Nigerian stocks close flat as inflation rises for ninth straight month

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 78%

México Noticias Noticias

México Últimas Noticias,México Titulares

The latest data by the statistics office showed the inflation figure for October at 21.1 per cent compared to 20.8 per cent one month prior.

The National Bureau of Statistics cited food supply chain disruptions, escalating energy costs and spikes in import costs resulting from currency depreciations as triggers, leaving interest rate-setters with difficult choices when the monetary policy committee meets next week.

Liquidity has been a worry for weeks, worsening further as volume shrank by 45 per cent, while turnover dropped 53 per cent. “Elevated money market rates, pre-election jitters and dwindling corporate performance will likely keep investors’ interest at bay,” they added., an indicator of investors’ sentiment towards trade, closed positive as 15 gainers emerged, relative to 13 losers. The remaining 79 stocks that traded on Tuesday recorded no price movement.

FBN Holdings was the most active stock, trading 11.4 million shares worth N124.2 million traded in 185 deals. Transcorp’s shares of 11.3 million units priced at N12.3 million exchanged hands in 62 transactions.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 3. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Nigerian economic summit, October Inflation report... 7 top business stories to track this weekHere are the seven top business news you need to track this week -- November 13 to November 18. INTERNATIONAL RAILWAY....
Fuente: thecableng - 🏆 2. / 80 Leer más »

Nigerian economic summit, October Inflation report... 7 top business stories to track this week | TheCableHere are the seven top business news you need to track this week — November 13 to November 18 INTERNATIONAL RAILWAY CONFERENCE AND EXHIBITION 2022 The international Railway Conference and
Fuente: thecableng - 🏆 2. / 80 Leer más »