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.…
FINANCIAL MARKETS TODAY –05 December 2023
FIXED INCOME MARKETS Money Market Opening system liquidity improved by c. 112.07% from ₦201.08 billion to ₦426.43 billion today. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 6bps and 21bps to 15.55%, and 16.00%,…
FINANCIAL MARKETS TODAY –04 December 2023
FIXED INCOME MARKETS Money Market Opening system liquidity slipped by ₦203.01 billion from ₦404.09 billion on Friday to ₦201.08 billion today. Nonetheless, both the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 14bps and 11bps to 15.61%,…
FINANCIAL MARKETS WEEKLY – 01 December 2023
FIXED INCOME MARKETS Money Markets System liquidity was majorly positive this week, improving from last week’s negative position of ₦186.43 billion short to ₦404.09 billion long, bolstered by FAAC credits. As a result, the Open Repo Rate (OPR) and…
FINANCIAL MARKETS TODAY –30 November 2023
FIXED INCOME MARKETS Money Market The money market concluded the month on a positive note, with the opening system liquidity showing a notable increase, reaching c.₦346.60 billion compared to yesterday’s opening value of -₦6.59 billion. Consequently,…
FINANCIAL MARKETS TODAY –29 November 2023
FIXED INCOME MARKETS Money Market Today, system liquidity experienced a decline, moving into negative territory with an opening figure of c.-₦6.59 billion. This marks a substantial decrease of c.104% compared to the previous day’s opening liquidity…
FINANCIAL MARKETS TODAY –28 November 2023
FIXED INCOME MARKETS Money Market System liquidity opened c.₦173.77 billion positive, an improvement from yesterday’s opening position of ₦106.89 billion. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) witnessed downward adjustments,…
