Equities: Investors take profit, ASI 10bps lower on Thursday

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The All Share Index (ASI) snapped a six-day gaining streak to ease by 10bps to 25,304.25 points on Thursday as investors took profit on DANGCEM (-0.59%), ACCESS(-2.34%), and ZENITH (-0.59%).

Equities, Equities Market
Consequently, YTD moderated to -5.73%, while WTD, MTD and QTD declined to +0.33%, +2.47%, and +3.37% respectively.

Investors lost N13.48 billion as market capitalization declined to N13.20 trillion. Volume traded rose 39.04% and a total of 251.3 million units of equities were traded in 2,954 deals worth N1.579 billion.

The top active stocks were UACN (111.87 million units), UBA (24.96 million units), FBNH (20.90 million units), ACCESS (13.93 million units) and TRANSCORP (7.91 million units).

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By value, the top stocks were UACN (N643.19 million), UBA (N159.48 million), ZENITH (N125.73 million), FBNH (N104.54 million) and GUARANTY(N96.99 million).

Investors’ sentiment weakened on Thursday with market breadth declining to 0.58X compared to 3X in the previous day?s trading session on the back of the 11 stocks advancing against 19 laggards.

Top gainers in the day were MAYBAKER (+9.89%), UPL (+9.40%), MANSARD (+6.36%), JAIZBANK (+5.00%) and NB (+2.78%). On the other hand, the biggest decliners were CHIPLC (-8.11%), FIDSON (-7.25%), LASACO (-6.06%), LIVESTOCK (-4.76%) and CHAMS(-4.55%).

2 out of 5 sector indices under our coverage closed in the green. The Insurance Index gained 64bps and Consumer Goods Index advanced by 52bps. Oil and Gas Index remained flat, while Industrial Goods Index and Banking Index shed 37bps and 33bps respectively.

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Equities: Investors take profit, ASI 10bps lower on Thursday - Brand SpurEquities: Investors take profit, ASI 10bps lower on Thursday - Brand Spur

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Equities: Investors take profit, ASI 10bps lower on Thursday - Brand SpurEquities: Investors take profit, ASI 10bps lower on Thursday - Brand Spur

Latest News

How the documenta invented the “Zero Hour” in art after 1945

“documenta. Politics and Art” from 18 June 2021 to 9 January 2022


BERLIN, GERMANY - Newsaktuell - 1 March 2021 - The documenta owes its rise to the most successful German art exhibition not least to its political dimension: its disassociation from National Socialism and the bloc building of the Cold War. It was informed on the one hand by the supposed attempt to distance itself radically from Nazi cultural politics while at the same time refusing to deal openly with the Nazi past. On the other hand, its politically motivated orientation on the West included a decided aloofness toward and denigration of the socialist art of the "Eastern bloc".

Equities: Investors take profit, ASI 10bps lower on Thursday - Brand Spur

Federal President Theodor Heuss at documenta 1, 1955 © documenta archiv / Photo: Erich Müller

With "documenta. Politics and Art" the Deutsches Historisches Museum takes up the example of the famous exhibition in Kassel to shed light on the manifold interactions between politics and art in the society of the Federal Republic after 1945. Parallel to this, the exhibition "'Divinely Gifted'. National Socialism's favoured artists in the Federal Republic" (27.8.21 -- 6.2.22) presents for the first time an examination of the post-war careers of so-called "divinely gifted" visual artists whom the Nazi authorities, from 1944 on, had deemed to be "indispensable" and were therefore exempt from front-line military service or other work for the war effort.

Raphael Gross, President of the Deutsches Historisches Museum: "With these exhibitions we want to bring to light a new perspective on the history of the Federal Republic in its international context. Both of them correct the notion of a radical aesthetic new beginning, which has often been attributed to the documenta and of which the early documenta framers made extensive use. There were, in fact, unbroken lines leading back to National Socialism. Works by murdered Jewish artists found no room in the early editions of the documenta. And in our exhibition on the previously almost unresearched 'Divinely Gifted', we are showing, conversely, the degree to which this group of visual artists who had been active in the Nazi cultural sector dominated the public space after 1945 and continue to dominate it to this day."

Long Version: https://www.dhm.de/en/press/press-release/how-the-documenta-invented-the-zero-hour-in-art-after-1945/

Equities: Investors take profit, ASI 10bps lower on Thursday - Brand Spur
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