Skip to content

Financial Market Update

Financial Market Update

The best performing sector over the month was the banking sector (+4.29%) while the worst performing sector was the oil and gas sector (-15.71%).

We expect the equity market to trade sideways in the near term in the absence of any positive catalyst however we would continue to take advantage of market opportunities to the enhance the value of the pension assets.

Fixed Income 

The fixed income market traded on a bullish note with yields declining across the curve during the month of June. The bullish sentiment was largely supported by the buoyant system liquidity and the reduction in the monetary policy rate from 13.5% to 12.5%.
We expect yields to continue on a downward trajectory largely due to the healthy demand from local investors for federal government securities.

Share on social

The financial market is at your fingertips!Start trading stocks today.
Your best interest and that of your loved ones are our priority.Trust us to secure your legacy for future generations.
Plan for retirement with a partner that cares!We make sure that your future is secured.
Your journey to creating wealth is about to begin!Let’s help you get started.