Investors rally ₦46 billion w/w on high sentiment in cheap priced stocks

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) 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 held. The sort...

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...
- Advertisement -

Investors rally ₦46 billion w/w on high sentiment in cheap priced stocks Investors in the Nigerian equity market recorded a week-on-week gain of ₦46 billion from investors positive sentiment on some cheap priced stocks, as the market performance indicators grew in four of the five trading days.

As such, the NSE-ASI and NSE-Market Capitalization value grew marginally by 0.35% w/w to close for this week at 25,309.37 absolute points and ₦13.20 trillion respectively as against 25,221.87 absolute points and ₦13.16 trillion last Friday. This in nominal term translates to a week-on-week gain of ₦45.65 billion in Market Capitalization value.

Three of the five sectors closed positive on a week-on-week basis, led by Insurance (+2.80%), Consumer Goods (+1.12%) and Industrial Goods (+0.64%), the Oil & Gas (0.00%) remained unchanged, while the Banking (-0.23%) sector closed negatively in the course of the week.

UPL emerged top gainers this week; appreciating by 31.45% w/w, while BETAGLASS shed 9.99 % w/w to emerge the top loser.

Overall, a total turnover of 1.07 billion shares worth ₦7.38 billion in 16,684 deals was traded this week by investors on the floor of the Nigerian exchange in contrast to a total 950.41 million shares valued at ₦10.12 billion that exchanged hands last week in 16,647 deals.

Read Also:  Investors sustains positive sentiment with N160 billion gain
- Advertisement -

A total Twenty-Nine (29) equities appreciated at price during the week, lower than Thirty-One (31) equities in the previous week. Thirty-Six (36) equities depreciated in price, higher than TwentySeven (27) equities in the previous week, while Ninety-Eight (98) equities remained unchanged, lower than One Hundred and Five (105) equities recorded in the previous week.

Market Outlook: Week ending September 4, 2020

Following six successive week-on-week bullish runs on the local bourse, we anticipate profit taking by active investors in the coming week. Hence, we expect the overall market performance indicator NSE-ASI to take a little slack.

GTI Research

- Advertisement -
Investors rally ₦46 billion w/w on high sentiment in cheap priced stocks - Brand SpurInvestors rally ₦46 billion w/w on high sentiment in cheap priced stocks - Brand Spur
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

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

Investors rally ₦46 billion w/w on high sentiment in cheap priced stocks - Brand SpurInvestors rally ₦46 billion w/w on high sentiment in cheap priced stocks - Brand Spur

Latest News

Flour Mills of Nigeria appoints new CEO as Paul Gbededa takes a bow

Flour Mills of Nigeria Plc, leading integrated Food and Agra-allied group, owners of the iconic brand-'Golden Penny', today announced...

Flour Mills of Nigeria Plc Announces Omoboyede Olusanya as New Group MD/CEO

Lagos, Nigeria; December 3, 2020 - Flour Mills of Nigeria Plc, Nigeria's leading integrated food business and Agro-allied group, owners of the iconic brand...

The Self-imposed Adjustments as Onions Disappear from the Breakfast Omelette.

Nigerians adapt easily to changes. When the price of food rise, we add a few Naira and buy what we can afford. After all,...

5 Gifts to give your loved ones this Christmas Season

Christmas is a season of love and sharing. For the Christians, it is also a period in which the 25th is celebrated as the...

Standard Chartered Appoints Yetunde Oni, CEO Standard Chartered Sierra Leone

Lagos, 03 December 2020: Yetunde Bolanle Oni has been appointed the Chief Executive Officer, Standard Chartered Bank Sierra Leone. Her appointment became effective in...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Investors rally ₦46 billion w/w on high sentiment in cheap priced stocks - Brand SpurInvestors rally ₦46 billion w/w on high sentiment in cheap priced stocks - Brand Spur