NGX | Nigerian Exchange - Monthly Equities Review - October 2022 : Ides of July rekindled
Q4’22 commenced with heightened recessionary angst, as intensified geopolitical risks sustained energy-induced inflationary pressures and provided fodder for increased monetary hawkishness. Nonetheless, akin to July 2022, equity investors’ sentiments were lifted by expectations for a slowdown in the pace of monetary tightening and improvement in global supply chain (aided by progress in the execution of the Russia-Ukraine grain deal).