Local Equities Market ASI Rebounds by 2.92% as MPC Cut MPR to 11.50%

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

In the just concluded week, the local equities market closed positively amid sustained bargain hunting activity even as investors reacted positively to the cut in MPR by 100bps to 11.50%. Specifically, the NSE All-Share Index (ASI) advanced week-on-week by 2.92% to close at 26,319.47 points.

Amid a further reduction in yields in the fixed income space, we saw Investors take a position in blue-chip stocks, especially in banking, consumer goods and industrial sectors.

Hence, the NSE Consumer Goods, NSE Banking, NSE Industrial, NSE Oil/Gas and the NSE Insurance indices rose by 5.99%, 3.59%, 2.44%, 1.16% and 1.08% to 458.69 points, 302.50 points, 1,161.46 points, 191.99 points and 132.58 points respectively.

Meanwhile, market activity was upbeat as total deals, transacted volumes and Naira votes increased by 11.69%, 46.34% and 68.93% to 18,396 deals, 1.56 billion shares and N20.55 billion respectively.

In the new week, we expect the domestic equities market to remain upbeat as investors position in stocks that have good fundamentals. The recent rally in the share price of Lafarge Africa Plc (WAPCO) indicates that investors are already positioning to milk value in companies that have performed well in the last six months.

Read Also:  Challenges Facing Financial Inclusion In Nigeria
- Advertisement -

COWRY ASSET

- Advertisement -
Local Equities Market ASI Rebounds by 2.92% as MPC Cut MPR to 11.50% - Brand SpurLocal Equities Market ASI Rebounds by 2.92% as MPC Cut MPR to 11.50% - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Local Equities Market ASI Rebounds by 2.92% as MPC Cut MPR to 11.50% - Brand SpurLocal Equities Market ASI Rebounds by 2.92% as MPC Cut MPR to 11.50% - Brand Spur

Latest News

SurveyMonkey to Report Q4 and Fiscal Year 2020 Financial Results on February 11, 2021

Jan. 21, 2021 - SurveyMonkey, a leader in agile software solutions for customer experience, market research, and survey feedback,...

Keeping an eye on Biden’s plans for Africa

President Joe Biden has been sworn into office, ushering in a new administration, new foreign policy and a new approach to US trade and...

The Trade Desk Appoints Benson Ho as Senior Vice President, North Asia

SHANGHAI, CHINA - Media OutReach - 22 January 2021 - Global advertising technology leader, The Trade Desk, today announced the appointment of Benson Ho as Senior Vice President of North Asia. In this role, Ho will lead the company's business and growth strategy in the North Asia region, covering Greater China, South Korea and Japan. Ho will report to Tim Sims, Chief Revenue Officer.

Read Also:  Nigeria: A Spike in Inflation Rate - Any Monetary Policy Response?

 

 Local Equities Market ASI Rebounds by 2.92% as MPC Cut MPR to 11.50% - Brand Spur

 

Ho brings vast leadership experience in the Asian media industry, most recently as Chief Data Strategy Officer at Tencent Marketing Solution, an important early inventory partner of The Trade Desk in China. Prior to that, he served as Amnet's chief consultant and programmatic expert to Dentsu Aegis Network. He has also served in senior leadership positions at Sizmek, GroupM and Digitas.

 

"One of The Trade Desk's biggest priorities is Asia, and with Benson joining our team, we're confident he will help accelerate our growth strategy in the region," said Tim Sims, Chief Revenue Officer, The Trade Desk. "Benson brings experience and expertise of data-driven advertising, as well as his invaluable relationships with key partners and advertisers, that are specific and unique to the Asian market. I look forward to partnering with Benson as we execute our next phase of growth in the region."

 

"I am delighted to join The Trade Desk and build on the success the company has had in North Asia," said Ho. "The advertising industry is at a turning point right now, and there's enormous opportunity for brands to leverage global best practices and connect with consumers in new ways. It's very exciting to be a part of the team that's delivering a unique solution and expertise to global advertisers in the region."


About The Trade Desk

The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, Local Equities Market ASI Rebounds by 2.92% as MPC Cut MPR to 11.50% - Brand SpurTwitter, and LinkedIn. 

 

Local Equities Market ASI Rebounds by 2.92% as MPC Cut MPR to 11.50% - Brand Spur

DJ Khaled announced as International Host of the MAMAs Kampala 2021

Grammy® Award-winning global sensation, DJ and record executive, DJ Khaled, who is best known for his hip hop and R&B hit anthems, will be the international...

Entrepreneurialism alive and well in the time of the pandemic

Entrepreneurial spirit is up among women and younger adults. One-third of adults across the world show a very high level of entrepreneurial spirit, according to...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Local Equities Market ASI Rebounds by 2.92% as MPC Cut MPR to 11.50% - Brand SpurLocal Equities Market ASI Rebounds by 2.92% as MPC Cut MPR to 11.50% - Brand Spur