AIICO BALANCED FUND NEWSLETTER – DECEMBER 2023
OVERVIEW AIICO Balanced Fund is an open-ended mutual fund, investing in Fixed income instruments, Money market instruments and both Quoted and Unquoted equities. INVESTMENT OBJECTIVE The investment objective of the Fund is to create medium to long term…
FINANCIAL MARKETS TODAY –25 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity stayed short at ₦234.71 billion short, from the previous day’s ₦29.82 billion deficit. Consequently, the Open Repo Rate increased by 184bps to 20.64%, and the Overnight Rate soared by 180bps to…
FINANCIAL MARKETS TODAY –24 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity retained its negative standing at ₦29.82 billion short, down from the previous day’s ₦338.34 billion deficit. Consequently, positive movements were observed in the rates, with the Open Repo Rate…
FINANCIAL MARKETS TODAY –23 January 2024
FIXED INCOME MARKETS Money Market System liquidity started the day with a shortfall of ₦338.34 billion, an increase from the previous day’s deficit of c.₦131.62 billion. Despite the heightened liquidity challenge, both the Open Repo Rate (OPR) and…
FINANCIAL MARKETS TODAY –22 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity stayed negative today at -₦131.62 billion, from -c.₦527.96 billion recorded last Friday. Nevertheless, the Open Repo Rate (OPR) and Overnight Rate (O/N) declined by 215bps to 19.95% and 225bps to…
FINANCIAL MARKETS WEEKLY – 19 January 2024
FIXED INCOME MARKETS Money Markets This week, system liquidity declined, primarily attributed to OMO bills auction debit. Liquidity dropped from c.₦186.43 billion last Friday to -₦527.96 billion today. As a result, the Open Repo Rate (OPR) and Overnight…
FINANCIAL MARKETS TODAY –18 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity improved today to a positive balance at ₦44.52 billion long, compared with -c.₦24.78 billion recorded yesterday. Nevertheless, the Open Repo Rate (OPR) and Overnight Rate (O/N) increased by 53bps…
FINANCIAL MARKETS TODAY –17 January 2024
FIXED INCOME MARKETS Money Market System liquidity slipped into the negative territory as it opened at -₦24.78 billion, compared with c.₦206.85 billion recorded yesterday. Consequently, the Open Repo Rate (OPR) and Overnight Rate (O/N) expanded by 227bps…
FINANCIAL MARKETS TODAY –16 January 2024
FIXED INCOME MARKETS Money Market Opening system liquidity fell short at -₦93.15 billion, from ₦229.82 billion recorded yesterday. However, the Open Repo Rate (OPR) and Overnight Rate (O/N) declined by 518bps to 16.40% and 450bps to 17.25%, respectively.…
FINANCIAL MARKETS TODAY –15 January 2024
FIXED INCOME MARKETS Money Market System liquidity opened relatively higher at ₦229.82 billion, increasing by 23.27% from ₦186.43 billion recorded last Friday. Although, the Open Repo Rate (OPR) and Overnight Rate (O/N) expanded by 500bps to 21.58% and…
