Over the past week, the Nigerian stock market has had a net positive run. The market fell on Tuesday, but began to recover on Wednesday, and gained consistently till Friday, when it closed at a new high for the week. The WTD, MTD, and YTD returns are great, at 0.36 %, 0.09 %, and 11.05…
The Nigerian Equities market space was bearish for the most part of the week’s trading session, with Investors dumping stocks of companies with unimpressive earnings report. Consequently, the NGX ASI and Market Cap lost 0.27% respectively. Top five market advancers for the week include SEPLAT (20.25%), LINKAGE (16%), FCMB (11.8%), COURTVILLE (11.11%) and ASSOCIATED BUS…
The Nigerian Equities market experienced a positive performance over the week as it recorded 4 bullish days in the 5-day work week. The WTD, MTD and YTD performance have been impressive, recording 0.40% 1.51% and 10.8% respectively. Top five market advancers for the week were RT BRISCOE (53.85%), NIGER INSURANCE (46.67%), E-TRANZACT (32.02%), ROYAL EXCHANGE…
The Equities market activities performance in the week under review was mixed with bearish sentiments outweighing bullish sentiments. Consequently, NGX All-Share Index and Market Capitalization depreciated by 0.13% and 0.12% respectively. Top five market advancers for the week includes RT BRISCOE (53%), LEARN AFRICA (46.67%), SCOA NIG. (32%), ACADEMY PRESS (31%) and NCR (20.91%), while…
Global Economy –Rundown: The International Monetary Fund has reechoed about the increasing rate of divergence between developed and emerging economies as the Fund estimate that about 90 million persons globally would have fallen below the extreme poverty threshold since the outbreak of the pandemic. The Fund projected that the aggregate income per capita for both…
Global Economy –Rundown: According to the United State Labour Department which revealed that the Consumer Price Index for February increased by 0.4%, as the 12 months CPI through February was 1.7%, and this is the largest increase recorded since February 2020, and the month increased index was propelled by improved prices of gasoline. Based on…
Global Economy –Rundown: The Trade deficit in the month of January for United State grew by 1.9% to $68.2 Billion, this was propelled by 1.6% growth recorded on Imported goods worth over $ 221Billion, as consumer spending surged due to the recent lockdown measures, as economic activities were disrupted for the month, this translated to…
Global Economy –Rundown: The United State consumer spending for the month of January exceeded the previous month’s growth, as it grew by 2.4% compared to the dip of 0.4% recorded in December 2020. The encouraging consumer’s data for the month was attributed to the economic relief package availed to the low-income household as well as…