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February 6, 2020

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Daily financial market update 2020 FEB 06

Daily Market ReportBy Samuel ObayomiFebruary 6, 2020

Equities Market • The Nigerian Equity Bourse recorded an upward slide, as NSE ASI and Market capitalization both increased by 0.17% to 28,140.41 Index Points and N14.497Tr respectively. Year-to-Date ASI is still at a positive of 4.84%. • Number of trade, Volume of trade and Value of trade all decreased by 8.23%, 9.43% and 19.93%…

China to halve tariffs on some U.S. imports as virus risks grow

Market NewsBy Samuel ObayomiFebruary 6, 2020

Tariffs are the main driver of US – China trade deal. China’s finance ministry announced that additional tariffs levied on some goods will be cut to 5% from 10% while others lowered to 2.5% from 5%. The objective is to abide by the trade deal and implement it to boost market confidence, push bilateral trade…

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