NSE ASI Revs by 1.03% as BUA Cement, International Breweries Shares Gain 10% Each

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NITTY Fall for most Tenor Buckets amid Renewed Liquidity Ease…

The domestic equities market sustained its bullish trend as the All-Share Index (ASI) revved by 1.03% to close at 39,512.31 points.

Given the rise in the share prices of BUACEMENT, INTBREW and ETERNA by 10% each, coupled with the higher number of gainers (24) as against losers (19), the year-to-date gain of the NSE ASI jumped to 47.20% at the close of the trading session.

Also, the performance was largely positive across sub-sectors, especially at the industrial sub-sector space.

Specifically, the NSE Industrial index rose by 3.74%; followed by the NSE Insurance and the NSE Consumer Goods indices which rose by 2.99% and 0.36% respectively. On the flip side, the NSE Banking and the NSE Oil/Gas indices fell by 0.71% and 0.39% respectively.

Meanwhile, activity in the market was relatively positive given the DANGCEM Shares Buyback Programme (up to 85.2 million units) which is expected to be completed tomorrow.

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Hence, the total deals and value of stocks traded increased by 2.86% and 162.57% to 5,183 deals and N11.50 billion respectively; however, the volume of stocks traded fell by 48.39% to 0.37 billion units.

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Elsewhere, NIBOR and NITTY fell for the most tenor bucket as liquidity returned to the financial market. In the OTC bonds market, the values of FGN bonds decreased for most maturities tracked; however, the value of FGN Eurobond increased for most maturities tracked.

NSE ASI Revs by 1.03% as Bua Cement, International Breweries Shares Gain 10% Each Brandspurng
Source: NSE, Cowry Research

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NSE ASI Revs by 1.03% as BUA Cement, International Breweries Shares Gain 10% Each - Brand SpurNSE ASI Revs by 1.03% as BUA Cement, International Breweries Shares Gain 10% Each - Brand Spur

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NSE ASI Revs by 1.03% as BUA Cement, International Breweries Shares Gain 10% Each - Brand SpurNSE ASI Revs by 1.03% as BUA Cement, International Breweries Shares Gain 10% Each - Brand Spur

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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.

 

 NSE ASI Revs by 1.03% as BUA Cement, International Breweries Shares Gain 10% Each - 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, NSE ASI Revs by 1.03% as BUA Cement, International Breweries Shares Gain 10% Each - Brand SpurTwitter, and LinkedIn. 

 

NSE ASI Revs by 1.03% as BUA Cement, International Breweries Shares Gain 10% Each - Brand Spur

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- Advertisement -NSE ASI Revs by 1.03% as BUA Cement, International Breweries Shares Gain 10% Each - Brand SpurNSE ASI Revs by 1.03% as BUA Cement, International Breweries Shares Gain 10% Each - Brand Spur