05 June ( Lagos)
NTBs & money market
Opening market liquidity on Monday was N419bn (positive). Interbank rates closed within a range of 3% to 8%. On the NTB secondary market, yields picked up for most maturities
FGN bonds & Eurobonds
The FGN bond market was relatively quiet. There was an uptick in yields across traded maturities. As for the Eurobond market, yields narrowed for all sovereigns under our coverage.
The CBN’s daily fx intervention was again US$0.5m, at N305.50. Additionally, there was a wholesale fx SMIS. Turnover at the NAFEX more than doubled from US$243m on Friday to US$592m. Indicative rates ranged from N320 to N363. The USD slid during Monday’s trading after record highs last week.
Oil prices fell on the back of record US production (of 10.47 mbpd average in March). US oil rig count data from Baker Hughes increased last week to levels not seen since March 2015. Meanwhile, OPEC, driven by Saudi and its Gulf allies, may decide to boost output at its upcoming June 22 meeting.
Source: Analysts from FBNQuest Capital Limited
Top Stocks creating buzz on easykobo
Finance message boards
BullishAIICO INSURANCE PLC.PRESTIGE ASSURANCE PLC.NESTLE NIGERIA PLC
BearishAFROMEDIA PLCLAFARGE AFRICA PLCFLOUR MILLS NIGERIA PLC
Frequently Asked Questions (FAQ)
WELCOME TO EASYKOBO!
EasyKobo.com was created in the middle of the financial crisis that devastated the Nigerian capital
markets in the past 3 years. We saw people losing most of their money invested in company stocks.
Easykobo was created to provide a fresh approach to investing in the Nigeria capital markets where
accurate and up to date information is freely made available to investors so they do not blindly
invest in companies and lose their money.
Copyright © 2015-2016 EasyKobo.com by Naija infotech & solar energy ltd. All rights reserved.