Macroeconomy The country’s Consumer Price Index for the month of June remained elevated at 12.56%, while prior month CPI was 12.40%, the persistent rise in inflation have been propelled by cost pull inflation associated with logistics and structural impediments that affect agricultural products. At the held MPC meeting for the Month of July, the committee…
A 0.19% appreciation was recorded on both NSE ASI and Market capitalization to close at 24,930.04 index points and N13,005.14tr Year-to-Date ASI growth is at (7.12%). As substantial growth was recorded on SEPLAT. Volume, Value, and No. of Trade all dipped by 54.67%, 45.21%, and 5.54% to 173.748M, N2.133Bn, and 3,646 units respectively. SEPLAT topped…
Equities Market The NSE ASI and Market capitalization rose marginally by 0.16%, to close at 24,882.04 index points and N12,979.94tr respectively. Year-to-Date ASI growth is at (7.30%). The Oil &Gas and Banking indices both propel the ASI upward movement. Volume, and Value of Trade both increased by 96.35%, and, 135.46% to 303.289M, and N3.433Bn respectively,…
The equity bourse rally persisted, as the NSE ASI and Market capitalization appreciated marginally by 0.31%, to close at 24,841.94 index points and N12,959.02tr respectively. Year-to-Date ASI growth is at (7.45%). The Insurance & Banking indices both propel the ASI upward movement. Volume, and No of trade both declined by 17.17%, and, 10.51% to 154.467M,…
The equity market rally continued, as the NSE ASI and Market capitalization inched higher by 0.29%, to close at 24,766.12 index points and N12,919.47tr respectively. Year-to-Date ASI growth is at (7.73%). The Industrial & Banking sub-indices both propel the ASI upward movement. Volume, Value, and No of trade all appreciated by 83.57%, 34.50%, and, 28.30%…
Global Economy –Rundown: The United State Economy, dipped by 9.5% from the first quarter, at an annualised level of 32.9%, the second quarter economic contraction was propelled by slump that cut across business investment activities, residential investment, and household spending on services that witnessed an annualised decline of 27%, 38.7%, and 43.5% respectively. Economic data…
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…
