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June 15, 2020

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Daily financial market update 2020 JUN 15

Daily Market ReportBy Samuel ObayomiJune 15, 2020

Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.90% to 24,956.04 Index Points and N13.02 Trillion respectively. Year-to-Date ASI is still at a negative of -7.03%.   · Number of trade increased by 23.92% to 4,808 deals while Volume of trade and Value…

China's factory output perks up but consumers stay cautious

Market NewsBy Samuel ObayomiJune 15, 2020

Factory output is one of the main drivers of China’s economy. China’s Industrial output growth increased to 4.4% in May 2020 from 3.9% in April 2020, while Retail sales decreased by 2.8% in May 2020 from 7.5% decrease in April 2020. These resulted from China’s gross domestic product decrease by 6.8% in the first quarter…

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