Equities Market The equity market overturned previous day slide, as the NSE ASI and Market capitalization inched higher by 0.18%, to close at 24,693.73 index points and N12,881.71tr respectively. Year-to-Date ASI growth is at (8.00%). The Oil & Gas index recovered from yesterday slide, and this was able to propel the ASI upward movement. Volume,…
Equities Market The equity front dipped, as yesterday rally was not sustained, as such NSE ASI and Market capitalization decline by 0.54%, to close at 24,650.16 index points and N12,858.98tr respectively. Year-to-Date ASI growth is at (8.17%). The contraction of 5.2% in the Oil & Gas index influenced the ASI movement. Volume, Value, and No…
Equities Market Nigerian equity bourse commences the trading week on a positive note, as the NSE ASI and Market capitalization rose by 1.46%, as they both closed at 24,783.61 index points and N12,928.60tr respectively. Year-to-Date ASI growth is at (7.67%). The surge in the index was spurred by substantial gains in the Banking and industrial…
Global Economy –Rundown: The unemployment filling by Americans for the week ended 18th July rose by 1.416 million, as the aggregate unemployed claims were estimated at 31.8 million beneficiaries, as of 4th July. The increase in jobless benefit payout is related to increase cases of confirmed COVID-19 that has pressured authorities to either shut down…
The local bourse gave up its previous today’s appreciation, as the NSE ASI and Market capitalization dipped by 0.34%, as they both closed at 24,427.73 index points and N12,742.95tr respectively. Year-to-Date ASI growth is at (8.99%). The index contraction was fueled by 10% dip on SEPLAT. Volume, Value, and No. of trades all increased by…
Equities Market At the close of today’s trading session, the NSE ASI and Market capitalization inched higher by 1.40%, as they both closed at 24,512.27 points and N12,787.05tr respectively. Year-to-Date ASI growth is at (8.68%). The index was boosted by 10% appreciation recorded on DANGCEM. Volume, Value, and No. of trades all decline by 38.27%,…
Equities Market At the close of today’s trading session, the NSE ASI and Market capitalization reflected a flat change compared with previous day indictor, as they both closed at 24,173.53 points and N12,610.34 TR respectively. Year-to-Date ASI growth is at (9.94%). Volume, and No of trades both decline by 12.49%, 7.14% to 266.136, and 3,250…
MPC COMMUNIQUE HIGHLIGHTS The committee alluded to the recent IMF global economic projection; where it stated that the global economic trajectory was headed for a contraction of about 4.9% for 2020 fiscal year. Ø The committee accentuated on the inflationary pressure being witnessed mostly within the emerging markets and developing economies, a visible trend among…
Global Economy –Rundown: China’s economy recorded a rebound in the second quarter of the year, as its GDP grew by 3.2% for the period, as against first quarter GDP contraction of 6.8%, this was attained based on lockdown easing, stimulus enhancement through fiscal spending and, cutting of lending rates and, lowering of banks reserves. Although…
Global Economy –Rundown: The United State Producers Price index for the month of June tanked by 0.2%, and the 12 months average of same parameters for the month revealed a 0.8% dip, which is at par with May’s 12 months average. The compressed Producers Price Index was fueled by subdued services sector weakness. Given…