Manage your investments with more confidence.
Open a trading account today and kickstart your investments.
Get StartedAccording to the national bureau of statistics, Nigeria’s annual inflation rate eased slightly for the 3rd straight month to 17.75% in June of 2021, from 17.93% in May, amid a small slowdown in prices of food & non-alcoholic beverages (21.83% vs 22.28% in May) and despite an official 7.70% naira devaluation in May. On a monthly basis, consumer prices inched up 1.06%, following a 1.01% rise in the previous month. Please note that the market still awaits the MPC meeting for the month of July, scheduled to come up between 27th to 28th July, 2021, the outcome of the meeting and the above stated Headline Inflation numbers are the two key economic numbers in determining investment in the nation’s bourse. We also note that, leading fundamental in the month of August will be the half year earnings release. We are of the opinion that, the banking stocks and few other half year dividend policies should be investors target at the moment.
The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N2.847 billion, same as 1Bpts above the opening value. Meanwhile, trading activities for the day produced 22 ADVANCERS and 10 LAGERS. NSEASI Year to Date loss is now 576Bpts while the Market Capitalization Year to Date loss stood at N1.282 trillion same as 609Bpts below the year’s opening value.
See Pdf Doc for Details
Report Document