Negative Trend Reverses …ASI Gains 168 Basis Point
The Nigerian Stock Exchange (NSE) closed positive as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 1.68% to close at 34,818.01. Similarly, Market Capitalization increased by N300.55 billion to close at N18.19 trillion while the Year-to-Date (YtD) returns settled at 29.71%.
Sectors performance was broadly bearish
Performance across sectors was broadly bullish as 3 out of the 5 sectors closed in the green zone. Banking, Industrial, and Consumers Goods indices advanced by 2.53%, 2.81% and 2.98% respectively, on the back of buy interests recorded in the shares of Sterling (10.00%), WAPCO (9.55%), ETI (8.59%), NB (7.41%), DANGSUGAR (5.95%), CADBURY (4.92%), DANGCEM (4.22%), ACCESS (4.17%), UBA (3.57%), UCAP (3.23%) and ZENITH (3.09%) among others. While Insurance and Oil and Gas indices closed in the red zone on the back of sell interests in the shares of CORNERST (-8.62%), REGALINS (-8.33%), MBENEFIT (-7.14%) and ARDOVA (-6.25%).
The NASD market closed flat after today’s trading activities as the Unlisted Securities Index (USI) closed positive to close at 736.53. Consequently, Market Capitalization also closed flat by 0.07% to close at N547.46 billion. Market activity measured by aggregate volume increased by 2,900.95% while value increased by 127.63%. Investors traded a total of 12,121,740 units of shares valued at N13.33 mn in 8 deals.
Please click here to view Daily Financial Market update for today, November 18th , 2020.