MPR HIGHLIGHT-JULY, 2019
In the just concluded MPC meeting, the following were the resolution reached by the Monetary Policy Committee_ Read more
Weekly Financial Market Review
The consumer Price Index for the month of June 2019, decline to 11.22% from 11.40% recorded for the month of May, 2019, this represent a 1.58% decline, also the Food Index for the month also decline by 1.67% from 13.79% recorded in the previous month of May, 2019 to 13.56% for the current month, this was possible given the slower pace of increase in prices of consumer goods for the current period.
FCSL DAILY MARKET REPORT 06TH FEBRUARY 2019
Equities Market At the close of today’s trading session, the Nigerian equities Bourse continued with an upward trend however at a slower rate as the NSE ASI and Market capitalization both appreciated by 0.157% to 30,821.80points and N11,493.93tr respectively. Year-to-Date ASI is at a negative of 0.80%. Volume, Value of trades and No of trades…
FCSL DAILY MARKET REPORT-05TH FEBRUARY, 2019
Equities Market At the close of today’s trading session, the Nigerian equities Bourse continued on an upward trend however at a slower rate as the NSE ASI and Market capitalization both appreciated by 0.09% to 30,773.57 points and N11,475.94tr respectively. Year-to-Date ASI is at a negative of 0.95%. Volume, Value of trades and No of…
FCSL WEEKLY MARKET REPORT 18TH JANUARY, 2019
ECONOMY Consumer Price Index Rise To 11.44% Consumer price Index for the month of December, 2018 increased by 11.44% on year on year basis, which represent a 1.4% increase compared to the previous month of November, 2018 Inflation index of 11.28%, while monthly inflation index reflect, an appreciation of 0.74% when compared to November, 2018…
FCSL DAILY PRICE LIST 15TH JANUARY, 2019
Equities Market At the close of today’s trading session, the Nigerian equities Bourse Inched higher by 0.58% as measured by NSE ASI and Market capitalization, as they both closed at 30,137.53 points and N11,238.56tr respectively. Year-to-Date ASI is at a negative of 3.00%. Volume, Value of trades and No of trades all increased by 126.67%,…
ECB's Nowotny Urges Caution on Rate Increases as Growth Slows
The European Central Bank will need to move cautiously when it eventually starts raising interest rates, according to Governing Council member Ewald Nowotny. While the ECB’s guidance suggests rates could rise after the summer, investors don’t see a hike until 2020 because of the slowing economy. Asked in an interview with Der Standard newspaper whether…
China's $300 Billion Tax Cut Is Key Growth Stabilizer: JPMorgan
China’s government is turning increasingly to tax cuts as the first line of defense against a slowing economy, in a departure from the wasteful infrastructure binges of the past. Further evidence of the shift emerged Tuesday, as senior policy officials pledged that tax reductions on a “larger scale” are in the pipeline, amid worsening economic…
FCSL DAILY MARKET REPORT 14TH JANUARY, 2019
Equities Market At the close of today’s trading session, which was extended by one hour due to the earlier technology glitch, the Nigerian equities Bourse Inched higher by 0.45% as measured by NSE ASI and Market capitalization, as they both closed at 29,964.79 points and N11,174.14tr respectively. Year-to-Date ASI is at a negative of 3.56%.…
FCSL WEEKLY MARKET REPORT -11TH JANUARY, 2019
ECOMOMY Value Added Tax (Q2 & Q3 2018) recorded 9.16% Year on Year Growth: Given the Sectoral Value Added Tax Distribution report for Q2 & Q3, 2018, which indicated a quarter on quarter growth of 2.54%, from N266.73BN to N273.50bn, Year on Year Growth was 9.16%. The sectorial performance are as follows: Manufacturing Sectors was…