Are the Odds in Favour of the December Effect?
Following the CBN’s mandate to restrict Open Market Operations (OMO) auctions to Foreign Portfolio Investors (FPI) and Deposit Money Banks (DMB), the equities market witnessed renewed investors’ interest. This led to four consecutive weeks of gains in November, with some counters hitting record-highs. In this report, we analyzed the December Effect vis-a-vis recent profit taking activities on the equities market’s performance
The November 2019 Inflation report by the National Bureau of Statistics (NBS) is expected to be released on the 15th of December 2019. We envisage an uptick in the headline inflation rate to 11.88%, from 11.61% reported in October 2019. Kindly find attached the full report.