Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW

Must Read

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 First Bank of Nigeria Sort Codes 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 -

The market opened the week with a 0.21% loss which was followed by a loss in all the remaining trading days of the week. Consequently, the All-Share Index (ASI) declined by 2.53% WoW to close at 34,250.74 with market capitalization shedding N463.73bn to settle at N17.90tn. In Summary, the year-to-date (YtD) performance moderated to +27.60%.

Market breadth, a measure of Investors’ sentiment depressed from 0.49x to 0.28x as only 13 stocks advanced while 46 stocks declined last week. FTNCOCOA (+51.72%), UNIONDAC (+16.00%) and OKOMU (+10.00%) were the top market gainers while REGENCY (-16.67%), UPL (-14.29%) and NEIMETH (-12.35%) top the losers chart.

Here is a list of all Microfinance Banks’ USSD Codes in Nigeria. MTN Nigeria & 14 others led local bourse to sustain previous positive sentiment, gains 0.38%

Market activity level was mixed as volume advanced by 35.22% while the value of transaction declined by 17.44%. Trading in JAIZ BANK, ACCESS and ZENITH BANK (measured by volume) accounted for 894.00 million shares worth N7.07 billion in 4,045 deals, contributing 39.47% and 33.72% to the total equity turnover volume and value respectively.

Outlook for the week

We expect to see some mixed activity this week as some investors hunt for bargains and others take profits with new development in the global economy and local fixed income yield influencing the decision.

Fixed Income Market

- Advertisement -

The bears maintained dominance in the local bond market this week, as investors took profit on some maturities. Average benchmark yields climbed by 71bps to 4.91% buoyed by sell-off at the short, mid and long end of the curve. Notably, Yield on the FGNMAR-2030 advanced by 7.18% followed by the increased yield on longer maturities.

Read Also:  Equities Market Remain flat amid nationwide unrest

The penultimate NTB primary Market Auction for the year was held last week with N4.40bn, N7.82bn and N38.70bn on offer for the 91-day, 182-day and 364-day maturities respectively. This was followed by a heavy subscription as bid/offer ratio print at 3.75x. Consequently, stop rates closed at 0.01%, 0.60% and 3.20% higher than the last September auction.

Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW brandspurng

Outlook for the week

We expect a similar bearish trend during this week as attention focus on the last bond auction.

Global Equities Market

- Advertisement -

The US S&P 500 and Dow Jones indices both declined by 0.96% and 0.57% following despite the bullish run witnessed on energy stocks due to increased crude oil prices.

Other global stocks closed negative with concerns about rising numbers of coronavirus cases in key economies and uncertainty surrounding a post-Brexit trade deal and U.S Stimulus Measures. Notably,  German Dax and UK FTSE declined by  1.39% and 0.05%  while French CAC compressed by 1.81%. However, Japan NIKKEI advanced by 1.06%.

Outlook for the Week

We expect UK post-Brexit arrangements and new development in the vaccine to influence market performance across Europe and America together with progress on the US stimulus measures.

- Advertisement -
Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand SpurBears dominated proceedings in the local equities market…ASI lost 2.53% WoW - 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.

Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand SpurBears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand Spur

Latest News

Oppa Kim Woo Bin arrives in Singapore!

SINGAPORE - Media OutReach - 28 January 2021 - DAEBAK! Fans can now meet the one and only figure of Woo-bin for a limited period, right here in Singapore. The popular Korean actor once again joins his co-star Bae Suzy from "Uncontrollably Fond", but this time at Madame Tussauds Singapore!

 

Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand Spur

To celebrate the opening of the Brand new K-wave zone at Madame Tussauds

 

The world famous wax attraction brought in Kim Woo Bin to celebrate the opening of their brand new K- wave zone, which opened today to the public. Fans can gather around some of their favourite Korean stars, while snapping Insta worthy shots in front of iconic Korean themed sets.

Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand Spur

 

The eyecatching Cherry Blossom tree takes center stage in the new zone. With cherry blossoms that change colour, this is the perfect spot to bring your date for #couplegoals pics. Missing Korea as much as we do...we've got you. Wander away and pose in front of the hanoks with Kim Woo Bin. Or shoot your boomerangs in front of the pretty cherry blossom flower wall and inspire your friends on where to shoot their next OOTD.


Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand Spur 

Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand Spur

 

Madame Tussauds Singapore is based at Imbiah Lookout. Come and enjoy the brand-new K-wave zone with the SingapoRediscovers Vouchers. Visit the family fun attraction and get 5 experiences for only 1 ticket. For more information on how to redeem these vouchers and to know what the 5 experiences are, please visit our website www.madametussauds.com/Singapore.

Read Also:  Brief on SEC e-Dividend Mandate


Twitter: @MTsSingapore
Instagram: @MTsSingapore
Facebook: @MadameTussaudsSingapore Hashtag: #MadameTussaudsSG


For high res images: Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand Spurhttps://www.dropbox.com/sh/khx2r1v9o12bn1m/AADTz9_nBt9DK7i3gnm1cNeQa?dl=0


Madame Tussauds

The ultimate celebrity experience and the world's best known and most popular wax attraction. There are currently 23 Madame Tussauds attractions around the world. Each of the attractions is unique and tailored to the host city and visitor demographic to feature both local as well as international figures.

The result of 200 years of expertise and painstaking research every figure takes Madame Tussauds' gifted sculptors a minimum of three months to make, and costs more than $300K (Singapore dollars). Most contemporary figures are also produced following sittings with the celebrities themselves.

Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand Spur

SugarCRM Launches SugarPredict to Take the Guesswork Out of Sales with AI for All

CUPERTINO, CALIFORNIA - Media OutReach - 28 January 2021 - SugarCRM Inc., the innovator of time-aware CX, today announced the launch of SugarPredict, the first data-fueled AI for CRM. SugarPredict delivers new levels of prediction accuracy without the time, cost, and technical expertise typically required for companies to take advantage of AI.

 

Fifty-two percent of sales leaders say their CRM is costing them lost revenue, according to new research from SugarCRM that examines the lack of customer visibility that plagues most companies. The quality and consistency of the data entered by CRM users can create challenges for basic AI systems. SugarPredict takes a different approach by enriching customer data with additional attributes that results in more comprehensive and consistent AI models. SugarPredict provides accurate predictions, even with limited first-party data, while diligently guarding the privacy and security of company and customer information.

 

"AI can solve a number of sales and marketing barriers today, putting it at the heart of CRM," said Paul Greenberg, president of the 56 Group and author of CRM at the Speed of Light. "Sales teams that lean into AI-powered CRM can take advantage of the lead insights and opportunity models that give them a significant competitive advantage." 

 

As the first of many SugarPredict-powered capabilities in Sugar Sell, the technology is being used to take the guesswork out of lead prioritization, lead Ideal Customer Profile (ICP) alignment, and opportunity-to-close-won scoring. SugarPredict analyzes historical account, deal, and company data to accurately predict which leads are most likely to become customers. Lead scoring is based on similarity to historical conversions (converted leads or closed-won opportunities), while ideal customer profile matching identifies leads that are similar to a company's past and current customer bases.

 

"SugarPredict helps companies replace a fragmented, out-of-date, and incomplete picture with a sharply focused understanding of both their customers and business," said Craig Charlton, CEO of SugarCRM. "We've made significant product investments, over the last year, to democratize AI to drive business performance and enable predictability for companies of all sizes."

 

"Like many companies in the manufacturing business Bishop-Wisecarver is always looking for ways to work smarter and faster than the competition", said Niegel Leoncio, CRM Manager for Bishop-Wisecarver. "We are excited about the launch of SugarPredict, which places the power of AI into the hands of sales and service teams so they can drive better results and a better customer experience."   

 

SugarPredict leverages Sugar's time-aware CX platform which provides a full historical record of all change events related to customers and customer-facing processes. SugarPredict for sales force automation, marketing automation, and customer service applications is based on technology from last summer's acquisition of Node.io. SugarPredict is free for Sugar Sell customers and will roll out to Sugar Market and Sugar Serve customers later this year.

 

Learn more about SugarPredict here.


About SugarCRM

SugarCRM's time-aware sales, marketing and service software helps companies deliver a high-definition (HD-CX) customer experience. For mid-market and enterprise companies that want  a CX-driven platform, Sugar gives teams the time-aware customer data they need to achieve a clear view of the customer and reach new levels of business performance and predictability, and increase customer lifetime value.

 

More than 4,500 companies in 120 countries rely on SugarCRM. Based in Silicon Valley, SugarCRM is backed by Accel-KKR. 

Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand Spur

Car Rentals, Taxi and Ride-Hailing Revenues to Hit $325B in 2021, a $68B Plunge Compared to Pre-COVID-19 Figures

The COVID-19 pandemic has brought significant changes and challenges for the taxi and car rentals industries. Lockdown restrictions, cancelled flights, and people working from...

Global Consumer Spend on Health and Fitness Apps Rose by 50% in 2020

Consumers turned to digital platforms for their fitness needs driving remarkable growth in the industry in 2020. According to the research data analyzed and...

DF Holdings Acquires N29.89m Worth of Additional AIICO Insurance Shares

AIICO Insurance revealed that a majority shareholder, DF Holdings Limited had acquired additional 27,174,309 ordinary shares at N1.10k per share at the Nigerian Stock Exchange platform. DF Holdings Limited...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Bears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand SpurBears dominated proceedings in the local equities market…ASI lost 2.53% WoW - Brand Spur