FINANCIAL MARKETS TODAY –12 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity worsened to ₦131.46 billion short, compared with ₦125.04 billion short, recorded yesterday. As a result, the Open Repo Rate (OPR) increased by 189bps to 20.00%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY –11 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity settled at ₦125.04 billion short, compared with ₦73.44 billion short, recorded last Friday. As a result, the Open Repo Rate (OPR) increased by 228bps to 20.11%, while the Overnight Rate (O/N)…
FINANCIAL MARKETS TODAY –07 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity settled at ₦165.09 billion, compared with ₦282.20 billion, recorded yesterday. As a result, the Open Repo Rate (OPR) increased by 93bps to 4.00%, while the Overnight Rate (O/N) expanded by 113bps…
FINANCIAL MARKETS TODAY –06 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity settled at ₦282.20 billion, compared with ₦227.13 billion, recorded yesterday. Nevertheless, the Open Repo Rate (OPR) increased by 27bps to 3.07%, while the Overnight Rate (O/N) expanded by…
FINANCIAL MARKETS TODAY –05 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity settled at ₦227.13 billion, compared with ₦222.31 billion, recorded yesterday. Nonetheless, the Open Repo Rate (OPR) increased by 122bps to 2.80%, while the Overnight Rate (O/N) expanded by 15bps…
FINANCIAL MARKETS WEEKLY – 20 October 2023
FIXED INCOME MARKETS Money Markets System liquidity fluctuated between ₦245 billion and ₦600 billion this week, supported by coupon inflows from the 2037 paper but decreased due to the bond auction settlement. As a result, liquidity dropped by 45.07%…
FINANCIAL MARKETS TODAY –04 September 2023
FIXED INCOME MARKETS Money Market Opening system liquidity settled at ₦222.31 billion, compared with ₦353.60 billion, recorded last Friday. Thus, the Open Repo Rate (OPR) increased by 9bps to 1.58%, while the Overnight Rate (O/N) expanded by 17bps to…
FINANCIAL MARKETS TODAY –31 August 2023
FIXED INCOME MARKETS Money Market Opening system liquidity fell to ₦268.61 billion, compared with ₦640.08 billion, recorded yesterday. This was due to the LDR shortfall statutory debits and CBN’s FX intervention, As a result, the Open Repo Rate…
FINANCIAL MARKETS TODAY –30 August 2023
FIXED INCOME MARKETS Money Market Opening system liquidity improved to ₦640.08 billion, compared with ₦339.72 billion, recorded yesterday. As a result, the Open Repo Rate (OPR) increased by 8bps to 2.58%, while the Overnight Rate (O/N) declined by 10bps…
AIICO BALANCED FUND NEWSLETTER – SEPTEMBER 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…
