Author: gamladmin

The NGX All -Share Index and Market Capitalization depreciated by 0.12% to close the week at 200,913.06 and N128,969 trillion respectively. The week ended with a mixed bag of results as some indices closed lower while some others appreciated slightly.NGX Banking closed -2.47% lower, even though The Financial Services industry ( measured by Volume)led the activity chart as usual. Notably, Trading in top three equities, namely Wema Bank Plc , Access Holdings Plc and United Bank for Africa Plc ( measured by Volume) accounted for 1,448 billion shares worth N43.191 billion in 28,436 deals, t...

The Nig equity markets mostly ignored the spike in oil prices ,assuming that military action in Iran would be brief - until last week As damage to oil and gas facilities in the Middle East escalated and signs of an " off -ramp" from the war diminished, investors seemed to be struggling with the economic implications of the conflict in the intermediate term. We may be at a turming point when macro concerns re emerge in the markets, and that has important implications for investment strategy. In the last few weeks ,the non availability of gas to power electricty and the ever recurring ...

Most World Bourses plummeted this period principally because of Inflation concerns and Energy Concerns. USD is dropping as rising Energy Prices dent rates cut outlook and equally Naira traded at NFEM rate of N1,366.23/$ as Middle East Conflict sparks global volatility. Based on the recent monetary policy developments, the Central Bank of Nigeria (CBN) already cut its key interest rate (MPR) by 50 basis points to 26.5% during the meeting held on Feb 23-24 . Certainly, there is a lot of uncertainty looming over the world economies at this point in time. GENERAL DISCLOSURES. The N...