Banking Sector Performance, Centum Results, and Developments in Global Semiconductor Manufacturing

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Last week we had news of various taxes that are likely to affects markets this week. In this episode, we discuss the performance of various sectors on the NSE, analyse Centum’s results and how the pandemic affected the real estate sector, and look at how the semiconductor shortage and TSMC’s announcement give Apple and Intel first access to chips will mean for global markets.
Highlights:
  • The All-share index came down at 0.41 points, 0.24pc closing at 171.21.
  • Centum reported a 71.7% decline in net profit for FY ended March 2021 due to reduced demand in residential units.
  • Taiwan Semiconductor Manufacturing Company said Apple and Intel would be the first companies to adopt their semiconductors, currently undergoing testing.

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