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    Spain needs over 60,000 additional workers in Hospitality Industry, where to find the jobs

    Spain needs over 60,000 additional workers in Hospitality Industry, where to find the jobs

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    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    CBN raises interest rate for the 6th consecutive time

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

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    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

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    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

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Equity Market: Bearish Run Thwarts Market Gains…as Insurance Index Contracts 6.1% WoW

Saturday, 6 February 2021, 11:45 am
in Markets, Stocks/Equities
0
Nigerian Equities Market weekly review: Benchmark index lose 0.05% with N7.143 billion off Market Cap.
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(Greenwich Merchant Bank): The local bourse veered off its upward trend in the previous week, as bearish sentiment pervaded top counters in all trading sessions of the week. Consequently, the NSE-ASI narrowed sharply WoW to 1.7%, even as market capitalisation eased off NGN368.0bn to settle at NGN21.8tn, thereby dragging the YtD return to a low +3.6%.

However, the activity level improved as the average volume and value of transactions increased by 7.4% and 6.4% to settle at 551.8mn units and NGN5.9bn, respectively. JAIZBANK led the gainers’ chart, appreciating 10.8% in its share price to close at NGN0.72. On the other hand, LINKASSURE topped the laggards’ table with a 33.3% dip to settle at NGN0.60.

  • Read: Fixed Income Market: Bears Dominate Bonds Market, Naira Comes Under Pressure
  • Visit Investogist’s homepage for more articles

Performance across the NSE sectors was in tandem with the broad index, as the Insurance (-6.1%), Consumer Goods (-3.2%), Banking (-2.3%), Industrial Goods (-2.1%) and Oil & Gas (-0.2%) sectors closed the week in the negative.

The bearish performance witnessed this week can be attributed to the profit booking activities across counters that gained in the previous week’s rally and the gradual uptick in the stop rates at Primary Market Auctions (PMAs). Notwithstanding this bearish sentiment, we anticipate that positive corporate earnings will drive traction towards the equities market as investors continue to position themselves for the forthcoming dividend season.

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