Europe, US Markets Dip as Nigeria's All Share Index Records a Marginal Uptick


Monday, September 21, 2020 / 05:53 PM / Proshare Research / Header Image Credit: Ecographics         


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Markets in Europe, America and Asia all slumped to lowest level on Monday Sept 21st, 2020. According to an article earlier published today by Market Watch, shares of Europe top banks dropped  after the publication of an investigative report alleging that they kept doing business with customers suspected of money laundering and other wrongdoing.


As of 4:25pm Nigerian time, indices of majority of the top global exchanges were trading negative while Nigeria's All Share Index closed positive with a marginal growth of +0.01%. The uptick recorded in the Nigerian Market is a reflection of the effect of the Big CAPs stocks on the Nigerian Equities Market as market breadth actually closed negative at the close of trading despite the positive position of the ASI.


Chinese market indices were trading positive as at the time of filing this report, SSE Composite Index and SSE 180 Index had grown by +0.08% and +0.03% respectively as at 4:25pm on Monday.


Major Exchanges such as Dow Jones (USA), Hang Seng (Hong Kong), DAX(Germany), Nasdaq (USA), S&P 500(USA), Swiss Market Index (Switzerland), NIFTY were all trading negative as at the time of writing this report.


Japan's Nikkei 225, South Korea's KS11, Italy's MIBTel and Argentina's MerVal all remained flat. (See Table 1)


Table 1: Global Index

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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