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March 16, 2020

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Daily financial market update 2020 MAR 16

Daily Market ReportBy Samuel ObayomiMarch 16, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.12% to 22,705.19 Index Points and N11.832 Tr respectively. Year-to-Date ASI is Still at a negative of -15.41%. · Volume of trade and Value of trade both decreased by 24.78% and 43.66% to 551.483 Million…

Global central banks take sweeping action to fight Coronavirus

Market NewsBy Samuel ObayomiMarch 16, 2020

Monetary policy is one of the drivers of US economy. The US Federal reserve reduced short-term rates to a target range of 0% to 0.25%, and announcing at least $700 billion in Treasuries and mortgage-backed securities purchases in coming weeks. These should ease Coronavirus tension, but could lead to recession. Reuters

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