The Equity Market retracted from the previous trading day plunge, as ASI & Market capitalization both inched up by 0.33% to 40,571.67points and N21,224.86tr respectively. Year-to-Date ASI firmed up to 0.75% Volume, Value, and No. of trades all declined by 47.47%, 58.30%, and 19.85% respectively. SEPLAT topped the gainers’ table with a percentage price change…
Global Economy –Rundown: The United Kingdom economy felt the severe brunt of the pandemic, as the economic output contracted by magnitude last experienced after the second world war, the economy plunged by 9.9% in the year 2020, while the Gross Domestic Product for the fourth quarter grew by 1.0%. However, the recent lockdown measure implemented…
Global Economy –Rundown: The United State trade deficit for the year 2020 grew, according to the recent data from the United State Commerce Department reveals that trade deficit surged by 17.7% to $678.7billion, as export of goods and services for the year contracted by 15.7%, while import of goods and services only dipped by 9.5%…
Equities Market The Equity Market sustained its downward slide, as ASI & Market capitalization both declined by 0.10%, to 42,000.01points and N21,970.62tr respectively. Year-to-Date ASI ebbed to 4.29%. Volume and No. of trades both decline by 10.34%, and 17.24%, While the Value of trade inched up by 10.86%. NCR topped the gainers’ table with a…
Global Economy –Rundown: The United State Gross domestic product for the fourth quarter grew by 4%, while on an annualized basis, the United State economy contracted by 3.5% for 2020, however, the country’s economy for the fourth quarter was driven by the boost from export, nonresidential fixed investment, consumer spending, residential investment, and inventories. Further…
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…
