The local bourse today (Tuesday) recorded its biggest daily gain since April 1, 2015, as Market Capitalization value gained N708.14 billion to move back to the N15 trillion range after 9 months.
Today’s record-breaking gain was driven by price appreciation in DANGCEM and 44 others. As a result, market breadth closed positively, recording 45 gainers as against 8 losers.
In summary, the All-Share Index (ASI) increased by 1,354.81 absolute points, representing a growth of 4.92% to close at 28,909.37 points. Similarly, the overall Market Capitalization size gained N708.14 billion, representing an increase of 4.92% to close at N15.11 trillion.
Nigerian Equity Market records biggest daily gain since 2015 as Market-Cap up by 4.92%
CORNERST, INTERBREW, and PRESCO are the joint top gainers (by percentage point) for today, while NPFMCRFBK tops the losers’ chart.
READ: Stock Market Recommendations For Week 41 (05/10/2020 – 09/10/2020)
The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; CORNERST (+10.00%), INTERBREW (+10.00%), PRESCO (+10.00%), DANGCEM(+9.86%), OANDO (+9.57%), ACCESS (+5.97%), AIRTELAFRI (+5.32%), ZENITH (+5.26%), MTNN (+3.85%), PRESCO (+3.77%), and SEPLAT (+2.50%).
| CAP | N15,110,457,505,668.10 | One Day (ASI CHG) | +4.92% |
| Index | 28,909.37 | One Week (ASI CHG) | +8.63% |
| Volume | 749,467,693.00 | One Month (ASI CHG) | +13.32% |
| Value | N9,495,221,631.65 | Six Months (ASI CHG) | +36.87% |
| Deals | 8,074 | 52 Weeks (ASI CHG) | +6.73% |
| Gainers | 45 | Losers | 8 |
| Unchanged | 46 | Total | 99 |
| YTD | +7.70% |
Source: NSE, GTI Research
The NASD OTC market performance indicators today (Tuesday) closed unchanged, as the Unlisted Securities Index (USI) and the Market Capitalization value closed at 726.93 points and N533.98 billion respectively.
However, while Traded volume declined by -18.52% (compared to prior closing position) to settle at 52,550, the Value of total trades rose by +48.12% to N5.73 million compared to yesterday’s position in 8 deals.
GTI Research
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