Will the recent protest halt the equities market rally?

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Will the recent protest halt the equities market rally?

The year 2020 has been one of the most eventful years for the global economy and more specifically, the Nigerian economy. First, the outbreak of the COVID-19 pandemic brought the Nigerian economy to a halt as the government, like other governments across the world, implemented strict lockdown measures to curb a further spread of the virus.

Will the recent protest halt the equities market rally
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Accordingly, this negatively impacted the Nigerian Equities market as companies were forced to quickly readjust to the new realities. Notably, the exchange which had started out as the best performing equities market in the world at the beginning of the year, quickly sank into bear territory, reaching a historic low at the peak of lockdowns.

Will the recent protest halt the equities market rally Brandspurng
Sources: NSE, United Capital Research

The equities market downfall did not last for long as the government’s relaxation of lockdown measures, the low-interest rate in the fixed income market coupled with resilient performance posted by corporates during the peak of lockdown in Q2-2020 and growing financial system liquidity in H2-2020 sparked a bullish run on the Nigerian Stock Exchange with the ASI surging 23.1% from April till date. While the recent social unrest and protests across the country is being closely watched by the investing public, the Stock market closed higher on Tuesday, up 0.2% after 4 straight days of profit-taking.

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It must be noted that the recent rally remained driven by an influx of liquidity in the system amid limited investment outlets and an abnormally low yield environment. So such, we maintain that while the protest against police brutality may trigger some panic sales, if not de-escalated, amid recent realities in the economy which is yet to get over the devastating impact of the COVID-19 shock. Sustained low yield environment vis-a-vis massive system liquidity which will remain the case till year-end as well as attractive dividend yields, implies that.

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Will the recent protest halt the equities market rally? - Brand SpurWill the recent protest halt the equities market rally? - Brand Spur

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Will the recent protest halt the equities market rally? - Brand SpurWill the recent protest halt the equities market rally? - Brand Spur

Latest News

Four 12 Year Old Students To Tackle Hong Kong’s Longest Trail to Raise Funds for The Child Development Centre (CDC) for Children with Special...

HONG KONG SAR - Media OutReach - 9 March 2021 - From 27 to 29 March 2021, four secondary school students will challenge themselves to complete the longest trail in Hong Kong - the 100km MacLehose trail. Their aim is to raise essential funds for The Child Development Centre (CDC), a non-profit organisation that supports children with special educational needs. Please support and donate to this cause at https://www.simplygiving.com/100km-hike-for-special-needs

Will the recent protest halt the equities market rally? - Brand Spur Will the recent protest halt the equities market rally? - Brand Spur


Jack, Jaden, Gabriel, and Martin are year-12 students at an international school in Hong Kong. The hike they will complete is not only daunting in length, but also challenging due to the elevation of 5,053 metres. The students chose the CDC as the sole beneficiary as Jack's younger sister previously attended an early intervention programme there. "This organisation (the CDC) is very close to Jack's heart, as he has a younger sister with Down's Syndrome, and understands the difficulties that families face when raising and educating special needs children to reach their full potential, which is something that every child deserves.

"Money donated to the CDC will go towards programme and service expenses, allowing them to aid even more families, and provide even better care with their top notch teaching specialists and therapists. Furthermore, it is no doubt that under the current COVID-19 pandemic, non-profit organisations like this will be impacted the most, so any money donated will be especially helpful now more than ever. We would really appreciate your support on our journey and cause!"

Dr. Yvonne Becher, the Chief Executive of the CDC, expressed her gratitude to the students for organising this meaningful event, "we are grateful for Jack's and his team's initiative, and are glad that the CDC's work is being recognised and has created such positive value to families throughout the years. Hope everyone can also feel the love and faith that Jack has for his sister, and spread the positive energy to many other children with additional needs in our society."

Will the recent protest halt the equities market rally? - Brand Spur Will the recent protest halt the equities market rally? - Brand Spur


Based on each child's needs, the CDC's multidisciplinary team offers services such as assessments, early intervention programmes, speech therapy, occupational therapy, and targeted support programmes addressing social skills, sensory processing, attention, behaviour, early literacy and numeracy, and more. The CDC is also committed to supporting parents and professionals through counselling services, outreach screening, and child development training.


This press release is distributed by The Child Development Centre and supported by Media OutReach Newswire

About The Child Development Centre:

Igniting Learning Journeys - One Child at a Time

The Child Development Centre (CDC) is a non-profit education, assessment and therapy provider for children of early childhood age (0 - 8) with a wide spectrum of additional learning or developmental needs. We envision that every child will succeed in their unique learning journey and are missioned to provide quality learning experiences for the individual child and empower their families. The CDC is one of only two government-supported Early Education and Training Centres (EETCs) in Hong Kong which provide programmes and services in both English and Chinese, serving more than 400 children per year.

Address: 4/F, Prime Mansion, 183-187 Johnston Road, Wan Chai, Hong Kong

T 3462 2875 | F 2849 6900 | www.cdchk.org

Will the recent protest halt the equities market rally? - Brand Spur
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