WED, 25 NOV, 2020-theGBJournal- Nigerian equities extended yesterday’s gain, as major interests in large-caps DANGCEM (+2.6%) and AIRTELAFRI (+1.9%) spurred a 1.3% gain in the All-Share Index to 34,769 points. Against the foregoing, Month-to-Date and Year-to-Date gains increased to 13.9% and 29.5%, respectively.
The total volume of trades increased by 19.0% to 434.92 million units, valued at NGN6.91 billion, and exchanged in 7,029 deals. TRANSCORP was the most traded stock by volume at 84.50 million units while DANGCEM was the most traded stock by value at NGN2.16 billion.
On sectors, all indices in our coverage – Banking (+1.6%), Industrial Goods (+1.6%), Insurance (+1.4%) and Consumer Goods (+0.7%) – save for the Oil & Gas (-0.6%) index, recorded gains.
Market sentiment, as measured by market breadth, was positive (3.3x), as 36 tickers gained, relative to 11 losers. MAYBAKER (+10.0%) and ETERNA (+9.9%) topped the gainers’ list, while TRANSEXPR (-9.4%) and ABCTRANS (-8.6%) recorded the largest losses of the day.
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