Daily financial market update 2020 FEB 13

Equities Market
· The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.05% to 27,864.84 Index Points and N14.513Tr respectively. Year-to-Date ASI is still at a positive of 3.81%.
· Number of trade and Volume of trade both decreased by 9.12% and 1.10% to 3198 and 150.725 Million while Value of trade increased by 14.21% to 2.782 Billion respectively.
· UCAP topped the gainers’ table percentage price change by 10.00%, while LAWUNION led the losers’ chart with percentage price change by -9.84%.
· Market breadth was negative with Thirteen (13) price gainers and Fifteen (15) price losers.
Foreign News
Despite $1 trillion deficits, Trump tax cuts will still ‘pay for themselves’: Mnuchin
 
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