TUE, 01 DEC, 2020-theGBJournal-Nigerian equities sustained yesterday’s performance, as the All-Share Index recorded a sixth consecutive gain, following buying interests in Tier 1 bank names, GUARANTY (+5.4%), ZENITHBANK (+1.7%) and ACCESS (+1.2%).
Against the foregoing, the NSE ASI advanced by 0.3% to 35,147.62 points. Accordingly, Month-to-Date and Year-to-Date return increased to +15.1% and +30.9%, respectively.
The total volume of trades decreased by 25.8% to 308.18 million units, valued at NGN3.40 billion, and exchanged in 4,515 deals. ACCESS was the most traded stock by volume at 43.47 million units while GUARANTY was the most traded stock by value at NGN859.15 million.
Analysing by sectors, the Banking (+2.3%) and Oil & Gas (+0.2%) indices recorded gains, while the Insurance (-1.2%) and Consumer Goods (-0.1%) indices declined. The Industrial Goods index closed flat.
Market sentiment, as measured by market breadth, was negative (0.7x), as 21 tickers declined, relative to 15 gainers. CORNERST (-10.0%) and CHIPLC (-9.7%) topped the losers’ list, while CAVERTON (+9.9%) and CUTIX (+9.8%) were the largest gainers of the day.-With Cordros Research.
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