Equity Market: Stocks Rebound by 0.06%

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

List of latest Ponzi schemes in Nigeria

These are the latest and past Ponzi scams and shady investment products that Nigerians are putting their monies into. What...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

The performance of the equities market improved slightly in yesterday’s trading session, as the NSE-ASI grew by 6bps to close at 23,709.44pts. In turn, the YTD loss improved to -11.7%. Also, investors gained about N7.0bn in value, as market capitalization closed at N12.4tn. In terms of activity, the value traded declined by 8.1% to N1.5bn, while the volumes traded increased by 2.2% to 159.2mn units.

All the sectors under our coverage recorded gains. Notably, the Oil and Gas sector (+2.7%) topped the list, with MOBIL (+9.9%) and TOTAL (+6.75%) gaining. The Insurance sector (+1.9%) followed suit, due to increases in MANSARD (+8.0%) and WAPIC (+7.1%). The Banking sector (0.6%) also moved up, due to STANBIC (+2.6%), GUARANTY (+2.1%) and FBNH (+1.1%). I n the Consumer goods (+0.4%) and Industrial goods sectors (+0.1%), UNILEVER (+10.0%) and CUTIX (+2.3%) drove the gains, respectively. In addition, we saw buying interests in healthcare stocks, such as MAYBAKER (+9.7%) and GLAXOSMITH (+2.7%).

Equity Market: Stocks Rebound by 0.06%

Elsewhere, investors sentiment improved as market breadth was 2.9x vs 0.8x in the previous day. Notably, 20 stocks gained while 7 stocks declined. In today’s session, we expect market sentiment to be mixed, as investors simultaneously take profit and take advantage of opportunities in attractive stocks.

Read Also:  FrieslandCampina WAMCO Supports 100,000 Families In Fight Against COVID-19
- Advertisement -

United Capital Research

- Advertisement -
Equity Market: Stocks Rebound by 0.06%Equity Market: Stocks Rebound by 0.06%

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  You can now go to jail for sending these social media messages

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Equity Market: Stocks Rebound by 0.06%Equity Market: Stocks Rebound by 0.06%

Latest News

Nigeria H2’20 Outlook – The viral shock

The year 2020 has been a struggle. A global pandemic is in full swing and is poised to upend...

BUA Group to set up 3 million Metric-ton Cement Company, 50MW Power Plant in Adamawa

The Bua Group announced that it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk...

Economic Slowdown – Quick Response But No Quick Fix (LBS Executive Breakfast Session – July 2020)

Nigerian manufacturers are mostly anxious about two things today: How long will the pandemic lockdown continue before demand for my products recover? (X) - Unknown When will...

Equities Market: Lagos Bourse Plunges by 1.98% amid Sell-Offs

In the just concluded week, the domestic equities market closed in red amid renewed selloffs as investors took profit on stocks such as GLAXOSMITH,...

Naira Gains Against USD at I&E FXW Despite Dwindling External Reserves

In the just concluded week, Naira appreciated against the USD at the Investors and Exporters FX Window (I&E FXW) by 0.09% to close at...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Equity Market: Stocks Rebound by 0.06%Equity Market: Stocks Rebound by 0.06%