Report

Breakfast Report - 20 June 2022

  • According to the National Bureau of Statistics, headline inflation rose to a 10-month high of 17.71% y/y. This uptick was driven by low fuel supply during the long holiday season amid high distribution costs, which resulted in fuel scarcity in some Northern states. Food inflation rose to 19.50%, as high freight charges stoked food prices. Going forward, inflation could remain elevated, as incidences of fuel scarcity re-occur.
  • Equity: With continued selloffs amid bearish sentiment in the market, we expect to see mixed trading sessions this week as investors continue to trade cautiously.
  • Fixed Income: This week, we expect the bond market to trade on a tepid note ahead of the bond auction today. Meanwhile, the T-bills market should trade in line with the level of system liquidity.
Provider
Vetiva Capital Management
Vetiva Capital Management

​Vetiva provides clients with independent and unbiased access to analysis and opinion. We keep our clients on the cutting edge of market information and provide up to date market intelligence on quoted companies. Our services allow brokers, investment firms, and asset managers focus their energies on developing investment strategies and client relationships.

Analysts
Vetiva Research

Other Reports from Vetiva Capital Management

ResearchPool Subscriptions

Get the most out of your insights

Get in touch