Local Equities Rebounds…Investors Gained N259.45bn

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The Nigerian equities market traded on a positive note as investors position for earnings release. The benchmark All Share Index (ASI) went up by 121bps to close at 41,584.94 with market capitalization adding N259.45bn to settle at N21.75tn. In summary, the Year-to-Date (YtD) performance improves to 3.26%.

Sectoral indices tolled different part with 3 of the 5 sectors under coverage closing positive. Notably, the insurance, consumer goods and industrial indices advanced by 0.40%, 0.54% and 0.25% buoyed by positive sentiments in AFRINSURE (+9.09%), CHAMPIONS (+9.81%) and WAPCO (+3.77%). Conversely, Oil & gas and banking indices waned by 5.31% and 0.14% following losses in SEPLAT (-9.26%) and ZENITH BANK (-0.94%).

Local Equities Rebounds...Investors Gained N259.45bn Brandspurng

Investors’ sentiment was also positive as 32 stocks advanced while 19 stocks declined to indicate a 1.68x market breadth. Market activity level improves as both the volume and value of transaction advanced by 40.47% and 110.79%. Investors traded a total of 467 million units of shares valued at N5.57billion.

Fixed Income Market

The bond market traded on a negative note with yield advancing across different maturities. The yield on the FGN-MAR-2025 and MAR-2035 advanced to 6.68% and 9.90%
Treasury bills market traded on a quiet note as yield remained stable on the 90-day and 364-day maturities.

Read Also:  Market Resumed The Week on a Positive Note...ASI Crossed 39,000 Points
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OBB and OVN rate compressed to 4.50% and 5.25% respectively amid sustained buoyant system liquidity.

Market Snapshot

  • Local Equities Rebounds…Investors Gained N259.45bn
  • The bond market traded on a muted note as yield maintain stable across maturities
  • U.S. Stocks Traded Positive on Vaccine Hope
  • Oil Wavers With Concerns Lingering Over China Consumption
  • Naira lost N3 against the USD at the parallel market to close at N480/$
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Local Equities Rebounds...Investors Gained N259.45bn - Brand SpurLocal Equities Rebounds...Investors Gained N259.45bn - Brand Spur

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Local Equities Rebounds...Investors Gained N259.45bn - Brand SpurLocal Equities Rebounds...Investors Gained N259.45bn - Brand Spur

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Make This International Women’s Week Unforgettable with iShopChangi’s Exclusive Discounts and Promotions

Celebrate International Women’s Week with iShopChangi’s exclusive discounts and promotions. Whether you’re looking for a gift for yourself or a special woman in your life, we have up to 60% off thousands of tax and duty-absorbed fragrances, cosmetics, wine, chocolate and more. Running until March 14, 2021, browse iShopChangi to find luxury products at great prices.


SINGAPORE - Media OutReach - 4 March 2021 - For the latest International Women's Week, iShopChangi is celebrating in style with a fresh campaign offering a wealth of sitewide discount codes and promotions. Featuring your favourite local and international brands at unbeatable prices, our online store is the ideal place to shop for a treasured loved one. Running until March 14, 2021, load up your shopping cart with some much-loved gifts today.

Local Equities Rebounds...Investors Gained N259.45bn - Brand Spur

Incredible Sitewide 8% Off Discount Codes

It doesn't matter what kind of gift you want to purchase this International Women's Week, iShopChangi has a special deal that makes it the perfect time to buy. Using the code IWD8, customers can save 8% off all categories except Wines & Spirits. With no minimum spend and capped at S$30, there are literally thousands of bargains to be had.

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Take 5% Off Your Favourite Wine and Spirits

There's no better place to stock up on your favourite wine and spirits than iShopChangi if you're planning on getting the girls around this International Women's Week. To make sure you don't miss out on anything, we're taking 5% off our entire range for this shopping extravaganza. Simply use the DRINKS5 discount code when you're ready to checkout.

If you prefer to drink high-quality vino, iShopChangi is offering huge savings on some of the world's biggest names in wine. Across the likes of BOTTEGA, JACOB'S CREEK and DBR LAFITE, you'll find that a vast range of sought-after vintages are available for heavily reduced prices. In addition to discounts on beloved spirit makers such as MACALLAN, GLENFIDDICH and HIBIKI, this discount code has no minimum spend and is capped at S$30.

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Honour This International Women's Week in Style

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About Changi Airport Group

Changi Airport Group (Singapore) Pte Ltd (CAG) (www.changiairportgroup.com) was formed on 16 June 2009 and the corporatisation of Singapore Changi Airport (IATA: SIN, ICAO: WSSS) followed on 1 July 2009. As the company managing Changi Airport, CAG undertakes key functions focusing on airport operations and management, air hub development, commercial activities and airport emergency services. CAG also manages Seletar Airport (IATA: XSP, ICAO: WSSL) and through its subsidiary Changi Airports International, invests in and manages foreign airports.

About iShopChangi

iShopChangi was launched in 2013 as an extension of Changi Airport's promise to deliver greater comfort and convenience to travellers in its suite of airport retail offerings. Passengers can browse and purchase tax- and duty-free products across all terminals between 30 days to 12 hours pre-flight on the e-store -- and choose to collect their items at Collection Centres within departure, upon arrival or have them delivered free in Singapore. Providing easy access to over 30,000 products across 900 brands and exclusives such as Changi First product launches, the site has since received global recognition with its award for Best Website -- Retail Customer Facing at The Moodies: the Airport and Travel Retail Digital Media Awards 2018. In early 2020, the e-commerce store started to retail a selection tax- and duty-absorbed products to Singapore-based residents without the need to fly.

Local Equities Rebounds...Investors Gained N259.45bn - Brand Spur
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