Equities Market Recovers From Losses, ASI Up By 89bps Today

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The Nigerian equities market opens the week on a positive note following bargain hunting across the Industrial tickers. At the close of market proceedings today, the All Share Index went up by 89bps to close at 38,722.87. Similarly, the market capitalization gained N178.14bn to settle at N20.26tn. Consequently, the year-to-date performance printed at -3.84%.

The Industrial (2.20%) index lead other sectors in the gainers’ chart following buy interest in JBERGER (10.00%) and BUACEMENT (5.08%). Similarly, gains in MBENEFIT (5.15%), INTEBREW (5.88%) and ARDOVA (3.70%) buoyed positive performance in the Insurance, Consumer Goods and Oil & Gas index as they advanced by 0.44%, 0.14% and 0.29%  respectively.  The Banking index however closed flat with a 1bps declined.

Investor sentiment as measured by the market breadth improves further to 3.25x on the back of 26 advancers and only 8 decliners. However, the activity level slows down as the volume and the value of transactions declined by 4.60% and 24.00%. Investors traded a total of 277 million units of shares valued at N3.05bn in 4,299 deals.

Equities Market Recovers From Losses, ASI Up By 89bps Today - Brand Spur
Fixed Income Market

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The yields in the bond market moved different paths across the short and long tenor instruments. Specifically, the yields on the FGN-MAR-2024 and MAR-2025 compressed by 1bps to close at 7.99% and 7.49% respectively. Conversely, the yields on the JUL-2034 and MAR-2035 advanced by 4bps and 28bps.

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At the NTB market, the yields on the 91-day, 184-day and 364-day maturities remained stable at 2.26%, 4.15% and 4.44%.

Market Snapshot

  • Equities Market Recovers from Losses… ASI up by 89bps Today
  • Local Bond Yields Maintain Upward Trajectory Across Longer Tenors
  • US Stocks Rise Amid Drop in Treasury Yields
  • Oil Fluctuates with Demand in Focus After Worst Week in 5 Months
  • Naira depreciated against the USD at the Parallel Market to Close at N486/$

 Please click here for the full report

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Equities Market Recovers From Losses, ASI Up By 89bps Today - Brand SpurEquities Market Recovers From Losses, ASI Up By 89bps Today - Brand Spur

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Equities Market Recovers From Losses, ASI Up By 89bps Today - Brand SpurEquities Market Recovers From Losses, ASI Up By 89bps Today - Brand Spur

Latest News

Ultimaker Transformation Summit: How to remain flexible and productive as a business in a volatile world

Ultimaker CEO Jürgen von Hollen reveals it all during the Ultimaker Transformation Summit April 20-23rd

 

UTRECHT, THE NETHERLANDS - Media OutReach - 13 April 2021 - The COVID-19 pandemic sent shockwaves through the worldwide manufacturing community, as transport and workplace restrictions frustrated supply chains across the planet. And then, more recently a container ship got stuck in the Suez Canal. Disrupting global supply chains, again. But a crisis can also result in opportunities. And 3D printing is one of these opportunities, already being used by some companies worldwide to drive transformation and ensure business continuity in a volatile market.

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The 2021 3D Printing Sentiment Index, conducted by international research firm Savanta in late 2020, showed that leading companies wasted no time in showing their entrepreneurship by finding alternatives to ensure business continuity and many turned to 3D printing as a game-changer in adverse times. The Index is a measure of market awareness and adoption as well as sentiment towards the potential impact of 3D printing technology. While the awareness for the technology has increased since last year, 29% of businesses who could potentially use 3D printing have no current familiarity with the technology. This means there is still considerable untapped opportunity in industries worldwide​. The adoption of 3D printing also increased in 2020, likely driven by the COVID-19 pandemic as businesses looked for more reliable solutions for prototyping and local manufacturing, less at risk from global volatility. While 1-in-3 businesses surveyed are currently using 3D printing, the Index data shows it is only fully embedded in 1-in-10. And that needs to change.


The Ultimaker Transformation Summit

The Ultimaker Transformation Summit is therefore set up to inspire and inform businesses of any size worldwide how 3D printing can help to transform. This free online summit, being held April 20-23, features vision keynotes, product launches, and demonstrations. A fully customized, interactive showroom brings the Ultimaker ecosystem to life. It gives participants full control to discover Ultimaker's product portfolio, engage with 3D printing experts via live chat, and meet software and material partners that are part of the ecosystem. Real-world applications that have helped customers transform their businesses with 3D printing in this volatile market are displayed in such a way that participants can discover them at their own pace. This summit is the place to be for decision-makers, engineers, and innovators – from large global companies to SMEs – who want to start their transformation today. Save your seat, register today.

Jürgen von Hollen, CEO at Ultimaker: "In a complex and rapidly changing market, innovation is essential for future-proofing manufacturing. During the Ultimaker Transformation Summit we will inspire our guests together with trusted partners how to drive truly successful transformation today and tomorrow. I will also be revealing how Ultimaker is transforming as a company during the opening keynote on Tuesday April 20th, 17:00 CEST. Furthermore, we will be announcing some exciting new solutions that help to make that desired transformation happen. Since we greatly miss the direct interaction with our prospects and customers at physical events – and because we have these exciting updates to share – we decided to open our doors and welcome you to a unique online experience to start your transformation journey today."


Equities Market Recovers From Losses, ASI Up By 89bps Today - Brand Spur
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