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January 29, 2020

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Daily financial market update 2020 JAN 29

Daily Market ReportBy Samuel ObayomiJanuary 29, 2020

Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.91% to 29,110.90 Index Points and N13.227Tr respectively. Year-to-Date ASI is still at a positive of 8.45%. Number of trade, Volume of trade and Value of trade all decreased by 22.03%, 3.26% and 4.91% to 3556,…

Fed likely to keep interest rates on hold, focus on balance sheet

Market NewsBy Samuel ObayomiJanuary 29, 2020

US Benchmark interest rate is one of the main drivers of US economy. US federal reserve kept its target policy rate in the range of 1.50% and 1.75% while maintain economic growth expectations at about 2%. These led to continued growth of the US economy. Reuters  

Daily financial market update 2020 JAN 28

Daily Market ReportBy Samuel ObayomiJanuary 29, 2020

Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.59% to 29,378.63 Index Points and N15.133Tr respectively. Year-to-Date ASI is still at a positive of 9.45%. Number of trade and Value of trade both increased by 5.92% and 44.18% to 4561 and N4.829 Billion respectively…

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