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December 12, 2019

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Daily financial market update 2019 DEC 12

Daily Market ReportBy Samuel ObayomiDecember 12, 2019

Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.51% to 26,569.80 IndexPoints and N12.824 Tr respectively. Year-to-Date ASI is still at a Negative of 46%. Volume and Value of trade both increased by 77.38% and 1.58% to 319.694 Million Volume of trade and N3.072…

Wall Street, Fed prep to avoid year end disruption in repo markets

Market NewsBy Samuel ObayomiDecember 12, 2019

US Benchmark overnight lending rate is one of the main drivers of Liquidity in the US short term funding market. Interest rates in the overnight repurchase agreement (repo) market increased to 10%, in September 2019 which was over four times the benchmark overnight lending rate. US has made efforts to boost liquidity in cash lending…

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