Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.13% to 26,660.44 IndexPoints and N12.868 Tr respectively. Year-to-Date ASI is still at a Negative of 18%. No of trade, Volume of trade and Value of trade all increased by 24.37%, 94.64% and 133.14% to 3,358…
Energy trade is one of the main drivers of the European Union (EU) trade balance. The EU exports increased by 4.1% and imports decreased by 3.2% leading to EU trade surplus rising to 28.0 billion Euros ($30.9 billion) in October 2019 from 13.2 billion in October 2018. The EU Energy imports reduced by 7.7% between…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.60% to 26,695.18 IndexPoints and N12.884 Tr respectively. Year-to-Date ASI is still at a Negative of 07%. Volume and Value of trade both increased by 9.77% and 43.21% to 170.524 Million Volume of trade and N2.051…
US – CHINA trade talks & BREXIT are one of the main drivers of foreign exchange (FOREX) market. The volume of FOREX traded daily declined by 4.2% in November 2019 to $1.61 trillion from $1.68 trillion as at November 2019 while declining by 10% when compared with October 2019. FOREX volumes have been rising in…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.13% to 26,536.21 IndexPoints and N12.808 Tr respectively. Year-to-Date ASI is still at a Negative of 57%. Volume and Value of trade both decreased by 51.41% and 53.40% to 155.347 Million Volume of trade and N1.432…
UACN Cost Impediment a drag on Firms Profitability strive UACN is the second market player in the conglomerate sector of the NSE classification a position ascribed to the firm on the basis of its Total Asset and Equity as at 31st December, 2018 (Total Asset :Transcorp-68% & UACN-28% & Equities: Transcorp-56% & UACN -40%). Although…
US Consumer spending is one of the main drivers of US economy. US Retail sales increased by 0.2% in November 2019, Compared to November 2018, retail sales increased 3.3%. Consumer spending, which accounts for more than two-thirds of U.S. economy, grew at a 2.9% annualized rate in the 3rd quarter of 2019, while unemployment rate…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.51% to 26,569.80 IndexPoints and N12.824 Tr respectively. Year-to-Date ASI is still at a Negative of 46%. Volume and Value of trade both increased by 77.38% and 1.58% to 319.694 Million Volume of trade and N3.072…
US Benchmark overnight lending rate is one of the main drivers of Liquidity in the US short term funding market. Interest rates in the overnight repurchase agreement (repo) market increased to 10%, in September 2019 which was over four times the benchmark overnight lending rate. US has made efforts to boost liquidity in cash lending…
Equities Market The Nigerian Equity Bourse Closed in the positive territory, as NSE ASI and Market capitalization both increased by 0.19% to 26,434.00 Index Points and N12.758 Billion respectively. Year-to-Date ASI is still at a Negative of 15.90%. Value of trade, Volume of trade and No of trades all declined by 14.83%, 8.18% and 6.41%…
