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…
Global Economy –Rundown: The United State Federal Reserve’s reaffirm its commitment towards offering continuous monetary support to the economy until full recovery is attained, as the U.S. economy remained submerged with the economic woes of the pandemic outbreak. The Fed signaled its intention to remain dovish with its Monetary stand all through to at least…
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…