August 11, 2020/Cordros Report EQUITIES The domestic bourse sustained losses today, following profit-taking in DANGCEM (-4.1%). The NSE ASI declined by 0.6% to 24,883.70 points – the largest decline since falling by 0.9% on July 6, 2020. Consequently, the Month-to-Date gain moderated to +0.8% while the Year-to-Date loss increased to […]
Updates
US Economy to Contract -6.6% in 2020-IMF
August 10, 2020/IMF The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the United States. The economic outlook has shifted dramatically with the rapid spread of COVID-19. 135,000 Americans have tragically lost their lives and many more have become seriously ill. The sudden-stop […]
Daily Market Update for August 10, 2020-Cordros
August 10, 2020/Cordros Report EQUITIES Trading in the local bourse opened the week with weak sentiments, as investors sold down BUACEMENT (-1.39%) and some banking stocks. Thus, the benchmark index declined by 0.1% to 25,027.61 points – the first decline in seven consecutive trading sessions. Consequently, the Month-to-Date gain moderated […]
