Trading activity in the equities market was dominated by the bears during the week, strengthening the All-Share Index by +1.23% WoW to close at 38,726.10pts. Consequently, the Year-to-Date return moderated to -3.84% (from -5.00% at the end of the previous week). Bargain hunting on tickers in the NSEIND (+2.60%) and NSEINS10 (+1.25%) outweighed profit taking activities on tickers in the NSEOILG5 (-0.79%), NSEFBT10 (-0.37%), and NSEBNK10 (-0.06%) indices. Leading the gainers’ chart was UPL (+43.59%), while the losers were led by CWG (-26.09%).
On the corporate scene, CONOIL released its Q1:2021 unaudited financials, recording a 13.24% YoY decline in topline while bottom-line advanced by 62.81% YoY.
Investors’ sentiment was mixed in the secondary market for treasury instruments. While bearish mood persisted in the market for short term instruments, pushing average T-Bills yield upwards to 6.30% (from 5.45% the previous week), demand was strong for longer term securities, putting downward pressure on bond yields which declined to 12.21% from 12.57% the week before.
Click on the link below to access the full report: