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January 10, 2020

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Daily financial market update 2020 JAN 10

Daily Market ReportBy Samuel ObayomiJanuary 10, 2020

Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.07% to 29,415.39 Index Points and N15.175Tr respectively. Year-to-Date ASI is still at a positive of 9.59%. Number of trade, Volume of trade and Value of trade all decreased by 21.78%, 59.47% and 35.32% to 5189,…

U.S. job growth seen slowing in December after robust gains

Market NewsBy Samuel ObayomiJanuary 10, 2020

US job growth is one of the main drivers of US economy. US economy grew by 2.1% in third quarter 2019, while it grew by nearly 3% in third quarter 2018. US economy is expected to grow by 2.3% at the end of 2019 due to the low unemployment rate of 3.5% in December 2019.…

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