FINANCIAL MARKETS TODAY –14 December 2023
FIXED INCOME MARKETS Money Market Opening system fell significantly by c.225.10% to -₦183.42 billion from ₦146.62 billion recorded yesterday due to the NTB auction debit. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by…
FINANCIAL MARKETS TODAY –13 December 2023
FIXED INCOME MARKETS Money Market Opening system declined by c.14.47% to ₦146.62 billion from ₦171.43 billion recorded yesterday. Nonetheless, the Open Repo Rate (OPR) and the Overnight Rate (O/N) expanded by 145bps and 198bps to 17.19%, and 18.19%,…
FINANCIAL MARKETS TODAY –12 December 2023
FIXED INCOME MARKETS Money Market Opening system fell slightly by c.3.39% to ₦171.43 billion from ₦177.44 billion recorded yesterday. However, the Open Repo Rate (OPR) and the Overnight Rate (O/N) shed 26bps and 74bps to 15.74%, and 16.21%, respectively.…
AIICO MONEY MARKET FUND NEWSLETTER – November 2023
OVERVIEW AIICO Money Market fund is an open-ended collective investment vehicles that pools investment monies from various individuals, Corporate organizations and High Net-worth Clients (HNC) for the purpose of investing in money market securities,…
Monthly Financial Market Update – November 2023
Global Macroeconomic Review The global market witnessed some optimism in November, as the MSCI All Country World Index appreciated by 9.07% after three consecutive months of decline. Precisely, the S&P 500 (+8.92%), NASDAQ composite (+10.70%), FTSE…
FINANCIAL MARKETS TODAY –11 December 2023
FIXED INCOME MARKETS Money Market Opening system expanded by c.130.94% from ₦76.83 billion last Friday to ₦177.44 billion today. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) shed 317bps and 263bps to 16.00%, and 16.95%,…
AIICO BALANCED FUND NEWSLETTER – NOVEMBER 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 WEEKLY – 08 December 2023
FIXED INCOME MARKETS Money Markets System liquidity improved at the start of the week but declined towards the end of the week due to the NTB auction settlement. Overall, system liquidity declined by 80.99% from ₦404.09 billion to ₦76.83 billion…
FINANCIAL MARKETS TODAY –07 December 2023
FIXED INCOME MARKETS Money Market Opening system dipped by c.138.30% from ₦644.48 billion long to -₦246.85 billion today, largely ascribed to the NTB auction debit. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 399bps…
FINANCIAL MARKETS TODAY –06 December 2023
FIXED INCOME MARKETS Money Market Opening system increased by c.51.13% from ₦426.43 billion to ₦644.48 billion today. Although, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased by 66bps and 68bps to 16.21%, and 16.68%, respectively.…
