ABBEYBANK 7.05 0.00%ABCTRANS 6.05 0.00%ACADEMY 5.10 0.00%ACCESSCORP 30.00 -0.99% ▼AFRIPRUD 10.60 0.00%AIICO 4.09 -0.24% ▼AIRTELAFRI 6,300.00 0.00%ARADEL 1,530.00 0.00%AUSTINLAZ 2.22 0.00%AVACAP 5.65 2.73% ▲BERGER 147.60 0.00%BETAGLAS 511.50 0.00%BUACEMENT 297.00 0.00%BUAFOODS 760.60 0.00%CADBURY 59.70 2.93% ▲CAP 100.00 0.00%CAVERTON 3.90 -2.50% ▼CHAMPION 10.95 9.50% ▲CHAMS 3.60 0.00%CHELLARAM 9.70 0.00%CILEASING 5.35 0.00%CMFC 4.01 9.86% ▲CNIF 154.30 0.00%CONHALLPLC 7.03 0.00%CONOIL 210.00 0.00%CORNERST 4.90 0.00%CUSTODIAN 70.00 0.00%CUTIX 2.44 2.09% ▲CWG 19.25 0.00%DAARCOMM 1.45 0.00%DANGCEM 1,066.70 0.00%DANGSUGAR 68.50 -2.14% ▼ELLAHLAKES 7.90 -2.47% ▼ETERNA 46.00 0.00%ETI 67.00 -1.47% ▼ETRANZACT 11.00 0.00%EUNISELL 189.00 0.00%FCMB 11.00 -0.90% ▼FIDELITYBK 24.20 0.00%FIDSON 82.00 0.00%FIRSTHOLDCO 142.50 0.00%FTGINSURE 1.79 -0.56% ▼FTNCOCOA 8.22 0.00%GEREGU 825.70 0.00%GTCO 131.50 -0.75% ▼GUINEAINS 0.78 6.85% ▲GUINNESS 384.80 0.00%HBMNG 355.00 0.00%HMCALL 3.41 0.00%HONYFLOUR 17.00 -0.29% ▼IKEJAHOTEL 44.50 0.00%IMG 28.00 0.00%INFINITY 11.25 0.00%INTBREW 9.85 0.00%INTENEGINS 2.20 -0.90% ▼JAIZBANK 8.05 -1.23% ▼JAPAULGOLD 2.61 -3.33% ▼JBERGER 310.80 0.00%JOHNHOLT 8.75 0.00%JULI 6.55 0.00%LASACO 1.80 0.56% ▲LEARNAFRCA 8.40 0.00%LEGENDINT 3.65 0.00%LINKASSURE 1.65 -0.60% ▼LIVESTOCK 11.00 2.80% ▲LIVINGTRUST 3.20 -7.25% ▼MANSARD 11.05 0.00%MAYBAKER 39.20 0.00%MBENEFIT 3.10 -1.59% ▼MCNICHOLS 4.90 -2.97% ▼MECURE 56.20 0.00%MEYER 15.95 0.00%MTNN 848.00 0.12% ▲MULTITREX 0.39 8.33% ▲MULTIVERSE 19.20 0.00%NAHCO 150.00 0.00%NASCON 188.90 0.00%NB 74.00 0.00%NCR 161.20 0.00%NEIMETH 7.25 -4.61% ▼NEM 28.70 0.00%NESTLE 2,750.00 0.00%NGXGROUP 166.90 0.00%NIDF 147.70 0.00%NNFM 79.40 0.00%NPFMCRFBK 4.60 0.00%NREIT 113.00 0.00%NSLTECH 0.73 4.29% ▲OANDO 33.00 -3.23% ▼OKOMUOIL 1,276.20 0.00%OMATEK 1.41 2.17% ▲PREMPAINTS 30.40 0.00%PRESCO 2,045.30 0.00%PRESTIGE 1.36 0.00%PZ 69.00 -1.00% ▼REDSTAREX 14.85 0.00%REGALINS 0.74 2.78% ▲ROYALEX 1.08 8.00% ▲RTBRISCOE 10.00 2.04% ▲SCOA 33.05 0.00%SEPLAT 16,000.10 0.00%SKYAVN 171.20 0.00%SOVRENINS 2.31 -7.60% ▼STANBIC 163.90 1.11% ▲SUNUASSUR 3.25 -1.52% ▼TANTALIZER 3.85 -1.53% ▼THOMASWY 2.41 -9.74% ▼TIP 25.60 -1.92% ▼TOTAL 518.40 0.00%TRANSCOHOT 290.50 0.00%TRANSCORP 36.50 -2.67% ▼TRANSEXPR 2.97 0.00%TRANSPOWER 178.00 0.00%TRIPPLEG 3.09 9.96% ▲UACN 181.00 0.00%UBA 44.50 -1.22% ▼UCAP 17.20 1.78% ▲UNILEVER 100.00 0.70% ▲UNIONDICON 23.75 0.00%UPDC 4.25 -1.16% ▼UPL 5.15 0.00%VERITASKAP 1.08 -4.42% ▼VFDGROUP 13.50 1.50% ▲VITAFOAM 194.00 0.00%WAPIC 2.60 9.24% ▲WEMABANK 30.55 -3.02% ▼ZENITHBANK 135.80 0.22% ▲ZICHIS 17.05 0.00%

March 16, 2020

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Daily financial market update 2020 MAR 16

Daily Market ReportBy Samuel Obayomi March 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 Obayomi March 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