Financial markets indicators rise on presidential signature to AMC

•Equities market rises 0.08%, inter-bank lending increases, inter-bank forex stable The presidential assent to the establishment of Asset Management Corporation (AMC) on Monday has generated positive reaction as capital and money markets and investors showed renewed confidence by increasing their stakes. Specifically, a major performance indicator – the All Share Index (ASI) - rose by 0.08 percent after a period of consistent decline and the inter-bank lending rates also rose. Cowry Asset ...
Read the rest of the story on Businessday Nigeria

Added July 20, 2010
from Businessday Nigeria