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…
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…
