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…
Equities Market · The Equity Bourse recorded an upward swing as the NSE ASI and Market capitalization both appreciated by 0.12% to 24,306.36 Index Points and N12.679 Tr respectively. Year-to-Date ASI is still at a Negative of -9.45%. · Number of Trades, Volume of Trades and Value of Trades all decreased by -22.80%, -38.06%…
Stimulus package is one of the current drivers of Japan’s economy. Economy of Japan is expected to contract by 5.3% in 2020. Japan has executed two stimulus packages totalling $2.2 trillion. The next stimulus package is expected to be worth about 1-2% of the Japan’s gross domestic product, which should aid in recovery of Japan’s…
Equities Market · The Equity Bourse recorded an upward swing as the NSE ASI and Market capitalization both appreciated by 0.75% to 24,278.07 Index Points and N12,664.88Tr respectively. Year-to-Date ASI is still at a Negative of -9.55%. · Number of Trades decreased by -13.23% to 3,523 deals while Volume of Trades and Value of Trades…
Equities Market · The Equity Bourse recorded a downward slide as the NSE ASI and Market capitalization both depreciated by -1.27% to 24,026.05 Index Points and N12,784.78 Tr respectively. Year-to-Date ASI is still at a Negative of -10.49%. · Number of Trades, Volume of Trades and Value of Trades all increased by 5.58%, 31.44% and…
Global Economy –Rundown: A glimpse of hope towards global economic recovery was spurred on the hills of encouraging rebound from manufacturing activities emanating from the world economy powers (China & United State), as the respective economy recorded weighty growth in its manufacturing activity for the month of June. According to data released by Institute for…
Unemployment rate is a driver of the US economy. The US unemployment rate is forecast to decrease by 12.3% in June 2020 from 13.3% in May 2020. Despite two straight months of gains, employment would still be about 16.6 million jobs below its pre-pandemic level. Reuters
