This edition of the Market Opening Gong gives a wrap-up of activities from the equities, fixed income, and unlisted securities market for Thursday,  June 16th, 2022.

From the Highlights:

1. NGX ASI depreciated by -0.69%  

2. Investors lost N196.39bn in the equities market

3. Link Assurance Plc,   were top gainers in the equities market

4. NSI Market Capitalization was N1.006trn

5. FMDQ Group Debt Market Size was N27.86trn

6. The Brent crude oil price declined by -0.60% to close at $117.8.

7. Directors of Quoted companies in Nigeria urged to embrace innovation and sustainability.

8. US Fed raises interest rate to 1.75% as it grapples with rising inflation.

9. Bank of England raised interest rate to 1.25% in June 2022, in response to UK’s surging inflation rate which is now 9%