Equities investors gain N4.4bn on marginal growth

Equities trading on the Nigerian Stock Exchange (NSE) recorded a marginal gain by 0.3 per cent, on Wednesday, following investors’ interests in banking stocks.

Thus, the All-Share Index (ASI) rose marginally by 0.03 per cent to close at 30,741.88 points, just as investors gain N4.4 billion as the market capitalisation increased to N16.07 trillion.

Accordingly, Month-to-Date return and Year-to-Date gain were unchanged at 0.7 per cent and 14.5 per cent, respectively.

Market sentiment, as measured by market breadth, was also positive as 12 tickers gained, relative to 11 losers. CHI Plc led the gainer’s chart having appreciated by 8.8 per cent, followed by Prestige Insurance that increased its share value by 7.4 per cent.

On the flip side, Mutual Benefit and Wema Bank recorded the largest losses of the day after depreciating by 4.8 per cent and 3.1 per cent.

Of the five indices tracked, three closed in the green while the rest closed flat on Wednesday.

The NSE Insurance, NSE Consumer Goods and NSE Industrial indices rose by 1.04 per cent, 0.05 per cent and 0.03 per cent respectively while the NSE Banking and NSE Oil/Gas closed flat.

Activity at the local bourse waned on Wednesday as the total volumes traded decreased by 14.8 per cent to 286.45 million units, valued at N3.09 billion and exchanged in 2,889 deals.

Access Bank stocks was the toast of investors for the day as it was the most traded stock by volume and value at 145.01 million units and N1.17 billion, respectively.


COVID-19: Nigeria Recorded More Cases, Deaths, Recoveries Last Week

Nigeria’s COVID-19 recoveries increased last week compared to the previous week, Tribune Online analysis shows.

Last week, October 25 to 31, the 44th week of the pandemic in Nigeria, a total of 1,390 patients recovered and were discharged last week, compared to 724 who were discharged in the previous week.

USElection2020: Is It Trump Or Biden?

THE United States election between Republican and current President Trump and Democratic challenger Joe Biden takes place today, November 3rd and is on course to witness the highest turnout in a century with more than 95 million people already cast their ballots in early voting.

Equities investors gain N4.4bn on marginal growth

You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More