Daily financial market update 2020 FEB 21

Equities Market
· The Nigerian Equity Bourse recorded a downward swing, as NSE ASI and Market capitalization both decreased by 0.65% to 27,388.62 Index Points and N14.268 Tr respectively. Year-to-Date ASI is still at a positive of 2.04%.
· Number of trade and Value of trade both increased by 5.64% and 54.68% to 4423 and 5.552 Billion while Volume of trade decreased by 13.14% to 421.276 Million respectively.
· JAIZBANK topped the gainers’ table percentage price change by 9.52%, while SKYAVN led the losers’ chart with percentage price change by -9.97%.
· Market breadth was negative with Fourteen (14) price gainers and Twenty (20) price losers.

Foreign News
Fed’s Bostic: No need to ‘do anything’ with current policy stance
 
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