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Get StartedAs the market entered further into the third quarter of the year, while preparing for the half year earnings numbers, sentiments around the market remained mixed. Please note that the National Bureau of Statistics is expected to release the headline inflation figure for the month of June within this week, according to NBS, this should be expected on Thursday 15th July, 2021. As noted in our previous reports, reactions to the number within the stock market will be mild. Should we go by the numbers release by equities with March accounts, one will expect more positive half year earnings, nevertheless, global economy remained mixed due to varying response to Covid-19 spread, although the trend is mild in the local environment. We maintained a cautious play around the market.
The total value loss by the Market Capitalization of the listed equities during today’s trading activities was N71.012 billion, same as 36Bpts below the opening value. Meanwhile, trading activities for the day produced 16 ADVANCERS and 13 LAGERS. NSEASI Year to Date loss is now 599Bpts while the Market Capitalization Year to Date loss stood at N1.332 trillion same as 633Bpts below the year’s opening value.
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