBN) hosted a Foreign Portfolio Investor (FPI) call, and notable points pertaining to monetary policy focus in attracting increased foreign investment and promoting a conducive investment landscape were discussed. These talking points are summarized below: The CBN confirmed plans to increase […]
