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February 17, 2020

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Daily financial market update 2020 FEB 17

Daily Market ReportBy Samuel ObayomiFebruary 17, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.67% to 27,570.94 Index Points and N14.359 Tr respectively. Year-to-Date ASI is still at a positive of 2.72%. · Number of trade, Volume of trade and Value of trade all increased by 3.54%, 1.50% and…

Japan on brink of recession as economy contracts, virus heightens risk

Market NewsBy Samuel ObayomiFebruary 17, 2020

Sales tax is one of the main drivers of Japan’s Economy. Private consumption decreased by 2.9%, while capital expenditure decreased by 3.7% in fourth quarter 2019 caused by an increase in sales tax. These led to decrease in Japan’s gross domestic product (GDP) by 6.3% in fourth quarter 2019. Reuters  

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