Browsing: MARKETS

Nigeria’s inflation rate moderated slightly in June, marking its first decline in three months…

Global markets mixed, with AI stocks dragging on trade, and key performance indicators

Global market swings would be undermined by a shaky peace deal between the US….

Global equities markets rally on AI and tech stock momentum following a marked shift towards risk assets on signals of easing US-Iran tensions. 

Global equities markets ease on AI, technology stock valuation concerns, and renewed Middle East escalation, which dampened investors’ appetite.

Unilever Nigeria, International Breweries and other risers drove the Nigerian Exchange (NGX) All-share index (ASI) higher by 5 basis points on Thursday.

The global markets open the new week in red following a soft Wall Street close, reflecting uncertainties in the global economy with a negative inflation outlook.

S&P Global has upgraded its long-term ratings on Nigeria to ‘B’ from ‘B-‘, citing higher oil production and prices, the large increase in domestic refining capacity, and the 2023 decision to liberalise the exchange rate.

The Nigerian Exchange (NGX) year-to-date return climbs to 62.27% on Wednesday as funds continue to rotate into risky assets, though stockbrokers spotted a slowdown in momentum.

The Nigerian Exchange (NGX) All-Share Index (ASI) declined by 58 basis points, or 0.58%, on Tuesday amid sell pressure across key sectors. Investors took profits in stocks that recently recorded significant uptrends.