Nigerian equity market ends Q3’20 with a gain of N116.73 billion

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Nigerian equity market ends Q3’20 with a gain of N116.73 billion

Transactions on the Nigerian Stock Exchange today (Wednesday) closed on a positive note, to extend the recent gaining streak to nine consecutive sessions. Today’s transactions which are the last for the quarter saw Market Capitalization value retuned to N14 trillion for the first time in seven months, as gains in TOTAL and 19 other stocks increased investors’ wealth by N116.73 billion.

Consequently, market breadth closed positively, recording 20 gainers as against 8 losers.

In summary, the All-Share Index (ASI) increased by 219.80 absolute points, representing a growth of 0.83% to close at 26,813.76 points. Similarly, the overall Market Capitalization size gained N116.73 billion, representing an increase of 0.83% to close at N14.02 trillion.

TOTAL emerged top of the gainers’ chart, while UPL tops the losers’ chart.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; TOTAL (+10.00%), ETERNA (+9.60%), UACN (+9.45%), WAPIC (+5.71%), STERLNBANK (+4.92%), FCMB (+4.29%), GUARANTY (+3.70%), DANGCEM (+2.81%), ZENITH (+2.00%), and MTNN (+1.18%).

MARKET STATISTICS

CAP N14,024,527,099,413.43 One Day (ASI CHG) +0.83%
Index 26,831.76 One Week (ASI CHG) +4.07%
Volume 322,773,035.00 One Month (ASI CHG) +6.02%
Value N4,039,015,932.71 Six Months (ASI CHG) +25.79%
Deals 4,046.00 52 Weeks (ASI CHG) -2.89%
Gainers 20 Losers 8
Unchanged 72 Total 100
YTD -0.04%
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Source: NSEGTI Research

NASD OTC MARKET

The NASD OTC market today (Tuesday) closed on a positive note, as the Unlisted Securities Index (USI) rose by 0.35% to close at 733.11 points, from last Friday’s closing position of 735.65 points. Similarly, Market Capitalization gained N1.87 billion to close at N540.39 billion, representing a 0.35% increase from the previous closing position. Similarly, aggregate volume and value increased by 5,835.55% and 11,199.04% respectively, as investors traded a total of 2,213,010 shares, worth N472.61 million in 13 deals.