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June 8, 2020

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Daily financial market update 2020 JUN 08

Daily Market ReportBy Samuel ObayomiJune 8, 2020

Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.93% to 25,250.20 Index Points and N13.17 Trillion respectively. Year-to-Date ASI is still at a negative of -5.93%. · Number of trade and Volume of trade both increased by 6.43% and 7.46% to 4621 deals…

Japan braces for worst postwar economic slump, pandemic tests policy response

Market NewsBy Samuel ObayomiJune 8, 2020

Corona virus crisis is one of the negative drivers of the Japan’s economy. Japan’s economy decreased by 2.2% in quarter one 2020. Japan’s parliament will begin deliberating a second supplementary budget to fund part of a fresh $1.1 trillion stimulus package. This should aid in recovery of Japan’s economy from recession. Reuters  

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