08 June 2018 ( Lagos)
NTBs & money market
Opening market liquidity on Thursday was N441bn (positive). Interbank rates closed within 3% to 10% levels. At an OMO auction, the CBN raised N191bn from the sale of 112-day and 238-day paper at stop rates of 11.05% and 12.15%. On the secondary market, yields at the short end picked up.
FGN bonds & Eurobonds
The FGN bond market was fairly active, and yields showed no clear direction. As for the Eurobond market, there was an uptick in yields for all maturities.
The CBN’s daily fx intervention was again US$0.5m, at N305.45.
from US$139m on Wednesday to US$239m. Indicative rates ranged from N359 to N363.
Shipping data indicating delays in Venezuela’s oil exports resulted in an uptick in oil prices. The state owned oil firm, PDVSA, is behind on delivering supply contracts of more than 24 million barrels of crude oil. The EUR rallied to a three-week high on Thursday after comments from an ECB official indicating the likelihood of an earlier-than-expected end to the regulator’s stimulus programme.
Source: Source: Gregory Kronsten, Olubunmi Asaolu, and Chinwe Egwim 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.