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April 2, 2021 Weekly Economic and Market Report

Global economy In line with our expectation of improved factory activity as workers return from the Lunar New Year holiday, China’s manufacturing PMI rose to the highest in four months. According to the National Bureau of Statistics, the manufacturing PMI notched up by 1.3 points to 51.9 points in March (February: 50.6 points). For us, […]

March 22, 2021 Off to a Good Start… ASI up 0.9%

Price appreciation in BUACEMENT (+5.1%), STANBIC (+10.0%) and INTBREW (+5.9%) buoyed performance in the market today. Consequently, the benchmark index rose 89bps to 38,722.87 points, YTD loss improved to -3.8% and market capitalisation increased ₦178.1bn to ₦20.3tn. Trading activity declined as volume and value fell 4.6% and 24.0% respectively to 277.2m units and ₦3.1bn. The […]

March 5, 2021 Weekly Economic and Market Report

According to the Chinese National Bureau of Statistics (NBS), China’s Manufacturing PMI slowed to 50.6 points in February (January: 51.3 points). Although the February print remains above the 50-point threshold, we highlight that this represents the slowest rise since May 2020 and the third consecutive month of moderation in the index. We believe the moderation […]

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