TUE, 24 NOV, 2020-theGBJournal-The bulls resurfaced in the domestic bourse, as the All-Share Index snapped yesterday’s loss, following investors’ interests in some banking names. Consequently, the NSE ASI advanced by 0.6% to 34,340.56 points. Accordingly, Month-to-Date and Year-to-Date gains increased to 12.5% and 27.9%, respectively.
All the other Indices advanced including the NSE Insurance Index (154.82) which fell back 151.76 on Monday.
The total volume of trades decreased by 35.7% to 365.41 million units, valued at NGN4.69 billion, and exchanged in 6,325 deals. ZENITHBANK was the most traded stock by volume and value at 71.93 million units and NGN1.73 billion, respectively.
Sectoral performance was broadly positive, following gains in the Banking (+2.2%), Insurance (+2.0%), Consumer Goods (+0.1%) and Industrial Goods (+0.1%) indices. The Oil & Gas index closed flat.
Market sentiment, as measured by market breadth, was positive (1.6x), as 25 tickers gained, relative to 16 losers. UCAP (+9.5%) and FIDELITYBK (+9.5%) topped the gainers’ list, while ETERNA (-10.0%) and FIDSON (-9.8%) recorded the largest losses of the day.
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