Equities Market The Equity Market sustained its positive rally, as ASI & Market capitalization both inched up marginally by 0.57%, to 42,169.41points and N22,059.29tr respectively. Year-to-Date ASI rose to 4.71%. Value and No. of trades both declined by 21.28% and 5.64%, while Volume of trade increased by 2.17% respectively. PORTPAINT topped the gainers’ table with…
Equities Market The Equity Market sustained its positive rally, as ASI & Market capitalization both inched up marginally by 0.83%, to 41,930.73points and N21,934.43tr respectively. Year-to-Date ASI rose to 4.12%. Volume, Value, and No. of trades all inched up by 16.18%, 31.55%, and 12.98% respectively. CHIPLC topped the gainers’ table with a percentage price change…
Global Economy –Rundown: The European Central Bank remained dovish, as it maintained its marginal lending rate at 0.00%, 0.25%, and -0.50%, these rates are expected to remain low until inflation is seen to have converged to a level close to, but below 2% within its projected horizon. Also, ECB seeks to continue with the Pandemic…
Global Economy –Rundown: The consumer price index for the United State for the month of December increased to 0.4%, this represents a 0.2 percentage point increase compared to the previous month inflation data. The increased inflation readings for the month are attributed to an 8.4% rise in gasoline prices that accounted for more than 60%…
Global Economy –Rundown: According to the International Monetary Fund, the Chinese economy is expected to grow by 2% for 2020, while subsequent year growth is anticipated at 8%. The Fund stressed that potential downside risk within the economy were identified as financial stability, as the country recorded an increased number of corporate Bond default and…
Global Economy –Rundown: The Brexit journey that began with the 2016 referendum, where the United Kingdom decided to seek a divorce from the European Union, an economic bond that has been in existence for 48years, was terminated on the 31st January 2020, despite the divorce being effected, the separation was left in the balance on…