THUR, 26 NOV, 2020-theGBJournal-Equity capitalisation topped N18.2 billion today as the domestic bourse recorded its third consecutive gain this week, with the NSE ASI notching a 0.1% increase to 34,803 points.
The performance was supported by gains in GUARANTY (+2.6%), INTBREW (+9.6%) and MOBIL (+9.9%) stocks. Consequently, Month-to-Date and Year-to-Date return increased to +14.0% and +29.7%, respectively.
The total volume of trades decreased by 40.8% to 257.56 million units, valued at NGN3.53 billion, and exchanged in 5,407 deals. ZENITHBANK was the most traded stock by volume and value at 40.57 million units and NGN999.27 million, respectively.
Sectoral performance was broadly positive, following gains in the Oil & Gas (+2.8%), Insurance (+1.0%) and Consumer Goods (+0.6%) indices. The Banking and Industrial Goods indices closed flat.
Market sentiment, as measured by market breadth, was mixed (1.0x), as 20 tickers gained, relative to 21 losers. NCR (+10.0%) and MOBIL (+9.9%) topped the gainers’ list, while ROYALEX (-7.7%) and UNIONDAC (-7.4%) recorded the largest losses of the day.
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