The Week Ahead: MPC outcome to shape stock trading pattern

MPC outcome to shape stock trading patter

The Week Ahead: MPC outcome to shape stock trading pattern     Going into a new week after massive losses in the Nigerian stock market last week, analysts have said the ahead will be determined by the outcome of the highly anticipated Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria. Meanwhile, the Central Bank of Nigeria’s bi-monthly Monetary Policy Committee (MPC) meeting for the month of May 2021 is scheduled to hold on the 24th and 25th of May, 2021, and capital market analysts believed the new…

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The Argument for No Change from the MPC

Credit to private sector hits N32.2trn in Maysector recorded marginal uptick in April – CBN report

By FBNQuest Analysts The monetary policy committee (MPC) holds its latest meeting today and tomorrow. In the earlier days of the COVID-19 pandemic rate-setting bodies globally were in easing mode and eager to provide a monetary stimulus. Indeed the MPC cut its policy rate twice in 2020. The most common decision has since been ‘hold’ although a few in the EM universe such as Turkey have shifted to a tightening stance. A third rate cut would be a surprise this week, given the persistent rise in inflation for 18 successive…

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Mixed session ahead, as investors bet on MPC outcome, full-year earnings

Mixed session ahead, as investors bet on MPC outcome, full-year earnings   By Investdata Analysts   Profit taking on the Nigerian Stock Exchange continued Tuesday, in the midst of volatility and selling sentiment, as traders cashed out profit from the recent rally, amidst permutations as to options open to members of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) when they meet for the first time this year, next week. This is just as there are talks around what to expect from various sectors and companies as they…

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Banks’ Q3 Earnings, Inflation Data, MPC Outcome May Decide NGSE Slant This Week

Market Update for the Week Ended November 13 and Outlook for Nov 16-20 By Investdata Analysts The nation’s stock market last week went on fire following a surge in demand for equities after money market rates crashed lower, triggering further inflow of funds into fundamentally sound stocks that pushed the benchmark index higher on a huge traded volume and positive sentiments. This was helped by the continued crash in Treasury Bills rate to 0.30% at the midweek, despite being oversubscribed, which pushed funds into equities on Thursday making the week…

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