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…
Global Economy –Rundown: The Brexit journey that began with the 2016 referendum, where the United Kingdom decided to seek a divorce from the European Union, an economic bond that has been in existence for 48years, was terminated on the 31st January 2020, despite the divorce being effected, the separation was left in the balance on…
Global Economy –Rundown: According to the International Monetary Fund recent publication, where it addresses concerns about the inconstancy of capital flows in the global ecosystem that was induced by the pandemic, whose ripple effect has been more pronounced in emerging markets that recorded huge cash outflow, where the halt of portfolio flows have translated to…
The Equity Market sustained its bullish rally, as ASI & Market capitalization both inched up by 1.74% to close at 37,443.40points and N19,570.15tr respectively. Year-to-Date ASI increased to 39.50%. Volume and No. of trades all inched higher by 0.17%, and 22.42%. Values of trades declined by 24.10% BOCGAS topped the gainers’ table with a percentage…
Global Economy –Rundown: Federal Reserve’s sustained its position in attaining price stability and full employment in propelling the United State economy through the challenging time, while it acknowledges that the pandemic still weighs on economic activity, employment, and inflation that poses a medium-term risk to the economy. The Fed resolve to retain the accommodative stand…
Equities Market The Equity Market upward trend was sustained, as ASI & Market capitalization both inched up by 2.10% to close at 36,239.62points and N18,940.98tr respectively. Year-to-Date ASI increased to 35.01%. Volume, and No. of trades both ebbed by 47.18% & 1.47%, While Value of trade increased by 90.21%. AIRTEL topped the gainers’ table…
Equities Market The Equity Market positive run continued, as ASI & Market capitalization both inched up by 0.76% to close at 35,493.15 points and N18,550.80tr respectively. Year-to-Date ASI increased to 32.23%. Value, and No. of trades both ebbed by 22.40% & 9.19%, While Volume of trade increased by 146.19%. MANSARD topped the gainers’ table with…
Equities Market The Equity Market continued with a southward movement, as ASI & Market capitalization both dipped by 0.04% to close at 35,021.26 points and N18,304.23tr respectively. Year-to-Date ASI ebbed to 30.47%. Volume and No. of trades both dipped by 8.00% and 14.47%, While Value of trade appreciated by 4.46% respectively. FTNCOCOA topped the gainers’…
The Equity Market continued with a southward movement, as ASI & Market capitalization both dipped by 0.09% to close at 35,033.74 points and N18,310.75tr respectively. Year-to-Date ASI ebbed to 30.52%. Value and No. of trades inched higher 2.57% and 9.71%, While Volume of trade dipped by 5.12% respectively. FTNCOCOA topped the gainers’ table with a…
Global Economy –Rundown: According to the recent Chinese November Purchasing Managers Index Readings that indicated industrial activities have snapped back to pre-pandemic activity levels, given that the current month readings is the highest in the last three years, as the official Manufacturing Purchasing Managers’ Index for the month was 52.1 index point as against prior…
