The Nigerian Equities continues to witness market bearishness. The market lost for two consecutive trading days out of three trading days. However, the market picked up on the last trading day to gain 1.7% due to 10% gain from AIRTELAFRI share price. As a result, the Nigerian Equities Market grew to 22.24% YTD. Companies such…
The equities market was down by -0.26% last week. The Market closed in the bearish territory following global rise in inflation rate. Additionally, massive selloffs were also observed in most of the global Equities indices we track. Consequently, YTD the NGX ASI dropped to 21.31%. Top five market advancers for the week include JOHN HOLT…
Financial Market Commentary: The equities market was down by 2% last week. The current political climate has made investors cautious about their investment decisions. Furthermore, the hike in interest rates by the CBN has undoubtedly resulted to bearishness across the equities market. We believe strongly that the market will redirect after the major political party…
Financial Market Commentary: The Equities market maintained its positive sentiments during the week under review. The All-Share index increased by 4.25 % week on week, the largest weekly gain since December 2020, while investors’ wealth increased by N1.166 trillion. The market’s year-to-date gain increased to 24.30 %. We believe activity levels will remain low…
Financial Market Commentary: Last week, the Nigerian Equities market enjoyed four days of market bullishness. With the NGX ASI touching the forty-eight thousand levels after 2008 market crash. This further signifies an increased market activities, transparency, and liquidity. As a result, the ASI YTD growth rate rose to 12.4%. Top five market advancers for…
Been a markdown season, decline in ASI index are reasonably expected, as majority of the shares on the NGXs are trading ex-div. Consequently, persistent drop in NGX ASI and Market Cap are evident. Last week, the index and Market Cap shed off 0.45%, bringing the YTD growth to 9.3%. Top five market advancers for the…
Trading in the Equities market was relatively bearish as the ASI closed in the red territory for four trading days in the week. Uncertainty in the market, challenging economic environment and investors’ dividend taking actions could be traceable to the 0.33% drop in the NGX ASI and Market Capitalization respectively. Top five market advancers for…
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…
The recently released Q4 2021 GDP indicates that the Nigerian economy grew by 3.98% in real terms (year on -year). The growth rate translates to a sustained growth for the fifth quarter since Nigeria plunged into recession in 2020. Compared to the growth rate of 4.03% printed in Q3 2021, we saw a contraction in…
Highlight The National Bureau of Statistics (NBS) revealed the January 2022 inflation figures. The statistics and major drivers of inflation are highlighted in the following sections. After a surprise surge in December, the Core inflation rate has begun to decrease once more. The year-on-year (Y-o-Y) inflation rate in January 2022 was 15.6%, down 0.03% from…
EQUITIES MARKET The Equities Market declined as ASI and Market Cap decreased by 0.17% to 38,571.89 points and N20.186trn respectively. Total Volume, Value, and No of deals amounted to 3.19.432m units, N 1.776bn and 4,158 deals respectively. GUINNESS led the Gainers table again with a 10% gain while UAC-PROP led the Losers Chart with a…
Equities Market The Equities Market closed on a positive note as ASI and Market Cap gained ground by 0.09% to 38,636.15 points and N 20.22trn respectively. Total units of shares traded (volume) were 278.936m units, 33.59% up from the previous day’s trading. Value of trades amounted to N 2.272bn, 21.90% down from the previous trading,…
Equities Market The Equities Market recorded a negative as ASI & Market capitalization lost ground by 0.40% to 38,712.55 points and N20,260.08 trn respectively. Year-to-Date ASI fell to (3.87%). Total units of shares traded (volume) were 194m units, 20.78% up from Friday’s trading. Value of trades amounted to N1.36bn, 6.48% up from the previous trading,…
Equities Market The Equity Market has sustained a positive trend for two days in a row since last week’s downturn. ASI & Market capitalization climbed by 0.07% to 38,799.83 points and N20,300.28 trn respectively. Year-to-Date ASI marginally inched up and closed at (3.68%). Volume, Value and No of trades plummeted by 59.23%, 62.41% and 42.50%…
Equities Market The Equity Market’s performance marginally improved during this trading session. ASI & Market capitalization climbed by 0.02% to 38,774 points and N20,286.78 trn respectively. Year-to-Date ASI closed at (3.72%). Volume, Value and No of trades increased by 58.71%, 95.66% and 31.12% respectively. JAIZBANK topped the Gainers table with a 10% increase in share…
Equities Market The Equity Market continued in its downward trend as ASI & Market capitalization contracted further by 0.39% to 38,766.61, points and N20,282.91 trn respectively. Year-to-Date ASI, as well, dropped further to (3.73%). No of trades increased by 5.06% but Volume and Value contracted by 6.19% and 7.43% respectively. ETERNA topped the Gainers table…
Equities Market The Equity Market continued in its downward trend. ASI & Market capitalization declined by 0.57% to 39,045 points and N20,428.62 trn respectively. Year-to-Date ASI followed suit and dropped further to (3.04%). No of trades reduced by 9.19% but Volume increased by 3.29%. However, the overall Value of trades declined by 14.26%. WEMABANK share…
Equities Market The Equity Market took a bearish turn during today’s trading session. ASI & Market capitalization declined by 0.57% to 39,267.11 points and N20,554.76 trn respectively. Likewise, Year-to-Date ASI dropped to (2.49%). Volume, Value and No of deals plummeted. Volume and Value of trades dropped by 35.63% and 69.31% respectively, and No of deals…
Equities Market The Equity Market ASI & Market capitalization climbed upwards by 0.71% to 39,493.37 points and N20,663.14 trn respectively. Likewise, Year-to-Date ASI increased, settling at (-1.93%). The highest traded stock by volume and value was GUARANTY. Volume, Value, and No of deals all soared upwards during this trading session. Volume and Value of trades…
Equities Market The Equity Market retained its positive trend as ASI & Market capitalization marginally increased by 0.53% to 39,293.14 points and N20,558.37 trn respectively. Year-to-Date ASI climbed up to (2.43%). Volume, Value of trades and No. of trades all declined during today’s trading activity: Volume (36.61%), Values (33.69%) and No of trades (6.58%). WAPIC…
Equities Market The Equity Market regained its upward stream as ASI & Market capitalization gained ground by 0.98% to 39,085.78 points and N20,449.87 tr respectively. Year-to-Date ASI increased to (2.94%). Volume and Value of trades declined by 11.81% and 4.75% respectively; No. of trades rose by 06%. STANBIC topped the gainers’ chart with a percentage…
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…
Equities Market The Equity Market retracted from the previous day’s slide as ASI & Market capitalization both increased by 0.54% to 38,914.84 points and N20,360.44tr respectively. Year-to-Date ASI moderated to (3.37%). Volume and Values expanded by 727.76% and 118.64% respectively, but No. of trades retracted by 1.54%. ETERNA topped the gainers’ table with a percentage…
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…
Equities Market The Equity Market sustained its losing streak, as ASI & Market capitalization both dipped by 0.40% to 39,364.67 points and N20,595.79tr respectively. Year-to-Date ASI declined to (2.25%). Volume, Value, and No. of trades all grew by101,.84%, 14.39%, and 16.38%, respectively. UPL topped the gainers’ table with a percentage price change of 9.91%, while…
The Equity Market maintained its bearish sentiment, as ASI & Market capitalization both dipped by 0.37% and 0.44% to 39,552.06 points and N20,678.14tr respectively. Year-to-Date ASI declined to (1.78%). Volume, and No. of trades both grew by 9.78%, and 5.46%, respectively, while Value of trade declined by 23.41% SEPLAT topped the gainers’ table with a…
Equities Market The Equity Market nosedive at today’s trading session, as ASI & Market capitalization, both dipped by 0.59% to 39,697.62 points and N20,769.99tr respectively. Year-to-Date ASI declined to (1.42%). Volume, and No. of trades both declined by 59.08%, and 4.34%, respectively, while the Value of trade increased by 185.49% ACADEMY topped the gainers’ table…
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…
Equities Market The Equity Market rebounded, as ASI & Market capitalization both inched up by 0.03% to 40,164.86 points and N21,014.45tr respectively. Year-to-Date ASI firmed up to (0.26%). Volume, Value, and No. of trades all increased by 16.80%, 7.58% and 5.63%, respectively. LIVESTOCK topped the gainers’ table with a percentage price change of 7.14%, while…
Equities Market The Equity Market slump’s further, as ASI & Market capitalization both dipped by 0.08% to 40,154.09 points and N21,008.82tr respectively. Year-to-Date ASI declined to (0.29%) Value, and No. of trades both increased by 23.03% and 12.75%, while volume of trades declined by 5.99% respectively. UPDCREIT topped the gainers’ table with a percentage price…
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…
Equities Market The Equity Market plunges further, as ASI & Market capitalization both dipped by 0.63% to 40,212.19points and N21,036.78tr respectively. Year-to-Date ASI ebbed to (0.15%) Volume, Value, and No. of trades all increased by 74.56%, 78.98%, and 21.77% respectively. RTBRISCOE topped the gainers’ table with a percentage price change of 10.00%, while the losers’…
Equities Market The Equity Market maintained its downside, as ASI & Market capitalization both dipped by 0.07% to 40,465.32points and N21,169.20tr respectively. Year-to-Date ASI ebbed to 0.48% Volume, Value, and No. of trades all decreased by 31.49%, 53.95%, and 18.99% respectively. JBERGER topped the gainers’ table with a percentage price change of 9.73%, while the…
The Equity Market lost its previous day steam, as ASI & Market capitalization both dipped by 0.19% to 40,494.35points and N21,184.39tr respectively. Year-to-Date ASI ebbed to 0.56% Volume, Value, and No. of trades all increased by 72.82%, 166.31%, and 18.20% respectively. LEARNAFRCA topped the gainers’ table with a percentage price change of 9.28%, while the…
The Equity Market retracted from the previous trading day plunge, as ASI & Market capitalization both inched up by 0.33% to 40,571.67points and N21,224.86tr respectively. Year-to-Date ASI firmed up to 0.75% Volume, Value, and No. of trades all declined by 47.47%, 58.30%, and 19.85% respectively. SEPLAT topped the gainers’ table with a percentage price change…
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…
Global Economy –Rundown: The United State trade deficit for the year 2020 grew, according to the recent data from the United State Commerce Department reveals that trade deficit surged by 17.7% to $678.7billion, as export of goods and services for the year contracted by 15.7%, while import of goods and services only dipped by 9.5%…
Equities Market The Equity Market sustained its downward slide, as ASI & Market capitalization both declined by 0.10%, to 42,000.01points and N21,970.62tr respectively. Year-to-Date ASI ebbed to 4.29%. Volume and No. of trades both decline by 10.34%, and 17.24%, While the Value of trade inched up by 10.86%. NCR topped the gainers’ table with a…
Global Economy –Rundown: The United State Gross domestic product for the fourth quarter grew by 4%, while on an annualized basis, the United State economy contracted by 3.5% for 2020, however, the country’s economy for the fourth quarter was driven by the boost from export, nonresidential fixed investment, consumer spending, residential investment, and inventories. Further…
Equities Market The Equity Market sustained its positive rally, as ASI & Market capitalization both inched up marginally by 0.57%, to 42,169.41points and N22,059.29tr respectively. Year-to-Date ASI rose to 4.71%. Value and No. of trades both declined by 21.28% and 5.64%, while Volume of trade increased by 2.17% respectively. PORTPAINT topped the gainers’ table with…
Equities Market The Equity Market sustained its positive rally, as ASI & Market capitalization both inched up marginally by 0.83%, to 41,930.73points and N21,934.43tr respectively. Year-to-Date ASI rose to 4.12%. Volume, Value, and No. of trades all inched up by 16.18%, 31.55%, and 12.98% respectively. CHIPLC topped the gainers’ table with a percentage price change…
Global Economy –Rundown: The European Central Bank remained dovish, as it maintained its marginal lending rate at 0.00%, 0.25%, and -0.50%, these rates are expected to remain low until inflation is seen to have converged to a level close to, but below 2% within its projected horizon. Also, ECB seeks to continue with the Pandemic…
Global Economy –Rundown: The consumer price index for the United State for the month of December increased to 0.4%, this represents a 0.2 percentage point increase compared to the previous month inflation data. The increased inflation readings for the month are attributed to an 8.4% rise in gasoline prices that accounted for more than 60%…
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…
The Equity Market sustained its upbeat, as ASI & Market capitalization both appreciated by 0.30% to close at 35,147.62 points and N18,364.78tr respectively. Year-to-Date ASI rose to 30.94%. Volume, Value, and No. of trades all dipped by 25.83%, 30.52%, and 14.28% respectively. CAVERTON topped the gainers’ table with a percentage price change of 9.88%, while…
Nigeria Breweries Plc The firm’s maintained its uninspiring performance, as both topline and bottom-line indicators were on a slide for the 9months reporting period. Gross earnings: NBplc, gross earnings for the period contracted marginally by 0.78% to N234.841million from N236.683million, this dip was propelled by decline recorded across the component that makes up the earnings…
Global Economy –Rundown: As the transition period between Britain and the European Union elapses, the post bilateral trade relationship between them still hangs in the balance, as critical issues around fishing, state aid, and how future disputes should be resolved, and both parties playing tough guy as the transition date of 31st December, 2020 inches…
Equities Market The Equity Market continued with its downward movement, as ASI & Market capitalization both dipped by 0.69% to close at 34,795.82points and N18,181.86tr respectively. Year-to-Date ASI ebbed to 29.63%. Volume, Value, and, No of trades all declined by 46.39%, 51.81% and 23.18%. BOCGAS topped the gainers’ table with a percentage price change of…
Equities Market The Equity Market bullish sentiment remained strong, as ASI & Market capitalization both inched up by 1.90%, to close at 33,268.36 points and N17,383.72tr respectively. Year-to-Date ASI increased to 23.94%. Volume, Value, and, No of trades all inched higher by 48.27%, 17.05% and 6.42%. GUINNESS topped the gainers’ table with a percentage price…
Global Economy –Rundown: The United States Fed Reserve maintained its key benchmark rate at 0%- 0.25%, while policymakers held that the economy is not out of the woods of economic struggles despite splashes of rebound in economic activity, as the economy remains below the pre-pandemic levels. The recent economic trajectory remained within the cautious territory,…
The Equity Market bullish sentiment continued, as ASI & Market capitalization both inched up by 3.81% and 3.96%, to close at 32,243.05 points and N16, 847.96tr respectively. Year-to-Date ASI increased to 20.12%. Value, and No of trades both increased by 57.44%, and 13.47%, while Volume of trade decreased by 0.23%. WAPCO topped the gainers’ table…
Equities Market The Equity Market eased off its upward rally marginally, as ASI & Market capitalization both dipped by 0.01% and 0.04%, to close at 30,738.92 points and N16,062.01tr respectively. Year-to-Date ASI ebbed to 14.52%. Volume, Value, and No of trades all inched higher by 50.16%, 113.86%, and 49.50% respectively. TRANSCORP topped the gainers’ table…
Equities Market The Equity Market sustained its upward rally as ASI & Market capitalization both appreciated by 0.03%, to close at 30,741.88 points and N16,068.28tr respectively. Year-to-Date ASI rose to 14.53%. Volume, Value, and No of trades both declined by 14.77%, 20.44%, and 48.18% respectively. CHIPLC topped the gainers’ table with a percentage price change…
The Equity Market closed on a positive note as ASI & Market capitalization both appreciated by 0.83%, to close at 30,733.47 points and N16,063.88tr respectively. Year-to-Date ASI rose to 14.50%. Volume, and No of trades both declined by 10.77%, and 2.31% to N336.094M, and 5575 units respectively. While Value of trade increased by 2.31%. WAPIC…
Equities Market The Equity Market winning streak was pegged back as ASI & Market capitalization both contracted by 0.17%, to close at 30,479.39 points and N15,931.08tr respectively. Year-to-Date ASI dipped to 13.55%. Volume, Value, and No of trades all declined by 53.37%, 63.79%, and 25.43% to N376.653M, N3.802BN and 6050 units respectively. LIVESTOCK topped the…
Global Economy –Rundown: The recent European region statistics have revealed that the region economy GDP recorded a 12.7% growth for Q3, and a 12.1% GDP growth was recorded within the European Union States, on a quarter on quarter basis, while their respective year on year GDP remains within the contraction bandwidth. The growth was propelled…
Equities Market The Equity Market winning streak persisted, as ASI & Market capitalization both inched higher by 0.28% to close at 28.777.96 points and N15,041.77tr respectively. Year-to-Date ASI rose to 21%. Volume, Value, and No of trades both inched by 20.44%,25.62%, and 43.95% to N340.804M, N5.561B and 4235 units, respectively. CUSTODIAN topped the gainers’ table…
Global Economy –Rundown: According to the International Monetary Fund, the Sub Saharan region is projected to contract by 3% for the year 2020, this was the view of the fund in its recent published outlook, given the persistent wave of the economic shock that is expected to be more exacerbated among tourism-dependent economies and commodity-exporting…
The Equity Market rebound from previous slide as ASI & Market capitalization both inched higher by 0.40%, to close at 28,563.87 points and N14,929.87tr respectively. Year-to-Date ASI rose to 41%. Volume and No of trades both dipped by 4.67%, and 22.72% to N311.333M and 3375 units respectively, while Value. of trade grew by 11.03%. UACN…
The Equity Market firmed up, as ASI & Market capitalization both increased by 0.03%, to close at 28,665.82 points and N14,983.16tr respectively. Year-to-Date ASI rose to 6.79%. Value and No of trades both decreased by 13.89%, and 7.72% to N2.927B and 5132 units respectively, while volume of trade increased by 3.48% to N297.312M. INTBREW topped…
Equities Market The Equity Market eased off some marginal gains ASI & Market capitalization both contracted by 0.004%, to close at 28,658.31 points and N14,979.23tr respectively. Year-to-Date ASI stood at 77%. Volume, Value, and No of trades all decreased by 41.26%, 27.99%, and 9.20% to N287.301M, N3.399B, and 5132 units respectively. INTBREW topped the gainers’…
Global Economy –Rundown: According to IMF recent global economic outlook for the year, it has projected that the global economy will be contracting by 4.4% which is a slight improvement to its earlier projection of a 4.9% economic contraction, this slight moderation was fueled by glimpse of recovery exhibited, as the global economy becomes geared…
Macro economy The Purchasing Managers Index for the month maintained contractionary bandwidth, as both Manufacturing and Non-manufacturing PMI were 46.9 index points and 41.9 index points respectively. According to the 14 subsectors of the Manufacturing activities surveyed, 4 subsectors were within the expansionary corridor, whereas of the 5 activities level of the manufacturing sectors, only…
Equities Market The Equity Market was relatively flat as ASI & Market capitalization both appreciated by 0.001%, to close at 28,344.04 points and N14,814.97tr respectively. Year-to-Date ASI stood at 60%. Volume, Value, and No of trades all increased by 59.66%, 60.56% and 3.90% to N342.193M, N5.040B, and 4048 units respectively. ETERNA topped the gainers’ table…
The consumer price index for the month of September maintained its elevated pressure as the index for the month was 13.71%, which represents a 0.49 percentage change from the previous month Consumer Price Index of 13.22%. The connecting index to the Consumer Price Index, returned elevated indices for the month, as both food item inflation…
Equities Market The Equity Market was relatively flat as ASI & Market capitalization both appreciated by 0.001%, to close at 28,344.33 points and N14,815.12tr respectively. Year-to-Date ASI stood at 60%. Volume, Value, and No of trades all contracted by 59.24%, 37.46% and 13.38% to N218.425M, N3.139B, and 3896 units respectively. ETERNA topped the gainers’ table…
The Equity Market retracted from previous losses as ASI & Market capitalization both appreciated by 0.02%, to close at 28,344.04 points and N14,814.97tr respectively. Year-to-Date ASI rose by 60%. Value, and No of trades both contracted by 0.81%, and 5.31% to N5.019B, and 4,498 units respectively, however Volume of trade rose by 45.14%. ETERNA topped…
The Equity Market weak momentum persisted, as ASI & Market capitalization both dipped by 0.27%, to close at 28,337.49 points and N14,811.55tr respectively. Year-to-Date ASI retreated to 57%. Volume, and No of trades both contracted by 3.90%, and 17.52% to N367.178M, and 5759 units respectively, however Value of trade rose by 26.53%. ETERNA topped the…
Global Economy –Rundown: China has reported some blossom economic data on its path to recovery from the Covid-19 economic shock, this is manifested by its encouraging PMI index that has indicated expansionary growth in recent month, however, the sustainability of such growth is threatened, as this was propelled by export-driven activities and this embedded with…
Equities Market The Equity Market run out of steam of its bullish rally, as ASI & Market capitalization both dipped by 0.31%, and 0.36% to close at 28,546.22 points and N14,913.51tr respectively. Year-to-Date ASI ebbed to 35%. Volume, Value, and No of trades all contracted by 31.64%, 48.49%, and 33.54% to N569.377M, N4.914B, and 6101…
Equities Market The Equity Market sustained its winning streak, as ASI & Market capitalization both increased by 4.92%, to close at 28,909.37 points and N15,110.46tr respectively. Year-to-Date ASI grew by 77%. Volume, Value, and No of trades all increased by 24.10%, 27.90%, and 34.94% to N749.468M, N9.495B, and 8075 units respectively. CORNERST topped the gainers’…
The Equity Market uptick still persisted, as ASI & Market capitalization increased by 2.11% and 0.68%, to close at 27,554.49 points and N14,402.28tr respectively. Year-to-Date ASI grew by 65%. Volume, Value, and No of trades all increased by 31.35%, 72.45%, and 21.43% to N603.946M, N7.424B, and 5984 units respectively. GLAXOSMITH topped the gainers’ table…
Global Economy –Rundown: China’s official Manufacturing Purchasing Manager’s Index for the month of September ramped up marginally by 0.50 index point to 51.50 index point from the previous month index readings of 51.00, the improved index was propelled by resilient export activities and infrastructure expansion that has resulted in enhanced demand and supply, as…
Equities Market The Equity Market closed the third quarter on a bullish run As, ASI & Market capitalization increased by 0.83% and 0.94%, to close at 26,831.76 points and N14,039.02tr respectively. Year-to-Date ASI growth stood at (0.04%). Volume, Value, and No of trades all dipped by 21.87%, 10.80%, and 13.57% to N322.773M, N4.039B, and 4046…
Equities Market The Equity Market bullish rally persisted, as ASI & Market capitalization increased by 0.72%, to close at 26,507.84 points and N13,853.39tr respectively. Year-to-Date ASI growth stood at (1.25%). Volume, and No of trades all inched up by 0.32%, and 8.77% to N336.833M, and 4602 units, while the value of trade dipped by 5.80%…
Global Economy –Rundown: The possibility of securing lawmakers assent for an additional relief package prior to the election remains faint, as such the Fed Chair and Treasury Secretary have requested from the United State lawmakers to consider approving the utilization of the unused pandemic aid that is estimated at about $380 billion, this call is…
[pdf-embedder url=”https://www.fcslng.com/wp-content/uploads/2020/09/Daily-financial-market-update-September-24-2020.pdf” title=”Daily financial market Equities Market The Equity Market upward movement persisted, as ASI & Market capitalization increased by 0.79%, to close at 25,987.14 points and N13,581.26tr respectively. Year-to-Date ASI growth stood at (3.19%). Volume, Value, and No of trades all dipped by 13.30%, and 38.31%, 5.72% to N359.307M, N3.874B, and 3576 units NB…
The Monetary policy Committee affirmed to the aberration in the economy space, which is evidence by global, supply chain disruption, rising unemployment trend, volatile crude oil prices, and suppressed demand that have caved in since the pandemic outbreak. Given the level of domestic economic contraction, persistent elevated inflationary pressure, suppressed government revenue, unabated unemployment…
Equities Market The Equity Market trended upward, as ASI & Market capitalization increased by 0.50%, to close at 25,783.02 points and N13,474.54tr respectively. Year-to-Date ASI growth is at (3.95%). Volume, Value, and No of trades all appreciated by 58.50%, and 42.73%, 16.56% to N414.161M, N6.280B, and 3793 units INTBREW topped the gainers’ table with a…
Equities Market The Equity Market continued with an upward rally, as ASI & Market capitalization increased by 0.31%, to close at 25,654.90 points and N13,407.59tr respectively. Year-to-Date ASI growth is at (4.42%). Volume, and Value of trades both appreciated by 33.61%, and 154.63% to N262.046M, and N4.400B, while No of trade dipped by 8.13%…
Equities Market The Equity Market trended upward, as ASI & Market capitalization firmed up by 0.01%, to close at 25,574.35 points and N13,365.49tr respectively. Year-to-Date ASI growth is at (4.72%). Volume, and No of trades both appreciated by 1.36%, and 20.72% to N196.122M, and 3542 units, while Value of trade dipped by 6.39% to N1.728B…
Global Economy –Rundown: According to the organization of Economic Corporation and development have revised its economic outlook for the rest of the year, its global economic projection stands at 4.5% contraction, which is an improvement from the previous projection of global economic contraction of 6%, despite the improved projection, the global economy is still embodied…
The Equity Market rally continued, as ASI & Market capitalization appreciated by 0.05%, to close at 25,605.59 points and N13,358.07tr respectively. Year-to-Date ASI growth is at (4.61%). Volume, value and No. of trades all inched higher by 20.82%, 45.74%, and 10.13% to N257.028M, N3.320, and 3567 units. NEIMETH topped the gainers’ table with a percentage…
Global Economy –Rundown: The United Kingdom, as decided to thrown caution to the wind as regards, post-transition trade agreement with the European Union, as the former is seeking ascent to a bills to be legislated that will empower it not to request for ratification from EU as regards state aid involving the trade of goods…
Equities Market The Equity Market sustained its positive rally, as ASI & Market capitalization appreciated by 0.28%, to close at 25,591.95 points and N13,350.95tr respectively. Year-to-Date ASI growth is at (4.66%). Volume, and No. of trades both decreased by 10.04%, and 0.37% to N212.733M, and, 3239 units. While Value of trade increased by 38.23% to…
Daily financial market update September 9 2020
Global Economy –Rundown: The United State’s citizens filing for unemployment benefits claims receded below the million mark, based on prior week labour data, and this is the second time since COVID 19 outbreak, this slide was fueled by a seasonal adjustment which resulted in the 881,000 unemployment benefit claims for the week ended 29th August,…
Equities Market The Equity Market bullish sentiment persisted, as ASI & Market capitalization increased by 0.37%, to close at 25,605.64 points and N13,358.10tr respectively. Year-to-Date ASI growth is at (4.61%). Volume, and Value of trades, and No. of trade all increased by 80.56%, 188.06% & 22.95% to N419.660M, and N3.788Bn, and 4152 units respectively. LAWUNION…
Equities Market The Equity Market maintained its positive rally, as ASI & Market capitalization increased by 0.20%, to close at 25,511.02 points and N13,308.73tr respectively. Year-to-Date ASI growth is at (4.96%). Volume, and Value of trades both increased by 28.18% & 17.20% to N232.416M, and N1.315Bn respectively. While No. of trade decreased by 0.91% to…
Equity Bourse trended upward, as ASI & Market capitalization traded inched higher by 0.18%, to close at 25,460.00 points and N13,282.11tr respectively. Year-to-Date ASI growth is at (5.71%). Volume, and Value of trades both dipped by 83.12% & 46.70% to N181.320M, and 1.122Bn respectively. While No. of trade increased by 5.81% to 3,408 units CORNERST…
Global Economy –Rundown: The American economic landscape was stirred to a new shift in Fed reserves Monetary Policy approach by leaving inflation to hover at an average inflationary target of 2%, and the employment benchmark will be accounted for by deficits from the maximum targeted benchmark, as prior indicators have been deviations from the maximum…
Equities Market The Equity Market ended the trading week on a positive note as both the ASI & Market capitalization appreciated by 0.02%, to close at 25,309.37 points and N13,203.66tr respectively. Year-to-Date ASI growth is at (5.71%). Volume, Value, and No of trades all decline by 45.46%, 41.67%, and 2.88% to N137.055M, 0.921B, and 2,869…
The Equity Market week upward rally was halted as both the ASI & Market capitalization dipped by 0.10%, to close at 25,304.25 points and N13,200.99tr respectively. Year-to-Date ASI growth is at (5.73%). Volume, and Value of trades both trended up by 39.04% 16.53% to N251.296M, and 1.579Bn respectively, while no of trade trended low…
Equities Market The Equity Market trended up as both the ASI & Market capitalization appreciated by 0.15%, to close at 25,330.10 points and N13,214.48tr respectively. Year-to-Date ASI growth is at (5.63%). Volume, and No. of trades both dipped by 28.09% & 8.13% to N180.733M, and 3,411 respectively, while VALUE of trade increased by 16.01% to…
Equities Market The Equity Market uptick persisted as both the ASI & Market capitalization appreciated by 0.25%, to close at 25,291.73 points and N13,194.46tr respectively. Year-to-Date ASI growth is at (5.78%). Value, and No. of trades both declined by 50.51% & 0.64% to N1.168B, and 3,713 respectively, while Volume of trade increased by 06% to…
Global Economy –Rundown: The European Union and United Kingdom transitional trade agreement ended in a stalemate, as both parties were tightfisted on the fundamental issue around the state aid rules, fishing quotas, migration, security, dispute-settling mechanisms, and human rights guarantees, which are grey areas that must be resolved, else the possibility of agreeing to a…
Equities Market The Equity Market inch higher as both the ASI & Market capitalization appreciated by 0.13%, to close at 25,204.60 points and N13,149.00tr respectively. Year-to-Date ASI growth is at (6.10%). Volume, and No. of trades both declined by 0.26%, &1.71% to N179.549M, and 3,055 respectively, while Value of trade increased by 64.45% to N2.526Bn.…
Equities Market The Equity Market reverse from previous days decline stripe as both the ASI & Market capitalization appreciated by 0.14%, to close at 25,171.32 points and N13,130.94tr respectively. Year-to-Date ASI growth is at (6.22%). Volume, Value and No. of trades all declined by 33.58%, 37.59% & 15.84% to N180.010M, N1.536Bn, and 3,108 respectively. STUDPRESS…
Equities Market The Equity Market recorded a slip as both the ASI & Market capitalization declined by 0.22%, to close at 25,143.68 points and N13,116.49tr respectively. Year-to-Date ASI growth is at (6.33%). Volume, Value and No. of trades all decreased by 66.59%, 59.20% & 7.70% to N161.232M, N1.846Bn, and 3,597 respectively. UNILEVER topped the gainers’…
Equity Bourse rose higher as both the ASI & Market capitalization appreciated by 0.38%, to close at 25,236.97 points and N13,165.16tr respectively. Year-to-Date ASI growth is at (5.98%). Upward swing on both Insurance and Consumer indices sustained the ASI appreciation. Volume, and No. of trades both increased by 25.97% & 0.11% to N258.082M, and 3,640…
Equities Market Equity Bourse surge higher as both the ASI & Market capitalization traded appreciated by 1.04%, to close at 25,141.48 points and N13,115.28tr respectively. Year-to-Date ASI growth is at (6.34%). The index upward swing was propelled by Oil & Gas sector. Volume, and No. of trades both slipped by 0.84% & 7.36% to N204.878M,…
Equities Market Equity Bourse plunge marginally as both the ASI & Market capitalization traded low at a decline of 0.58%, to close at 24,883.70 points and N12,980.81tr respectively. Year-to-Date ASI growth is at (7.30%). The index slide was propelled by decline in major indices of both Industrial sector and Insurance sector. Volume, and Value of…
Equities Market Equity Bourse resume on a quiet note as both the ASI & Market capitalization traded low at a decline of 0.06%, to close at 25,027.61 points and N13,055.88tr respectively. Year-to-Date ASI growth is at (6.76%). The index slide were propelled by decline in major indices of both Banking sector and Industrial sector. Volume,…
Global Economy –Rundown: China’s dollar-denominated export increased by 0.5% on a year on year basis, while its import rose by 2.7% for the same period, the country’s trade surplus for the month of July was $62.33billion. The resilient of its export was influenced by demand for medical supplies and work from home equipment. However, the…
Equities Market The market elevated rally persisted as a 0.45% appreciation was recorded on both NSE ASI and Market capitalization to close at 25,041.89 index points and N13,063.33tr Year-to-Date ASI growth is at (6.71%). Volume, and Value of trades both dipped by 3.80%, and 5.95% to 167.139M, and N2.006Bn, respectively, however, No. of trades appreciated…
Macroeconomy The country’s Consumer Price Index for the month of June remained elevated at 12.56%, while prior month CPI was 12.40%, the persistent rise in inflation have been propelled by cost pull inflation associated with logistics and structural impediments that affect agricultural products. At the held MPC meeting for the Month of July, the committee…
A 0.19% appreciation was recorded on both NSE ASI and Market capitalization to close at 24,930.04 index points and N13,005.14tr Year-to-Date ASI growth is at (7.12%). As substantial growth was recorded on SEPLAT. Volume, Value, and No. of Trade all dipped by 54.67%, 45.21%, and 5.54% to 173.748M, N2.133Bn, and 3,646 units respectively. SEPLAT topped…
Equities Market The NSE ASI and Market capitalization rose marginally by 0.16%, to close at 24,882.04 index points and N12,979.94tr respectively. Year-to-Date ASI growth is at (7.30%). The Oil &Gas and Banking indices both propel the ASI upward movement. Volume, and Value of Trade both increased by 96.35%, and, 135.46% to 303.289M, and N3.433Bn respectively,…
The equity bourse rally persisted, as the NSE ASI and Market capitalization appreciated marginally by 0.31%, to close at 24,841.94 index points and N12,959.02tr respectively. Year-to-Date ASI growth is at (7.45%). The Insurance & Banking indices both propel the ASI upward movement. Volume, and No of trade both declined by 17.17%, and, 10.51% to 154.467M,…
The equity market rally continued, as the NSE ASI and Market capitalization inched higher by 0.29%, to close at 24,766.12 index points and N12,919.47tr respectively. Year-to-Date ASI growth is at (7.73%). The Industrial & Banking sub-indices both propel the ASI upward movement. Volume, Value, and No of trade all appreciated by 83.57%, 34.50%, and, 28.30%…
Global Economy –Rundown: The United State Economy, dipped by 9.5% from the first quarter, at an annualised level of 32.9%, the second quarter economic contraction was propelled by slump that cut across business investment activities, residential investment, and household spending on services that witnessed an annualised decline of 27%, 38.7%, and 43.5% respectively. Economic data…
Equities Market The equity market overturned previous day slide, as the NSE ASI and Market capitalization inched higher by 0.18%, to close at 24,693.73 index points and N12,881.71tr respectively. Year-to-Date ASI growth is at (8.00%). The Oil & Gas index recovered from yesterday slide, and this was able to propel the ASI upward movement. Volume,…
Equities Market The equity front dipped, as yesterday rally was not sustained, as such NSE ASI and Market capitalization decline by 0.54%, to close at 24,650.16 index points and N12,858.98tr respectively. Year-to-Date ASI growth is at (8.17%). The contraction of 5.2% in the Oil & Gas index influenced the ASI movement. Volume, Value, and No…
Equities Market Nigerian equity bourse commences the trading week on a positive note, as the NSE ASI and Market capitalization rose by 1.46%, as they both closed at 24,783.61 index points and N12,928.60tr respectively. Year-to-Date ASI growth is at (7.67%). The surge in the index was spurred by substantial gains in the Banking and industrial…
Global Economy –Rundown: The unemployment filling by Americans for the week ended 18th July rose by 1.416 million, as the aggregate unemployed claims were estimated at 31.8 million beneficiaries, as of 4th July. The increase in jobless benefit payout is related to increase cases of confirmed COVID-19 that has pressured authorities to either shut down…
The local bourse gave up its previous today’s appreciation, as the NSE ASI and Market capitalization dipped by 0.34%, as they both closed at 24,427.73 index points and N12,742.95tr respectively. Year-to-Date ASI growth is at (8.99%). The index contraction was fueled by 10% dip on SEPLAT. Volume, Value, and No. of trades all increased by…
Equities Market At the close of today’s trading session, the NSE ASI and Market capitalization inched higher by 1.40%, as they both closed at 24,512.27 points and N12,787.05tr respectively. Year-to-Date ASI growth is at (8.68%). The index was boosted by 10% appreciation recorded on DANGCEM. Volume, Value, and No. of trades all decline by 38.27%,…
Equities Market At the close of today’s trading session, the NSE ASI and Market capitalization reflected a flat change compared with previous day indictor, as they both closed at 24,173.53 points and N12,610.34 TR respectively. Year-to-Date ASI growth is at (9.94%). Volume, and No of trades both decline by 12.49%, 7.14% to 266.136, and 3,250…
MPC COMMUNIQUE HIGHLIGHTS The committee alluded to the recent IMF global economic projection; where it stated that the global economic trajectory was headed for a contraction of about 4.9% for 2020 fiscal year. Ø The committee accentuated on the inflationary pressure being witnessed mostly within the emerging markets and developing economies, a visible trend among…
Global Economy –Rundown: China’s economy recorded a rebound in the second quarter of the year, as its GDP grew by 3.2% for the period, as against first quarter GDP contraction of 6.8%, this was attained based on lockdown easing, stimulus enhancement through fiscal spending and, cutting of lending rates and, lowering of banks reserves. Although…
Global Economy –Rundown: The United State Producers Price index for the month of June tanked by 0.2%, and the 12 months average of same parameters for the month revealed a 0.8% dip, which is at par with May’s 12 months average. The compressed Producers Price Index was fueled by subdued services sector weakness. Given…
Equities Market · The Equity Bourse recorded an upward swing as the NSE ASI and Market capitalization both appreciated by 0.12% to 24,306.36 Index Points and N12.679 Tr respectively. Year-to-Date ASI is still at a Negative of -9.45%. · Number of Trades, Volume of Trades and Value of Trades all decreased by -22.80%, -38.06%…
Stimulus package is one of the current drivers of Japan’s economy. Economy of Japan is expected to contract by 5.3% in 2020. Japan has executed two stimulus packages totalling $2.2 trillion. The next stimulus package is expected to be worth about 1-2% of the Japan’s gross domestic product, which should aid in recovery of Japan’s…
Equities Market · The Equity Bourse recorded an upward swing as the NSE ASI and Market capitalization both appreciated by 0.75% to 24,278.07 Index Points and N12,664.88Tr respectively. Year-to-Date ASI is still at a Negative of -9.55%. · Number of Trades decreased by -13.23% to 3,523 deals while Volume of Trades and Value of Trades…
Equities Market · The Equity Bourse recorded a downward slide as the NSE ASI and Market capitalization both depreciated by -1.27% to 24,026.05 Index Points and N12,784.78 Tr respectively. Year-to-Date ASI is still at a Negative of -10.49%. · Number of Trades, Volume of Trades and Value of Trades all increased by 5.58%, 31.44% and…
Global Economy –Rundown: A glimpse of hope towards global economic recovery was spurred on the hills of encouraging rebound from manufacturing activities emanating from the world economy powers (China & United State), as the respective economy recorded weighty growth in its manufacturing activity for the month of June. According to data released by Institute for…
Unemployment rate is a driver of the US economy. The US unemployment rate is forecast to decrease by 12.3% in June 2020 from 13.3% in May 2020. Despite two straight months of gains, employment would still be about 16.6 million jobs below its pre-pandemic level. Reuters
Equities Market · The Equity Bourse recorded an upward swing as the NSE ASI and Market capitalization both appreciated by 0.47% to 24,595.05 Index Points and N12,830.23 Tr. respectively. Year-to-Date ASI is still at a Negative of -8.37%. · Number of Trades, Volume of Trades and Value of Trades all decreased by -15.50%, -29.45%…
Asia’s Factory activities is one of the main driver’s of the Global Economy. The global economy is expected to shrink by 4.9% this year and rebound by just 5.4% next year. China’s PMI rose to 51.2 in June 2020 from 50.7 in May 2020. Japan’s PMI rose to 40.1 in June, while South Korea’s PMI…
Equities Market · The Equity Bourse recorded a downward slide as the NSE ASI and Market capitalization depreciated by -1.53% to 24,479.16 Index Points and N12,769.81 Tr. respectively. Year-to-Date ASI is still at a Negative of -8.80%. · Number of Trades, Volume of Trades and Value of Trades all increased by 13.30%, 76.83% and 91.89%…
Capital Markets are one of the main drivers of the Global Economy. The total market capitalization of global stocks is now 52% of expected global economic output. World stocks best performing sectors this year are Information Technology, Health Care & Communication Services while worst performing sectors are Energy, Financials & Real Estate. Earnings yield on…
Global Economy –Rundown: Based on the recently reviewed Global Economy outlook, International Monetary Fund have downgraded its global forecast further down as additional data collated revealed the magnitude of financial resources devoted to curbing and stemming the COVID-19 pandemic. The Fund now anticipate a global economic contraction of about 4.9% for the year, as…
U.S. homes sale is one of the drivers of US economy. U.S. existing homes sale decreased by 26.6% compared with last year in May 2020. In addition, the supply of homes available for sale is still tight, indicating a strong housing market recovery is unlikely. These is a result of negative growth in U.S. 2020…
Global Economy –Rundown: A marginal gain in the United State retail sales was recorded for the month of May, as renewed consumers spending fueled a rise of 0.5%, and retail data for the month of April was modified to reflect an appreciated retail sales of 0.3%, as against a contraction of 0.2% earlier reported. Based…
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.16% to 24,933.41 Index Points and N13.007 Trillion respectively. Year-to-Date ASI is still at a negative of -7.11%. · Number of trade, Volume of trade and Value of trade all decreased by -4.66%, -34.53% and…
U.S.-China trade deal is one of the main drivers of both economies. China agreed to buy $200 billion more in U.S. goods and services over two years. China’s 1.4 billion consumers represented the fastest growing market for U.S. companies, but U.S. firms also faced myriad challenges doing business with China. The purchase of U.S. goods…
Equities Market · The Nigerian Equity Bourse recorded an upward slide, as NSE ASI and Market capitalization both increased by 0.17% to 24,972.94 Index Points and N13.027 Trillion respectively. Year-to-Date ASI is still at a negative of -6.96%. · Number of trade decreased by -17.10% to 3,477 deals While Volume of trade and…
Retail sales are one of the main drivers of US economy. US retails sales increased to $73 billion in May 2020 which is 8% below February 2020 retail sales. This should aid in recovery of the US economy. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.10% to 24,930.88 Index Points and N13.005 Trillion respectively. Year-to-Date ASI is still at a negative of -7.12%. · Number of trade, Volume of trade and Value of trade all decreased by -12.77%, -15.68% and…
Fiscal policies are one of the main drivers of the U.S. economy. U.S. Federal Reserve has launched its long-awaited Main Street lending program, which will offer up to $600 billion in loans to U.S. businesses with up to 15,000 employees or with revenues up to $5 billion. This should boost recovery of the U.S. economy…
https://www.fcslng.com/wp-content/uploads/2020/06/FCSL-Monthly-Economic-Market-Update-May-2020.pdf
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.90% to 24,956.04 Index Points and N13.02 Trillion respectively. Year-to-Date ASI is still at a negative of -7.03%. · Number of trade increased by 23.92% to 4,808 deals while Volume of trade and Value…
Factory output is one of the main drivers of China’s economy. China’s Industrial output growth increased to 4.4% in May 2020 from 3.9% in April 2020, while Retail sales decreased by 2.8% in May 2020 from 7.5% decrease in April 2020. These resulted from China’s gross domestic product decrease by 6.8% in the first quarter…
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.13% to 25,182.67 Index Points and N13.14 Trillion respectively. Year-to-Date ASI is still at a negative of -6.18%. · Number of trade decreased by -2.46% to 3,880 deals while Volume of trade and Value of…
Consumer prices are one of the main drivers of the US economy. US Consumer price index decreased month-on-month by 0.1% in May 2020 after decreasing 0.8% in April 2020 while, the CPI increased year-on-year by 0.1% in May 2020 after increasing by 0.3% in April 2020. These are as a result of the negative growth…
Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.34% to 25,335.15 Index Points and N13.22 Trillion respectively. Year-to-Date ASI is still at a negative of -5.61%. · Number of trade and Value of trade both decreased by -10.47% and -48.25% to 4137 deals…
Household spending is one of the main drivers of the Euro zone’s economy. GDP of the 19 countries sharing the euro decreased at the rate of 3.1% year-on-year in quarter one 2020. Household consumption was responsible for 2.5 percentage points and investment for 1 points of GDP, while net trade was -0.4 points, government spending…
Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.93% to 25,250.20 Index Points and N13.17 Trillion respectively. Year-to-Date ASI is still at a negative of -5.93%. · Number of trade and Volume of trade both increased by 6.43% and 7.46% to 4621 deals…
Corona virus crisis is one of the negative drivers of the Japan’s economy. Japan’s economy decreased by 2.2% in quarter one 2020. Japan’s parliament will begin deliberating a second supplementary budget to fund part of a fresh $1.1 trillion stimulus package. This should aid in recovery of Japan’s economy from recession. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -1.17% to 25,016.30 Index Points and N13.05 Trillion respectively. Year-to-Date ASI is still at a negative of -6.80%. · Number of trade, Volume of trade and Value of trade all decreased by -4.57%, -20.61% and…
Employment is one of the main drivers of the US economy. The U.S. unemployment rate increased to almost 20% in May 2020 from 14.7% in April 2020. These can lead to further decline in the US GDP for 2020 quarter 2. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by -0.38% to 25,312.05 Index Points and N13.204 Trillion respectively. Year-to-Date ASI is still at a negative of -5.70%. · Number of trade, Volume of trade and Value of trade all decreased by 2.34%, 23.53% and…
Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.10% to 25,407.96 Index Points and N13.254 Trillion respectively. Year-to-Date ASI is still at a negative of -5.34%. · Number of trade decreased by 2.43% to 4659 deals while Volume of trade and Value of…
China is the world’s second-largest oil consumer. China’s oil demand has recovered to more than 90% of the levels seen before the Coronavirus pandemic which has boosted the recovery of Global Oil prices. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward swing, as NSE ASI and Market capitalization both decreased by 0.22% to 25,166.01 Index Points and N13.115 Trillion respectively. Year-to-Date ASI is still at a negative of -6.24%. · Number of trade, Volume of trade and Value of trade all decreased by 7.87%, 40.13% and…
Recovery plans are part of the main drivers of the European union (EU) economy. The European Union’s executive unveiled a 750 billion euro recovery plan, while the EU’s long-term budget for 2021-27 is proposed to be 1.1 trillion Euros ($1.21 trillion).EU countries have agreed on 500 billion Euros of immediate rescue aid and plan worth…
U.S. leveraged loan market is part of the main drivers of the U.S. economy. The trailing 12-month default rate increased to 2.8% from 1.8% in 2019. These led the monthly tally of defaults in the U.S. leveraged loan market to hit a six year high which has negative affected businesses and the U.S. economy. Reuters
Equities Market · · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 1.03% to 24,452.23 Index Points and N12.743 Trillion respectively. Year-to-Date ASI is still at a negative of -8.90%. · Number of trade, Volume of trade and Value of trade all increased by…
Interest rates are part of the main drivers of the Global economy. The European central bank (ECB) introduced negative rates in 2014, with its deposit rate currently -0.5%; while the Bank of Japan (BOJ) uses aggressive asset purchases to guide short-term rates to -0.1%. Under a negative rate policy, financial institutions are required to pay…
Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 1.09% to 24,202.87 Index Points and N12.613 Tr respectively. Year-to-Date ASI is Still at a negative of -9.83%. · Volume of trade and Value of trade both increased by 2.65% and 33.86% to 339.757 Million…
Benchmark interest rates are part of the main drivers of China’s economy. One-year loan prime rate (LPR) stands at 3.85 %, while the five-year tenor was at 4.65%. China’s Gross domestic product (GDP) shrank 6.8% in the first quarter from a 2019 first quarter as the Coronavirus outbreak and tough containment measures paralyzed activity across…
Equities Market The Equity Bourse continued with an upward movement as the NSE ASI and Market capitalization appreciated by 0.48% to 21,861.78 Index Points and N11,393.34 Tr. respectively. Year-to-Date ASI is still at a Negative of 18.55%. Volume, Value and No of Deals all appreciated by 46.03%, 77.95% and 12.03% respectively. GLAXOSMITH topped the gainers’…
Equities Market The Equity Bourse resurged from the previous day downward slide as the NSE ASI and Market capitalization appreciated by 0.13% to 21,757.47 Index Points and N11,338.97Tr. respectively. Year-to-Date ASI is still at a Negative of 94%. Volume, Value and No of Deals all decline by 26.26%, 15.72% and 8.57% respectively. UBN topped the…
Equities Market The Equity Bourse recorded a marginal upswing to retreat from its subdued run as the NSE ASI and Market capitalization appreciated by 0.19% to 21,741.16 Index Points and N11,329.86Tr. respectively. Year-to-Date ASI is still at a Negative of 00%. Volume, Value and No of Deals all decline by 28.91%, 7.66% and 22.47% respectively.…
Monetary policy is one of the main drivers of Britain’s economy. BoE has made two emergency cuts to interest rates, taking the official cost of borrowing down to 0.1% from 0.75%. These led to Public expectations for decreasing inflation over the next year and next five years. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward swing, as NSE ASI and Market capitalization both decreased by 3.12% to 22,078.58 Index Points and N11.506 Tr respectively. Year-to-Date ASI is Still at a negative of -17.75%. · Number of trade, Volume of trade and Value of trade decreased by 24.80%, 21.69%…
Monetary policy is one of the main drivers of Euro area’s economy. The European Central Bank launched new bond purchases worth 750 billion euros, bringing its planned purchases for this year to 1.1 trillion euro while leaving its -0.5% deposit rate unchanged. These should boost the eurozone economy reducing the negative impact of Coronavirus. Reuters
Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 1.09% to 22,789.64 Index Points and N11.876 Tr respectively. Year-to-Date ASI is Still at a negative of -15.10%. · Number of trade and Volume of trade decreased by 1.64% and 0.65% to 7247 and…
Trade is one of the main drivers of Japan’s economy. Japan’s exports decreased by 1.0% compared with February 2019, while imports decreased by 14.0%. These led to a trade surplus of 1.110 trillion yen ($10.34 billion) which should improve Japan’s Economy. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.71% to 22,543.07 Index Points and N11.748 Tr respectively. Year-to-Date ASI is Still at a negative of -16.02%. · Number of trade, Volume of trade and Value of trade all increased by 5.54%, 22.56% and…
Fiscal policy is one of the main drivers of US economy. The US House of Representatives passed economic relief from the Coronavirus pandemic of $850 billion. US also wants to pass $500 billion in a payroll tax cut, a $50 billion bailout for airlines struggling from plummeting demand, and $250 billion for small business…
Global Economy –Rundown: Global economic gladiators are activating their responsive shield to the virus ravaging the entire globe, as major central Bank across the globe are working round the clock in ensuring that its respective economy is fortified from the fallout of the epidemic, while noticeable moves were rate cuts, quantitative easing, payroll tax cut…
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.12% to 22,705.19 Index Points and N11.832 Tr respectively. Year-to-Date ASI is Still at a negative of -15.41%. · Volume of trade and Value of trade both decreased by 24.78% and 43.66% to 551.483 Million…
Monetary policy is one of the drivers of US economy. The US Federal reserve reduced short-term rates to a target range of 0% to 0.25%, and announcing at least $700 billion in Treasuries and mortgage-backed securities purchases in coming weeks. These should ease Coronavirus tension, but could lead to recession. Reuters
Equities Market The Equity Bourse continued with its depressed nature, as the NSE ASI and Market capitalization declined by 3.72% to 22,695.88 Index Points and N11,827.39 Tr. respectively. Year-to-Date ASI is still at a Negative of 45%. Volume, Value and No of Deals all decline by 23.94%, 44.44% and 23.06% respectively. CAVERTON topped the gainers’…
Global Economy –Rundown: The Fed Chairperson, explained that its prompt decision prior to its already scheduled meeting for 18th March, 2020, was spurred by potential risk to the United State Economy, arising from the novel coronavirus. The recent move of the Fed, is being interpreted “as when the watcher becomes the watch”, as the Fed…
Interest rate is one of the main drivers of UK economy. The Bank of England slashed interest rates by half a percentage point which returns the main interest rate to a record low of 0.25%. These should boost UK’s Economic output economic output by 1%. Reuters
Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.61% to 26,415.54 Index Points and N13.765 Tr respectively. Year-to-Date ASI is Still at a negative of -1.59%. · Number of trade, Volume of trade and Value of trade all decreased by 9.83%, 20.67% and…
Corona virus is one of the main negative drivers of the Global economy. The global economy is set to grow only 2.4% in 2020 down from a forecast of 2.9% in November 2019. The global growth could drop as low as 1.5% in 2020 if the Corona virus spreads throughout Asia, Europe and North America,…
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 2.21% to 26,216.46 Index Points and N13.658 Tr respectively. Year-to-Date ASI is now at a negative of -2.21%. · Number of trade, Volume of trade and Value of trade all increased by 44.76% 79.81% and…
Inflation is one of the main drivers of Germany’s economy. ECB’s inflation target is currently below but close to 2% while Bundesbank’s predicts a 0.6% GDP expansion in 2020. Coronavirus may lead to German Economy not meeting its growth forecast. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.62% to 26,808.24 Index Points and N13.966 Tr respectively. Year-to-Date ASI is now at a negative of -0.13%. · Volume of trade and Value of trade both increased by 1.38% and 63.69% to 231.53 Million…
Business Spending is one of the main drivers of US economy. Business investment decreased by 2.3% rate in the 2019 fourth quarter, while consumer spending increased by 1.7 in the fourth quarter 2019. These led the US Gross domestic product to increase by 2.1% annualized rate. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.22% to 26,974.38 Index Points and N14.052 Tr respectively. Year-to-Date ASI is still at a positive of 0.49%. · Number of trade, Volume of trade and Value of trade all decreased by 14.03%, 5.52% and…
Trade is one of the main drivers of German economy. Exports fell by 0.2% in the fourth quarter 2019, while Gross investment increased by 2.9% in the last quarter of 2019 with State consumption adding 0.1 percentage points to growth, while private consumption made no contribution. These led the German economy to grow by 0.6%…
Equities Market · The Nigerian Equity Bourse recorded a downward swing, as NSE ASI and Market capitalization both decreased by 1.27% to 27,041.03 Index Points and N14.087 Tr respectively. Year-to-Date ASI is still at a positive of 0.74%. · Number of trade, Volume of trade and Value of trade all increased by 2.49%, 1.83% and…
Benchmark Interest rate is one of the main drivers of European economy. Euro zone money markets priced in around a 50% chance that the European Central Bank will cut interest rates by 10 basis points in July 2020 which is up from around 35% a week ago. This should boost growth in European economy. Reuters
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…
US benchmark Interest rate is one of the main drivers of US economy. US benchmark interest rate is set in a range of 1.50% to 1.75% which should lead to U.S. economy growing at a 2.00% to 2.25% annualized rate in 2020. Reuters
Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.17% to 27,568.91 Index Points and N14.362 Tr respectively. Year-to-Date ASI is still at a positive of 2.71%. · Number of trade and Volume of trade both increased by 18.68% and 67.15% to 4187 and…
US employment level is one of the main drivers of US Economy. US unemployment rate rose by 0.1% to 3.6%, while 225,000 jobs were created in January after adding 147,000 positions in December. These have led to an increase in claims of state unemployment benefits due to increase in Labour force. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.09% to 27,523.08 Index Points and N14.338 Tr respectively. Year-to-Date ASI is still at a positive of 2.54%. · Number of trade, Volume of trade and Value of trade all increased by 14.73%, 72.64% and…
House, auto fuel and factory output prices are part of the main drivers of UK Inflation. House prices increased by 2.2% while auto fuel and factory output prices increased by almost 2% and 1.1%. These have led to an increase in consumer prices and core inflation by 1.8% and 1.6% respectively. Bloomberg
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.08% to 27,547.56 Index Points and N14.347 Tr respectively. Year-to-Date ASI is still at a positive of 2.63%. · Both Volume of trade and Value of trade increased by 24.86% and 36.18% to 168.074 Million…
Global Economy –Rundown: According to the recent revised Global economic outlook for 2020, as conducted by Economic Intelligence Unit, estimate the world economy to grow by 2.2%, which represent a 0.1 percentage point decline from the earlier projection of 2.3% economic growth, this review was spurred by the epidemic ravaging china and other part of…
Inflation is one of the main drivers of Japan’s economy. Consumption decreased by 2.9% while core inflation is currently 0.7%. This has led to decrease in Japan’s GDP in the fourth quarter 2019 due to the previous inflation target of 2%. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.67% to 27,570.94 Index Points and N14.359 Tr respectively. Year-to-Date ASI is still at a positive of 2.72%. · Number of trade, Volume of trade and Value of trade all increased by 3.54%, 1.50% and…
Sales tax is one of the main drivers of Japan’s Economy. Private consumption decreased by 2.9%, while capital expenditure decreased by 3.7% in fourth quarter 2019 caused by an increase in sales tax. These led to decrease in Japan’s gross domestic product (GDP) by 6.3% in fourth quarter 2019. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.39% to 27,755.87 Index Points and N14.456 Tr respectively. Year-to-Date ASI is still at a positive of 3.40%. · Number of trade, Volume of trade and Value of trade all decreased by 0.28%, 12.01% and…
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…
Fiscal policies are one of the main drivers of US economy. US budget deficit is expected to average $1.3 trillion a year over the next decade, while US economy is expected to grow by 2.2% in 2020, with the growth rate falling below 2.0% in future years. Reuters
Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.02% to 27,878.43 Index Points and N14.520Tr respectively. Year-to-Date ASI is still at a positive of 3.86%. · Number of trade, Volume of trade and Value of trade all decreased by 4.63%, 44.84% and 34.29%…
Inflation & Interest rates are one of the main drivers of US economy. US Short-term borrowing costs target is between 1.50% and 1.75%, while inflation based on the price index for personal consumption expenditures was 1.6% in 2019.These places US economy in a position of continued expansion. Reuters
Equities Market · The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.36% to 27,871.90 Index Points and N14.516Tr respectively. Year-to-Date ASI is still at a positive of 3.84%. · Number of trade, Volume of trade and Value of trade all increased by 5.82%, 38.03% and…
Annual Budget is one of the main drivers of US economy. The US economy grew by 2.3% in 2019, while President Donald Trump’s is proposing $4.8 trillion budget for 2020. These should lead to US economy growth of 2.2% in 2020. Reuters
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 1.05% to 27,772.19 Index Points and N14.464Tr respectively. Year-to-Date ASI is still at a positive of 3.47%. · Number of trade, Volume of trade and Value of trade all decreased by 17.82%, 34.14% and…
China fiscal spending is one of the main drivers of Chinese Economy. China fiscal spending increased by 8.1% in 2019 while fiscal revenue increased by 3.8% in 2019. These led to growth in Chinese economy by 6.1% in 2019. Reuters
Global Economy –Rundown: United State labour data that was released for the month of January 2020, revealed a steady gains, which was indicated by the 53.06% growth in payrolls increase from the previous month rate that stood at 147,000 acceleration to the current month 225,000 payroll increase, this simply provides an empirical basis for…
Equities Market · The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.26% to 28,067.09 Index Points and N14.618Tr respectively. Year-to-Date ASI is still at a positive of 4.56%. · Number of trade and Volume of trade both decreased by 2.24% and 4.18% to 4243 and 303.933…
Us job growth is one of the main drivers of US economy. US unemployment rate remained low at 3.50% in January 2020 while the US economy grew by 2.3% in 2019. These leads to expectations of US economic growth by 2% in 2020. Reuters
Equities Market • The Nigerian Equity Bourse recorded an upward slide, as NSE ASI and Market capitalization both increased by 0.17% to 28,140.41 Index Points and N14.497Tr respectively. Year-to-Date ASI is still at a positive of 4.84%. • Number of trade, Volume of trade and Value of trade all decreased by 8.23%, 9.43% and 19.93%…
Tariffs are the main driver of US – China trade deal. China’s finance ministry announced that additional tariffs levied on some goods will be cut to 5% from 10% while others lowered to 2.5% from 5%. The objective is to abide by the trade deal and implement it to boost market confidence, push bilateral trade…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 1.19% to 28,093.76 Index Points and N14.471Tr respectively. Year-to-Date ASI is still at a positive of 4.66%. Volume of trade and Value of trade both increased by 37.41% and 40.73% to 350.208 Million and 4.284 Billion…
The private sector is one of the main drivers of the Euro-Area’s Economy. A composite Purchasing Managers’ Index rose to 51.3, the highest level since August 2019. These leads to expectations of the euro zone avoiding recession in 2020 while struggling to muster growth of 1%. Bloomberg
Nigeria FG plans to train about 50,000 agricultural extension agents to monitor, take stock, and document all assets of the Federal Ministry of Agriculture and Rural Development nationwide. Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Dr. Abdulkadir Mu`azu, has directed all departments and units in the ministry to align their activities to agriculture-specific…
US & Nigeria have entered into an Asset Recovery Agreement to repatriate over $308 million of forfeited assets to Nigeria. Nigeria’s Attorney General and Minister of Justice, Mr. Abubakar Malami, who signed on behalf of the Nigerian government, noted that the agreement had, “culminated in a major victory, for Nigeria. Thisday
Debt is one of the Main drivers of Nigerian Economy. The 8th National assembly has approved about $6BN out of $29.96BN loan with $22.8BN outstanding. This is to be funded with about $17BN loan from China-Exim Bank which will be channelled to the funding of Infrastructure, which will enhance the productivity of Nigerian economy. Punch
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.35% to 28,423.27 Index Points and N14.645Tr respectively. Year-to-Date ASI is still at a positive of 5.92%. Number of trade and Volume of trade both increased by 9.41% and 1.30% to 5199 and 254.860 Million while…
Producer prices are one of the main drivers of Europe’s Economy. Eurozone headline inflation increased to 1.4% in January 2020, while the slowdown in industry deflation declined by 4.0% in December caused by a less prominent fall in Energy prices. Reuters
Global Economy –Rundown: The United State Federal Reserve left its key lending rate within the corridors of 1.50%-1.75%, while it upheld that at the current rate the Country’s economic expansion would be sustained, citing the strong job market and inflation rate clinching to the Federal Reserve rate of 2%. The Fed in agreeing to cap…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 1.08% to 28,533.40 Index Points and N14.697Tr respectively. Year-to-Date ASI is still at a positive of 6.30%. Volume of trade and Value of trade both decreased by 27.83% and 25.07% to 251.592 Million and N3.152 Billion…
Interest rates are one of the main drivers of Chinese Economy. China’s Central bank injected 150 billion Yuan ($21.4 billion) using 7-day and 14-day reverse repurchase agreements while decreasing both 7-day & 14-day reverse repurchase agreements interest rates by 10 basis points. These should reduce the negative effect of spreading the Coronavirus. Bloomberg
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.27% to 29,030.93 Index Points and N14.954Tr respectively. Year-to-Date ASI is still at a positive of 8.15%. Number of trade, Volume of trade and Value of trade all increased by 24.04%, 13.06% and 98.09% to 4411,…
Impact investment is one of the main drivers of Nigerian Economy. Nigeria recorded $4.7 billion inflow of impact investment from 2015 to date while the size of Ghana’s impact investment market is $1.2billion since 2015. This has led to positive impact on the Nigerian people and the environment while delivering goods that will contribute in…
Debt is one of the main drivers of Nigeria Economy. The total debt owed to the World Bank Group by Nigeria rose by $1.3bn in one year to $9.81bn while the total public debt rose to N26.22Tn as of September 2019. The debt office said new domestic borrowings this year (N1.59tn) would be raised through…
Central Bank of Nigeria (CBN) policies is one of the main drivers of Nigerian financial system. CBN policy makers increased the Cash Reserve Ratio (CRR) to 27.5% while maintaining the Monetary Policy Rate (MPR) at 13.5%. These should reduce the amount of money available for banks to lend, essentially pressuring liquidity with a goal of…
US Benchmark interest rate is one of the main drivers of US economy. US Federal Reserve maintained its benchmark overnight lending rate in the range of between 1.50% and 1.75% while raising interest rate paid to banks for excess reserves to 1.60%. These should lead to continued growth of the US economy. Reuters
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.91% to 29,110.90 Index Points and N13.227Tr respectively. Year-to-Date ASI is still at a positive of 8.45%. Number of trade, Volume of trade and Value of trade all decreased by 22.03%, 3.26% and 4.91% to 3556,…
US Benchmark interest rate is one of the main drivers of US economy. US federal reserve kept its target policy rate in the range of 1.50% and 1.75% while maintain economic growth expectations at about 2%. These led to continued growth of the US economy. Reuters
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.59% to 29,378.63 Index Points and N15.133Tr respectively. Year-to-Date ASI is still at a positive of 9.45%. Number of trade and Value of trade both increased by 5.92% and 44.18% to 4561 and N4.829 Billion respectively…
Global Economy –Rundown: The European Central Bank held its deposit rate constant at (0.5%), as marginal lending facility and refinancing rate both remained constant respectively, at 0.25% and 0% by a unanimously Governing Council vote in its initial rate decision for the year, while the Bank Chair reaffirmed that the council will be holding the…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.26% to 29,552.99 Index Points and N15.223Tr respectively. Year-to-Date ASI is still at a positive of 10.10%. Number of trade and Volume of trade both increased by 11.79% and 140.59% to 4306 and 444.038 Million respectively…
Germany’s Economic growth is one of the main drivers of the Europe’s Economy. The German government has revised its estimate for this year’s economic growth from 1.0% to 1.1%. Germany narrowly dodged recession in 2019 and started 2020 slowly. Reuters
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.45% to 29,591.29 Index Points and N15.242Tr respectively. Year-to-Date ASI is still at a positive of 10.24%. Number of trade and Volume of trade both decreased by 33.63% and 37.62% to 2915 and 196.929 Million respectively…
Inflation is one of the main drivers of European Union’s Economy. Inflation rate target has remained stable below 2% since 2003 while deposit rate is expected to stay at minus 0.5%. These drives the Expectation that Euro-Zone GDP growth will slow slightly to 1.1% in 2020 from 1.2% in 2019 then increase in 2021. Bloomberg
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.02% to 29,458.21 Index Points and N15.174Tr respectively. Year-to-Date ASI is still at a positive of 9.75%. Number of trade and Value of trade both decreased by 11.18% and 1.97% to 4392 and N3.64 Billion respectively…
Canada’s benchmark interest rates are one of the main drivers of Canada’s Economy. Canada annual inflation rate remained stable at 2.2% while the wholesale trade fell by 1.2% in November 2019. These drives the Expectation that Bank of Canada holds its benchmark Interest rate at 1.75%. Reuters
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.83% to 29,462.76 Index Points and N15.176Tr respectively. Year-to-Date ASI is still at a positive of 9.76%. Number of trade and Value of trade both decreased by 2.12% and 11.26% to 4945 and N3.713 Billion respectively…
The Bank of Japan (BOJ) policies are one of the main drivers of Japan’s Economy. BOJ kept its short term inflation target at -0.1% while pledging to guide 10-year government bond yields around 0%. These are driven by the revision of growth for 2020 from 0.9% to 0.7%. Reuters
Global Economy –Rundown: Details of the ratified US China phase one trade resolution revealed that, China has pledged to purchase additional $200 Billion of US goods and services over the next two years and United States compensating side of the deal would be the reduction of tariffs to 7.5% from 15% on imported Chinese products…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.31% to 29,710.56 Index Points and N15.304Tr respectively. Year-to-Date ASI is still at a positive of 10.69%. Number of trade and Value of trade both increased by 21.01% and 17.70% to 5052 and N4.184 Billion respectively…
The European Central Bank (ECB) policies are one of the main drivers of European Union Economy. ECB has kept inflation target below 2% since 2003 while Sweden’s Central Bank (Riksbank) has increased from its negative interest rate to 0%. These are driven by the ECB estimate of 10% rise in Oil price having a negative…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.91% to 29,618.52 Index Points and N15.256Tr respectively. Year-to-Date ASI is still at a positive of 10.34%. Number of trade, Volume of trade and Value of trade all decreased by 10.29%, 16.06% and 29.16% to 4175,…
US – China trade is one of the main drivers of China’s Economy. China’s growth decreased to 6.1% in 2019 from 6.6% in 2019 due to the Us –China Trade war while Industrial output, retail sales and Fixed-asset investment increased in 2019. China’s growth is expected to remain steady in 2020 due to the signing…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 1.00% to 29,352.13 Index Points and N15.142Tr respectively. Year-to-Date ASI is still at a positive of 9.35%. Number of trade, Volume of trade and Value of trade all increased by 7.11%, 7.52% and 77.01% to 4654,…
US – China trade talk is one of the main drivers of US and China Economy. The trade deal is expected to add 0.5% point to US GDP in both 2020 and 2021 while halving tariff rate to 7.5% on about $120 billion worth of Chinese goods. Reuters
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.75% to 29,062.50 Index Points and N14.992Tr respectively. Year-to-Date ASI is still at a positive of 8.27%. Number of trade, Volume of trade and Value of trade all decreased by 23.92%, 46.00%, 56.49% to 4345, 360.076…
US producer prices is one of the main drivers of US economy. US producer price index increased by 1.3% in December 2019 while labor market slack dropped to 6.7%. These led to strong readings in December 2019 consumer inflation report. Reuters
Equities Market The Nigerian Equity Bourse recorded a downward swing, as NSE ASI and Market capitalization both decreased by 1.18% to 29,283.15 Index Points and N15.106Tr respectively. Year-to-Date ASI is still at a positive of 09%. Number of trade and Volume of trade both increased by 6.21% and 91.47% to 5711 and 666.783 Million while…
Global Economy –Rundown: The world Economic outlook for 2020, is pegged at a growth rate of 2.5%, amidst persisting weakness trailing investment and trading activity globally, while advanced economies growth for the year is estimated at 1.4%, this projection hinge on the continued flagging manufacturing data. Growth estimate for emerging market and developing economies is…
US consumer prices is one of the main drivers of US economy. US consumer price index increased by 0.2% in December 2019 while unemployment rate remained low at 3.5%. These led to increase in annual wage growth below 3% in December 2019. Reuters
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.07% to 29,415.39 Index Points and N15.175Tr respectively. Year-to-Date ASI is still at a positive of 9.59%. Number of trade, Volume of trade and Value of trade all decreased by 21.78%, 59.47% and 35.32% to 5189,…
US job growth is one of the main drivers of US economy. US economy grew by 2.1% in third quarter 2019, while it grew by nearly 3% in third quarter 2018. US economy is expected to grow by 2.3% at the end of 2019 due to the low unemployment rate of 3.5% in December 2019.…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 2.92% to 29,395.57 Index Points and N15.164Tr respectively. Year-to-Date ASI is still at a positive of 9.51%. No of trade, Volume of trade and Value of trade all decreased by 12.96%, 6.56% and 19.22% to 6634…
UK Benchmark Interest rates are one of the main drivers of UK economy. A few policymakers on the Bank of England (BoE) interest rate-setting committee voted to decrease interest rates to 0.5% from 0.75% due to the current weak growth in UK’s economy. There is a chance that the bank of England will reduce its’…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 3.54% to 28,562.48 Index Points and N13.787Tr respectively. Year-to-Date ASI is still at a positive of 41%. No of trade, Volume of trade and Value of trade all increased by 33.09%, 66.18% and 58.36% to 7622…
US Trade balance is one of the main drivers of US economy. US trade deficit decreased by 8.2% to $43.1 billion in November 2019, while the US economy grew by 2.1% in 2019 third quarter. US trade is expected to boost US GDP growth in 2019 fourth quarter due to Increase in exports and decrease…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.90% to 27,586.93 Index Points and N13.316Tr respectively. Year-to-Date ASI is still at a positive of 77%. No of trade and Volume of trade both decreased by 0.99% and 14.23% to 5727 No of trade and…
Inflation is one of the main drivers of Thailand financial system. Thailand’s central bank left its benchmark interest rate at 1.25%, but reduced inflation forecasts and growth to 0.8% and 2.8% respectively. Reuters
Global Economy –Rundown: The United State and China phase 1 trade resolution is expected to be signed in the coming weeks, while the trade path is said to be at the translation stage, while prominent area of the trade dispute that focus on Intellectual Property, Technology transfers and Perceived Currency Manipulation, were covered in the…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 1.38% to 27,339.68 Index Points and N13.199Tr respectively. Year-to-Date ASI is now at a positive of 85%. No of trade and Volume of trade both decreased by 4.73% and 14.52% to 5784 No of trade and…
Repurchase agreement (repos) is one of the main drivers of the US Financial System. The cost of some overnight loans increased to 10%, more than four times the benchmark rate in 2019. This has led to Injections of billions of dollar into repo market by the US Federal Reserve Bank to boost liquidity which is…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.38% to 26,968.79 Index Points and N13.020Tr respectively. Year-to-Date ASI is now at a positive of 0.47%. No of trade and Volume of trade both increased by 91.03% and 130.54% to 6071 No of trade and…
Inflation is one of the main drivers of Chinese Economy. China’s consumer price index (CPI) increased to 4.5% in November 2019 while China’s third quarter growth reduced to 6%. These can lead china to set its’ economic growth target to around 6% for year 2020 and retain Inflation target at 3%. Reuters
Repurchase agreement (repo) is one of the main drivers of US financial System. Interest rates in U.S. money markets increased to 10% for some overnight loans, while the US benchmark overnight rate is currently set in a range of 1.5% to 1.75%. A reduction in US bank reserves held at the US Central bank is…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.22% to 26,526.35 Index Points and N12.804Tr respectively. Year-to-Date ASI is still at a Negative of 60%. No of trade and Volume of trade both increased by 9.63% and 12.29% to 2,949 No of trade and…
Construction output, Services and Goods exports are part of the main drivers of UK economy. UK goods exports, services and construction increase has reduced Britain’s current account deficit to 15.860 billion pounds in the third quarter of 2019 from 24.152 billion pounds in the second quarter of 2019. These led to growth in UK economy…
Nigerian budget deficit is N2.175 trillion for the year 2020 representing 1.52 per cent of the Gross Domestic Product (GDP). Budget deficit is to be financed mainly by borrowings from domestic sources put at N744.99 billion, foreign sources put at N850 billion and multi-lateral/bi-lateral loan draw-downs put at N328.13 billion respectively. In aggregate, 44 percent…
Electric Power is one of the main drivers of the Nigerian Economy. A Special Task Force Committee on Electric Power Sector was inaugurated on Thursday with objective to help with developing, planning and driving forward, the reform plan for the Nigerian Power Sector within its tenure of two years. ThisDay
Revenues from Companies Income Tax, Value Added Tax, import duty, royalties; Petroleum Profit Tax all decreased drastically which are parts of the main sources of statutory revenue. These led the Federation Account Allocation to the three tiers of government as revenue to reduce by N66.23bn to N635.82bn in November 2019. Punch
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.30% to 26,584.45 Index Points and N12.83Tr respectively. Year-to-Date ASI is still at a Negative of 42%. No of trade and Value of trade both decreased by 4.98%, and 1.18% to 2,690 No of trade and…
European Central bank (ECB) and Sweden’s central bank (Riksbank) Benchmark rates are part of the main drivers of Euro zone bond yields. Riksbank raised its benchmark repo rate by a quarter point to zero (0) while ECB cut its deposit rate by 10 basis points to -0.5% in September. These led to Germany’s (the Eurozone’s…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.02% to 26,665.73 IndexPoints and N12.87 Tr respectively. Year-to-Date ASI is still at a Negative of 16%. No of trade, Volume of trade and Value of trade all decreased by 15.69%, 29.90% and 33.35% to 2,831…
Domestic Economy –Rundown: According to the Banking sectors data for quarter 3 of 2019, revealed that the aggregate credit disburse to the private sector sum-up to N16.251trillion, which represent a 7.39% growth on a quarter on quarter basis, according to sector allocation, the Oil & Gas and Manufacturing of the industry sector were the largest…
Euro zone yields steady after falling on renewed Brexit jitters US –CHINA trade talks and Brexit are part of the main drivers Euro zone bond yields. Britain has set a hard deadline of December 2020 to reach a new trade deal with the European Union while the Euro zone economy is anticipating an agreement on…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.13% to 26,660.44 IndexPoints and N12.868 Tr respectively. Year-to-Date ASI is still at a Negative of 18%. No of trade, Volume of trade and Value of trade all increased by 24.37%, 94.64% and 133.14% to 3,358…
Energy trade is one of the main drivers of the European Union (EU) trade balance. The EU exports increased by 4.1% and imports decreased by 3.2% leading to EU trade surplus rising to 28.0 billion Euros ($30.9 billion) in October 2019 from 13.2 billion in October 2018. The EU Energy imports reduced by 7.7% between…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.60% to 26,695.18 IndexPoints and N12.884 Tr respectively. Year-to-Date ASI is still at a Negative of 07%. Volume and Value of trade both increased by 9.77% and 43.21% to 170.524 Million Volume of trade and N2.051…
US – CHINA trade talks & BREXIT are one of the main drivers of foreign exchange (FOREX) market. The volume of FOREX traded daily declined by 4.2% in November 2019 to $1.61 trillion from $1.68 trillion as at November 2019 while declining by 10% when compared with October 2019. FOREX volumes have been rising in…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.13% to 26,536.21 IndexPoints and N12.808 Tr respectively. Year-to-Date ASI is still at a Negative of 57%. Volume and Value of trade both decreased by 51.41% and 53.40% to 155.347 Million Volume of trade and N1.432…
UACN Cost Impediment a drag on Firms Profitability strive UACN is the second market player in the conglomerate sector of the NSE classification a position ascribed to the firm on the basis of its Total Asset and Equity as at 31st December, 2018 (Total Asset :Transcorp-68% & UACN-28% & Equities: Transcorp-56% & UACN -40%). Although…
US Consumer spending is one of the main drivers of US economy. US Retail sales increased by 0.2% in November 2019, Compared to November 2018, retail sales increased 3.3%. Consumer spending, which accounts for more than two-thirds of U.S. economy, grew at a 2.9% annualized rate in the 3rd quarter of 2019, while unemployment rate…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.51% to 26,569.80 IndexPoints and N12.824 Tr respectively. Year-to-Date ASI is still at a Negative of 46%. Volume and Value of trade both increased by 77.38% and 1.58% to 319.694 Million Volume of trade and N3.072…
US Benchmark overnight lending rate is one of the main drivers of Liquidity in the US short term funding market. Interest rates in the overnight repurchase agreement (repo) market increased to 10%, in September 2019 which was over four times the benchmark overnight lending rate. US has made efforts to boost liquidity in cash lending…
Equities Market The Nigerian Equity Bourse Closed in the positive territory, as NSE ASI and Market capitalization both increased by 0.19% to 26,434.00 Index Points and N12.758 Billion respectively. Year-to-Date ASI is still at a Negative of 15.90%. Value of trade, Volume of trade and No of trades all declined by 14.83%, 8.18% and 6.41%…
US Benchmark Monetary policy rate is one of the main drivers of the US economy. US Federal Reserve policy committee is expected to leave its benchmark rate unchanged at a level between 1.5% and 1.75% at the end of today’s two-day policy meeting. Policymakers agree that a very low US unemployment rate of 3.5% is…
DAILY FINANCIAL MARKET UPDATE Tuesday December 10th, 2019 Equities Market The Nigerian Equity Bourse Closed in the negative territory, as NSE ASI and Market capitalization both reduced by 1.11% to 26,384.21 Index Points and N12.734 Billion respectively. Year-to-Date ASI is at a Negative of 16.06%. Value of trade and Volume of trade increased by 0.10%…
Benchmark 10 year yields is one of the main drivers of Japan bond futures. The 10-year yield has risen about 8 basis points so far which turned 0 from being negative since March 2019 while Japanese bond futures have fallen to the lowest since one year and are down over 2% from highest in late…
Equities Market The Nigerian Equity Bourse maintained its downward trend, as NSE ASI and Market capitalization both closed southwards at 0.09% to 26,913.70 Index Points and N12.989Billion respectively. Year-to-Date ASI is at a Negative of 14.37%. Volume, Value and No. of trades all appreciated by 83.60%, 164.16% and 26.34% to N207.260Million Volume of trade ,…
Equities Market The Nigerian Equity Bourse continued on decline, however at a lower rate, as NSE ASI and Market capitalization both closed southwards at 0.02% to 26,938.58 Index Points and N13.002Billion respectively. Year-to-Date ASI is at a Negative of 14.29%. Volume, Value and No. of trades all declined by 40.27%, 62.64% and 8.24% to N112.886Million…
Equities Market The Nigerian Equity Bourse closed on a Negative note, as NSE ASI and Market capitalization both closed southwards at 0.17% to 26,944.32 Index Points and N13.005Billion respectively. Year-to-Date ASI is at a Negative of 14.27%. Value and No. of trades both increased by 18.30% and 7.15% to N2.883Billion and 3,314 No. of deals…
Equities Market The Nigerian Equity Bourse closed on a Negative note, as NSE ASI and Market capitalization both closed southwards at 0.04% to 26,990.59 Index Points and N13.027Billion respectively. Year-to-Date ASI is at a Negative of 14.13%. Value and No. of trades both decreased by 33.40% and 4.71% to N2.437Billion and 3,093 No. of deals…
Equities Market The Nigerian Equity Bourse inched higher further from previous day upswing, as NSE ASI and Market capitalization both inched higher by 0.66% to 27,002.15 Index Points and N13.033Billion respectively. Year-to-Date ASI is at a Negative of 14.09%. Value and No. of trades both increased by 112.73% and 3.01% to N3.659Billion and 3,246 No.…
Us-China trade war is one of the main drivers of the China’s Economy Slow down which is leading to increasing default by Chinese companies in 2020. Moody’s credit rating agency expects 40-50 new defaults in 2020, compared with 35 in 2019 and total value of defaults in 2020 to be below 200 billion yuan ($28…
According to Wartsila’s Managing Director i.e. Wale Yusuff , Nigeria would see a rise in demand for renewable energy by 2030 creating a landscape for power plants to operate which means the federal government needs to formulate the right policies and business environment to attract both local and foreign investments to bridge its energy needs.…
Transmission Company of Nigeria (TCN) said African Development Bank (AfDB) has approved $210m (N64.26bn at the official exchange rate of N306 to $1) for power projects across Nigeria. The transmission company said the fund would be used for rehabilitating and expanding parts of the transmission grid in the North-West, South-South and the South-East. punch
Equities Market The Nigerian Equity Bourse Closed in the positive territory, as NSE ASI and Market capitalization both inched higher by 0.13% to 26,824.50 Index Points and N12.946Billion respectively. Year-to-Date ASI is at a Negative of 14.65%. Volume and Value of trade both increased by 60.02%, 15.90% to N303.822Million volume, N1.720Billion, while No of trades…
Equities Market The Nigerian Equity Bourse Continued with its downward slide, as NSE ASI and Market capitalization both decreased by 0.35% to 26,790.10 Index Points and N12.930Billion respectively. Year-to-Date ASI is at a Negative of 14.76%. Volume, Value of trade and No of deals all decreased by 9.58%, 52.18% and 16.44% to N189.860Million volume, N1.484Billion…
Equities Market The Nigerian Equity Bourse reversed from the previous day’s trend, as NSE ASI and Market capitalization both decreased by 0.56% to 26,883.33 Index Points and N12.975Billion respectively. Year-to-Date ASI is at a Negative of 14.47%. Volume, Value of trade and No of deals all decreased by 8.97%, 3.26% and 4.07% to N209.974Million volume,…
Domestic Economy –Rundown: The Nation’s GDP for Q3 grew to 2.28% The Nation’s GDP for the third quarter of 2019, stood at 2.28%, as against second quarter of 2019 reported GDP that stood at 1.94%, while for the same Q2 revised growth stood at a GDP of 2.12%. The growth for the period under review…
The optimism over the U.S/China trade talks have remained the key driver following positive headlines from the world’s two largest economies and global market in recent days, as world stocks hit its highest in almost two years on Tuesday, following positive signs that the two nations were working to end a bitter trade war that…
The African Export-Import Bank (AFREXIMBANK), devoted to financing and promoting intra and extra-African trade, owned by African governments, private and institutional investors, and non-African investors, with Nigeria as a major stakeholder, has disbursed $15 billion out of the $25 billion it committed in support of the implementation of the African Continental Free Trade Agreement (AfCFTA).…
The Securities and Exchange Commission (SEC), through its Acting Director-General, Mary Uduk, has said, during the third Capital Market Committee (CMC) Meeting that the commission has suspended the regularisation deadline for shareholders that opened accounts for the purchase of shares with different names, as this would enable other shareholders that are having challenges with their…
The Nigerian Bureau of Statistics (NBS) in a statement released on Monday said that, between January and September this year, the Nigerian economy attracted a total of $19.67bn worth of investments, and the said investments were from various sources. They are Foreign Direct Investment (FDI), which is made up of equity; portfolio investment made up…
Equities Market • The Nigerian Equity Bourse continued with its bullish run at the end of today’s trading activities, as NSE ASI and Market capitalization both increased by 0.16% to 27,035.78 Index Points and N13,048Billion respectively. Year-to-Date ASI is still at a Negative of 13.98%. • Volume, Value of trade and No of deals all…
It was reported by a Chinese tabloid on Monday, that China and the U.S were ‘very close’ to an initial trade agreement after both presidents reiterated their desire for a deal. European shares rose on Monday following reports on the deal between LVMH and Tiffany & CO. French luxury goods group, LVMH (LVMH.PA) rose 1.7%…
A new wave of asset divestment by some International Oil Companies (IOCs) is brewing at a time when the country is seeking more investments in the oil and gas industry. In a report made earlier this year, it was said that ExxonMobil had held talks on the sale of a suite of oil and gas…
The Securities and Exchange Commission (SEC) has made a move to end the use of banker’s confirmation form in processing e-dividend registration. The move was aimed at reducing the huge number of unclaimed dividends at the nation’s capital market which is currently put at N103 billion as at December 2017, as well as increasing the…
Equities Market The Nigerian Equity Bourse continued with an upward swing at today’s trading activity as NSE ASI and Market capitalization both increased by 0.14% to 26,776.15 Index Points and N12,923.98 Billion respectively. Year-to-Date ASI is still at a Negative of 14.81%. Volume, Value of trade and No of deals all declined by 32.21%, 53.34%…
Equities Market The Nigerian Equity Bourse recorded a positive rally from previous day market slide, as NSE ASI and Market capitalization both increased by 0.18% to 26,739.44 Index Points and N12,905.86Billion respectively. Year-to-Date ASI is still at a Negative of 14.93%. Both Volume of trade and Value of trade increased by 28.05% and 157.48% to…
Equities Market The Nigerian Equity Bourse recorded a downward swing, as NSE ASI and Market capitalization both decreased by -0.60% to 26,691.09 Index Points and N12,882.52 Billion respectively. Year-to-Date ASI is still at a Negative of 15.08%. No of trade, Volume of trade and Value of trade all reduced by 17.61%, 34.47% and 54.56% to…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 1.84% to 26,843.11 Index Points and N13,067.11 Billion respectively. Year-to-Date ASI is still at a Negative of 14.60%. Both No of trade and Volume of trade increased by 27.73% and 34% to 6,426 No of trade…
Global Economy –Rundown: The global economy for the week ended witnessed some weighty momentous that spread around the global equities frontiers, crude market and economic data release from both china and United State. A positive moment was recorded on the global equity barometer being measured by the Morgan Stanley composite index that inched higher by…
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.25% to 26,310.77 Index Points and N12, 807.97 Tr respectively. Year-to-Date ASI is still at a Negative of 16.29%. Volume and Value of trade both decreased by 41.45%, and 34.54% to 156.849 Volume of trade and…
Equities Market The Nigerian Equity Bourse reserved from previous day upward swing, as NSE ASI and Market capitalization both decreased by 0.53% to 26,244.39 Index Points and N12,775.65 Tr respectively. Year-to-Date ASI is still at a Negative of %. Volume and No of trade both decreased by 44.87%, and 23.15% to 267.898 Volume of trade…
ECONOMY-RUNDOWN FIRS Generated N4Trillion Year to Date For 2019 Fiscal Year: The Federal Inland Revenue Service reported that from January to September 2019, it agency has collected the sum for N4.01trillion, from eligible willing taxpayer, compared to N3.94billion collected within the same period for the previous year, which indicated a marginal growth of 1.78%. The…
Equities Market The Nigerian Equity Bourse continued with in the negative region, as NSE ASI and Market capitalization both decreased by 0.15% to 26,357.24 Index Points and N12,830.59Tr respectively. Year-to-Date ASI is still at a Negative of 16.14%. Volume and No of trade both increased by 54.41%, and 5.32% to 449.240 Volume of trade and…
Equities Market The Nigerian Equity Bourse at the end of today’s trading reversed from previous days decline, as NSE ASI and Market capitalization both increase by 0.12% to 26,397.94 Index Points and N12,850.40Tr respectively. Year-to-Date ASI is still at a Negative of 16.01%. Volume, Value of trades and No of deals all decreased to 58.08%,…
ECONOMY Inflation for September rose to 11.24% Consumer Price Index for the month of September 2019 increased to 11.24%, while previous month inflation rate stood at 11.02%, the monthly change stood at 2%. The food sub-index of the consumer index increased to 13.51% compared to 13.17% posted in the previous month and the Core Inflation…
Equities Market The Nigerian Equity Bourse closed in the negative territory as NSE ASI and Market capitalization both decline by 0.09% to 26,390.08IndexPoints and N12,846.58Tr respectively. Year-to-Date ASI is still at a Negative of 16.04%. Volume, Value of trades and No of deals all increased by 182.29%, 474.74% and 10.58% to 694.020, Volume N7,827.22 Value…
Equities Market The Nigerian Equity Bourse closed on a bearish note as NSE ASI and Market capitalization both decline by 0.22% to 26,390.08IndexPoints and N12,846.58Tr respectively. Year-to-Date ASI is still at a Negative of 16.04%. Volume, Value of trades and No of deals all decreased by 20.84%, 72.76% and 7.74% to 245.853, Volume N1,361.84 Value…
Equities Market The Nigerian Equity Bourse negative slide persisted as NSE ASI and Market capitalization both decline by 0.03% to 26,448.62IndexPoints and N12,875.07Tr respectively. Year-to-Date ASI is still at a Negative of 15.85%. Volume, Value of trades and No of deals all Increased by 115.54% ,72.54% and 16.11% to 310.561, Volume N4,998.89 Value traded and…
Equities Market The Nigerian Equity Bourse trended bearish as NSE ASI and Market capitalization both decline by 0.06% to 26,456.29IndexPoints and N12,878.81 Tr respectively. Year-to-Date ASI is still at a Negative of 15.38%. Value of trades and No of deals both declined by 20.43% and 5.63% to N2,897.17 Value traded, 2,347 No of Trades, while…
Guaranty Trust Bank Quarter 3, 2019 Report Sanpshot; Gross Earnings Deep by 3.28% Revenue for Q3, decline by 5.28% Credit Impairment Charges Inched Higher By 59.01% OPEX Decline by 2.73% PAT inched higher by 3.53% Read More:
Equities Market The Nigerian Equity Bourse closed further south as NSE ASI and Market capitalization both decline by 0.16% to 26,472.20 Index Points and N12,886.55 Tr respectively. Year-to-Date ASI is still at a Negative of 15.78%. Value of trades and No of deals both increased by 57.07% and 0.12% to N3,604.90 Volume traded, 2,487 No…
Equities Market The Nigerian Equity Bourse reversed from previous day gain as NSE ASI and Market capitalization both decline by 0.16% to 26,513.65Index Points and N12,906.73Tr respectively. Year-to-Date ASI is still at a Negative of 64%. Value of trades and No of deals both decreased by 15.47% and 4.28% to N2,317.97 Volume traded, 2,484 No…
States IGR for H1, 2019 Rose By 15.78% The half year Internally Generated Revenue for the 36 states and FCT, sum up to N691.11bn, while 31 states and FCT recorded IGR growth as against 5 states who recorded decline in their IGR. The 2019 H1, IGR compared to 2018 H2 IGR, indicates 15.78% growth, as…
Equities Market The Nigerian Equity Bourse bearish trend continued as NSE ASI and Market capitalization both decline further but at a slower pace by 0.06% to 26,583.75Index Points and N12,940.86Tr respectively. Year-to-Date ASI is still at a Negative of 15.42%. Volume and Value of trades but increased by 49.48%, 290.11% to 363.256 Volume traded, N19,016.55…
Equities Market The Nigerian Equity Bourse continued with a negative sentiment however at a slower pace as NSE ASI and Market capitalization both decline further by 0.21% to 26,809.92Index Points and N13,050.96Tr respectively. Year-to-Date ASI is still at a Negative of 14.70%. Volume, Value of trades and No of trades all increased by 22.56%, 68.66%…
ECONOMY ECONOMY STATES’ REVENUES RISE BY 46.11% TO N1.6TN Revenue generated from the state within the last two years (2016-2018) rose by 46.11% to N1.6tr from N800.02bn, this appreciation was attributed to improved government economic policies that resulted in expansion of the nation’s tax base from 10 million to 20 million national tax base, with…
Equities Market The Nigerian Equity Bourse decline continued as NSE ASI and Market capitalization both decline further by 0.45% to 26,866.41 Index Points and N13,078.45Tr respectively. Year-to-Date ASI is still at a Negative of 14.52%. Volume, Value of trades and No of trades all decline by 9.25%, 45.56% and 6.18% to 151.715 Volume traded, N1,504.25…
Equities Market The Nigerian Equity Bourse closed the week on a bearish trend as NSE ASI and Market capitalization both decline further by 0.36% to 26,987.45 Index Points and N13,137.38Tr respectively. Year-to-Date ASI is still at a Negative of 14.14%. Volume, Value of trades and No of trades all decline by 8.15%, 59.01% and 7.15%…
Equities Market The Nigerian Equity Bourse negative sentiment still persisted as NSE ASI and Market capitalization both decline further by 0.84% to 27,085.69 Index Points and N13,185.20Tr respectively. Year-to-Date ASI is still at a Negative of 13.82%. Volume, Value of trades and No of trades all decline by 13.78%, 1.85% and 18.20% to 151.198 Volume…
Equities Market The Nigerian Equity Bourse, continued on a bearish note as NSE ASI and Market capitalization both decline further by 1.14% to 27,314.87 Index Points and N13,296.76Tr respectively. Year-to-Date ASI is still at a Negative of 09%. Volume and Value of trades both decreased by 9.76% and 16.18% to 175.780 Volume traded and N2,568.88…
Equities Market The Nigerian Equity Bourse, ended the month on a bearish note as NSE ASI and Market capitalization both decline by 0.16% to 27,630.56 Index Points and N13,450.44Tr respectively. Year-to-Date ASI is still at a Negative of 09%. Volume and Value of trades both increased by 4.01% and 43.97% to 194.797 Volume traded and…
Equities Market The Nigerian Equity Bourse, continued with its previous days upward swing however at a slower pace, as NSE ASI and Market capitalization both appreciated by 0.35% to 27,675.04 Index Points and N13,472.09Tr respectively. Year-to-Date ASI is still at a Negative of 11.95%. Volume and No of Deals both increased by 2.08% and 14.21%…
Equities Market The Nigerian Equity Bourse, rebound from previous days negative slide, as NSE ASI and Market capitalization both appreciated by 1.09% to 27,579.85 Index Points and N13,425.75 Tr respectively. Year-to-Date ASI is still at a Negative of 12.25%. Volume, Value and No of Deals declined by 60.32%, 63.08% and 11.02% to 183.466 Volume traded,…
Equities Market The Nigerian Equity Bourse, maintained its negative sentiment, as NSE ASI and Market capitalization both declined by 0.25% to 27,283.05 Index Points and N13,281.27 Tr respectively. Year-to-Date ASI is still at a Negative of 13.20%. Volume and Value both increased by 200.14% and 180.51% to 462.315 Volume traded and N7,924.99 B, No of…
Equities Market The Nigerian Equity Bourse, continued with its downward slide, as NSE ASI and Market capitalization both declined by 1.08% to 27,352.24Index Points and N13,314.95Tr respectively. Year-to-Date ASI is still at a Negative of 12.98%. Volume and Value both increased by 40.59% and 218.09% to 154.034 Volume traded and N2,825.19B, No of trades declined…
Equities Market The Nigerian Equity Bourse, was engulfed by negative sentiment, as NSE ASI and Market capitalization both declined by 0.17% to 27,650.28Index Points and N13,460.04Tr respectively. Year-to-Date ASI is still at a Negative of 03%. Volume, Value and No of Deals all decline by 38.30%, 85.01% and 2.93% to 109.563 Volume traded N888.172M and…
Equities Market The Nigerian Equity Bourse, reversed from its previous day negative trend, as NSE ASI and Market capitalization both inched higher by 0.19% to 27,698.69Index Points and N13,483.60Tr respectively. Year-to-Date ASI is still at a Negative of 87%. Value and No of Deals both appreciated by 253.87%, and 0.99% to N5,924.60B and 3,484 units,…
Equities Market The Nigerian Equity Bourse, was engulfed by contraction disposition to the market, as NSE ASI and Market capitalization both decline by 0.13% to 27,646.15Index Points and N13,458.03Tr respectively. Year-to-Date ASI is still at a Negative of 04%. Volume, Value and No of Deals all declined by 35.33%, 68.69% and 12.06% to 245.436 Volume,…
Equities Market The Nigerian Equity Bourse, recorded it first appreciation for the trading week, as NSE ASI and Market capitalization both increase by 1.00% to 27,681.61 Index Points and N13,475.29Tr respectively. Year-to-Date ASI is still at a Negative of 93%. Volume, Value and No of Deals all inched higher by 91.64%, 84.45% and 2.43% to…
Equities Market The Nigerian Equity Bourse was on a negative slide as all market indicator closed in the Red region, NSE ASI and Market capitalization both declined by 0.61% to 27,407.04 Index Points and N13,341.63Tr. respectively. Year-to-Date ASI is still at a Negative of 80%. Volume, Value and No of Deals all declined by 26.99%,…
Equities Market The Nigerian Equity Bourse reversed from its previous week appreciation as the NSE ASI and Market capitalization both declined by 0.74% to 27,574.32 Index Points and N13,423.06 Tr. respectively. Year-to-Date ASI is still at a Negative of 27%. Volume, Value and No of Deals all appreciated by 64.05%, 10.87% and 46.64% to 271.237…
ECONOMY Nigeria’s Aggregate Trade Merchandise for Q2 increased by 4.4% Nigeria’s aggregate trade merchandise for the second quarter of 2019 stood at N8.603 Billion, which represent just a 4.4% quarter on quarter growth, while this represent a 24.2% growth on a yearly basis. The aggregate traded value for the period has 46.6% attributed to imports…
The country’s Consumer Price Index for the month of August decline to 11.02%, representing two month consecutive decline in the core inflation rate, while compared with the previous core inflation rate that stood at 11.08%, the inflation rate on month on month basis changed by 0.06 percent point lower. Read More
PZ CUSSONS 2019 FINANCIAL YEAR PERFORMANCE REVIEW Revenue: The firms revenue decline by 7.72% to ₦74.336 billion for its Full Financial Year report as at 31st May, 2019 as against ₦80.553 billion revenue uploaded for 2018 Financial year end, this decline in revenue was influenced by the decline of revenue from Home & Personal Care…
FIDELITY BANK 2019 HALF YEAR FINANCIAL PERFORMANCE REVIEW Gross Earnings: The Bank’s gross earnings for its half year report inched higher in double fold by 12.31% to N103.655Billion compared with the gross earnings of N92.295 Billion earned as at 30th June, 2018, this growth was driven by significant appreciation recorded on other operating income, as…
UNITED BANK FOR AFRICA 2019 HALF YEAR FINANCIAL PERFORMANCE REVIEW Gross Earnings: The Bank’s gross earnings as at 2019 half year report inched higher by 13.87% to N293.690Billion compared with the gross earnings of N257.918 Billion earned as at 30th June, 2018, this growth was driven by appreciation recorded on Interest Income, Fees & Commission…
FINANCIAL PERFORMANCE -REVIEW Gross Earnings: The Bank’s gross earnings for its half year report inched higher marginal by 2.77% to N117.374Billion compared with the gross earnings of N114.207 Billion earned as at 30th June, 2018, this growth was as a result of significant appreciation recorded on Trading Revenue and Other Revenue, as they both…
Forte Oil Plc through its Core Investor, Ignite Investments and Commodities Ltd makes a mandatory take-over offer of 500,000 (five hundred thousand) ordinary shares representing 0.04% equity stake to existing shareholders of Forte Oil Plc at N66.25. Shareholders who wish to accept the offer to sell part or all of their holdings in Forte…
Equities Market The Nigerian equity Bourse positive movement continued, however at a slower stride as NSE ASI and Market capitalization both increased by 0.62% to 27,800.17Index Points and N13,524.48Tr respectively. Year-to-Date ASI is still at a Negative of 55%. Volume and Deals both increased by 24.58% and 6.39% to 339.617Volume and 3,643Deals respectively, while No…
Gross Earnings: The Bank’s gross earnings for its half year report, recorded a decline of 2.06% for the period under review, which was N221.977Billion as at June, 2019 against N226.641Billion as at June 2018, factors influencing this decline was as a result of decrease recorded in the Bank’s Interest income that decline by 7.96%, as…
FINANCIAL PERFORMANCE -REVIEW Gross Earnings: The Bank’s gross earnings for its half year report inched higher by 2.91%, which was N331.586Billion as at June, 2019 against N322.201Billion as at June 2018, factors that contributed to this marginal appreciation were other income that inched higher by 23.86%, which consist of; net income on fees and commission…
Equities Market The Nigerian equity Bourse closed on a positive note as NSE ASI and Market capitalization both increased by 1.09% and 0.92% to 27,352.94 Index Points and N13,306.91Tr respectively. Year-to-Date ASI is still at a Negative of 97%. Volume and Value both increased by 73.63% and 39.54% to 363.973 Volume, and 4,515.79B respectively. While…
Equities Market The positive spur recorded on the Nigerian equity Bourse at yesterday’s trading activity did reverse during today’s trading session as NSE ASI and Market capitalization both decline by 0.21% to 27,058.62 Index Points and N13,186.21Tr respectively. Year-to-Date ASI is still at a Negative of 91%. Volume, Value and No of trades all declined…
Equities Market The Nigerian equity Bourse ended the trading week on a negative slide as NSE ASI and Market capitalization both decline by 0.47% to 26,925.29 Index Points and N13,121.24Tr respectively. Year-to-Date ASI is still at a Negative of 33%. Volume and No of trades both inched higher by 10.76% and 7.64% to 258.290 Volume…
Equities Market The Nigerian equity Bourse witnessed a faint decline in its trading activities as the NSE ASI and Market capitalization both decline by 0.11% and at the end of the trading day to 27,052.93 Index points and N13,183.44Tr respectively. Year-to-Date ASI is at a Negative of 93%. Value and No of trades both inched…
Equities Market The Nigerian equity Bourse commenced the trading week on a negative note as the NSE ASI and Market capitalization both declined marginally by 0.82% at the end of the trading day to 27,083.11Index points and N13,198.15Tr respectively. Year-to-Date ASI is at a Negative of 83%. Volume and No of trades both inched higher…
Gross Earnings: The Bank’s gross earnings for its half year report, recorded some marginal appreciation of 6.98%, as the 2019 half year figure stood at N89.786 billion, as against N83.925 billion recorded in 2018 half year report, this increase arose from Interest & Discount income and fees & commission income that both inched higher by…
Gross Earnings: The Bank’s gross earnings for its half year report, reflected a marginal decline of 0.48%, as the 2019 half figure stood at N285.316 billion, as against N286.702 billion recorded in 2018 half year report, this decline arose from the decline recorded in the following income line; Interest income, net gains from foreign exchange,…
Gross Earnings: The firms Gross earnings declined marginally by 1.44% from N173.310Billion to N170.812Billion, this was as a result of a 9.55% decline from Finance income that decline to N199 Million from N220 Million. Gross Operating Expenses: The firms gross operating expenses consist of Cost of Goods and other Operating Expense that recorded a…
Equities Market The Nigerian equity Bourse experienced a slight contraction at the end of today’s trading as the NSE ASI and Market capitalization both declined marginally by 0.43% to end the trading day at 27,306.81Index points and N13,307.16Tr respectively. Year-to-Date ASI is at a Negative of 13.12%. Volume and No of trades both inched higher…
Equities Market The Nigerian equity Bourse experienced a slight retreat from its bearish slide as the NSE ASI and Market capitalization both appreciated marginally by 0.05% to end the trading day at 27,424.92 Index points and N13, 364.72Tr respectively. Year-to-Date ASI is at a Negative of 74%. Volume, Value and No of trades all inched…
Equities Market The Nigerian equity market was subdue marginal as the equity front remain deprived of catalysts that could spur positive market reaction, as such both NSE ASI and Market capitalization declined by 0.42% to end the trading day at 27,412.13 Index points and N13,358.49Tr respectively. Year-to-Date ASI is at a Negative of 78%. Volume,…
Equities Market The Nigerian equities market was engulfed with negative sentiment that resulted in a marginal decline of 0.51% for both the NSE ASI and Market capitalization, as they ended the trading day at 27,527.4 points index and N13, 414.66 tr respectively. Year-to-Date ASI is at a Negative of 42%. Value and No of trades…
Equities Market The Nigerian equities market experienced a marginal appreciation in today’s trading activity as the NSE ASI and Market capitalization both inched higher marginally by 0.14% to 27,669.38points and N13, 483.85tr respectively. Year-to-Date ASI is at a Negative of 97%. Volume and No of trades both appreciated by 73.64%, 7.32% to 280.695 and 3,314…
In the just concluded MPC meeting, the following were the resolution reached by the Monetary Policy Committee Members; Monetary Policy Rate was retained at 13.5% Cash Reverse Ratio was retained at 22.5% Liquidity Ratio was retained at 30.0% Asymmetric window was retained within the corridor of+200 and -500 basis points around the MPR
As Bear Bites Harder, Opportunities that Lay Ahead June Global Market Round Up: The Global Equity markets in June, recorded a sharp rally, as the developed markets inched higher around 6.5%, while the global equity market returns for the first half of the year stood at 17%, however this return was fueled by rejuvenated…
Equities Market At the close of today’s trading session, the Nigerian equities Bourse continued with its mixed performance however at a slower rate as the NSE ASI and Market capitalization both appreciated marginally by 0.11% to 27,748.46points and N13,522.39tr respectively. Year-to-Date ASI is at a Negative of 71%. Volume, Value of trades and No of…
ECONOMY MPC Maintains MPR at 13.5% In the just concluded MPC meeting, the following were the resolution reached by the Monetary Policy Committee Members; Monetary Policy Rate was retained at 13.5%, Cash Reverse Ratio was retained at 22.5%, Liquidity Ratio was retained at 30.0% and asymmetric window was retained within the corridor of+200 and -500…
In the just concluded MPC meeting, the following were the resolution reached by the Monetary Policy Committee_ Read more
The consumer Price Index for the month of June 2019, decline to 11.22% from 11.40% recorded for the month of May, 2019, this represent a 1.58% decline, also the Food Index for the month also decline by 1.67% from 13.79% recorded in the previous month of May, 2019 to 13.56% for the current month, this was possible given the slower pace of increase in prices of consumer goods for the current period.