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December 16, 2019

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Daily financial market update 2019 DEC 16

Daily Market ReportBy Samuel ObayomiDecember 16, 2019

Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.60% to 26,695.18 IndexPoints and N12.884 Tr respectively. Year-to-Date ASI is still at a Negative of 07%. Volume and Value of trade both increased by 9.77% and 43.21% to 170.524 Million Volume of trade and N2.051…

FX turnover drops for a second consecutive month in November

Market NewsBy Samuel ObayomiDecember 16, 2019

US – CHINA trade talks & BREXIT are one of the main drivers of foreign exchange (FOREX) market. The volume of FOREX traded daily declined by 4.2% in November 2019 to $1.61 trillion from $1.68 trillion as at November 2019 while declining by 10% when compared with October 2019. FOREX volumes have been rising in…

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