NSE ASI hit its highest single-day upside in 7 years at 4.92%

Must Read

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...

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 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 -

Bulls on Nigeria Stock Exchange held on to gains today, as the benchmark index, NSE ASI hit its highest single-day upside in 7 years at 4.92% as year-to-date return settled at 7.70%, 28,909.37 points. Performance in the market was driven by strong bullish investor sentiment across the board.

Tier-1 banks received the most attention – ZENITHBA NL (+9.47% to N20.80), UBA NL (+9.30% to N7.05), FBNH NL (+9.91% to N6.10), and ACCESS NL (+9.15% to N7.75) as GUARANTY NL returned 6.06% to close at N31.50. STANBIC NL also gained 4.95% to close at N42.50. In the same vain, telcos, cement tickers and consumer goods stocks were also caught in the frenzy mood.

Volume and value traded were 24,09% and 27.88% higher to 749.41 million units and N9.49 billion, respectively. The most traded stocks by volume were ZENITHBA NL (135.69 million units), UBA NL (112.88 million units) and FBNH NL (88.91 million units) while ZENITHBA NL (N2.77 billion), GUARANTY NL (N1.22 billion) and UBA NL (N768.18 million) topped the value chart.

All sub-indices closed in positive territory (Banking, Consumer Goods, Industrial, Oil & Gas, and Insurance sub-indices by 748bps, 295bps, 564bps, 115bps, and 26bps respectively)

Read Also:  NSE ASI Falls by 0.08% amid Marked-Down Shares of Tier 1 Banks

Market sentiment was positive as market breadth came in at 5.6x as there were 45 advancers and 8 decliners.

- Advertisement -

Comercio Partners Research

- Advertisement -
NSE ASI hit its highest single-day upside in 7 years at 4.92% - Brand SpurNSE ASI hit its highest single-day upside in 7 years at 4.92% - Brand Spur

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.

- Advertisement -

3 COMMENTS

  1. […] https://brandspurng.com/2020/10/06/nse-asi-hit-its-highest-single-day-upside-in-7-years-at-4-92/ […]

  2. […] https://brandspurng.com/2020/10/06/nse-asi-hit-its-highest-single-day-upside-in-7-years-at-4-92/ […]

  3. […] https://brandspurng.com/2020/10/06/nse-asi-hit-its-highest-single-day-upside-in-7-years-at-4-92/ […]

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.

NSE ASI hit its highest single-day upside in 7 years at 4.92% - Brand SpurNSE ASI hit its highest single-day upside in 7 years at 4.92% - Brand Spur

Latest News

HealthPlus crisis: Mrs. Bukky George unfair to me – Leo Stan Ekeh

Mrs. Bukky George first contacted the Zinox Chairman, Leo Stan Ekeh via SMS on March 31st, 2020 at...

Single Mother’s Hope Restored as Airtel Saves Infant with Hole in Heart

Leading telecommunications services provider, Airtel Nigeria has fulfilled its promise to save the life of Daniel Akani, a physically impaired child who was diagnosed...

Customers meet farmers supplying Shoprite store farm-fresh produce

Nigerian farmers will have the opportunity to sell their fruit and vegetables directly to Shoprite customers on Saturday, 28 November, as part of the...

Here Are The Most Profitable Startups That Will Bring You Big Gains In 2020

As the pace of technological advancement increases, the scope for the evolution of newer start-ups is on the rise. This is a time when...

Panasonic releases 4K PTZ Camera suitable for shooting live videos

Panasonic recently released 4K Integrated PTZ Camera AW-UE100W/K equipped with a range of functions including 4K 60p/50p shooting and 12G-SDI output. The camera supports a...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -NSE ASI hit its highest single-day upside in 7 years at 4.92% - Brand SpurNSE ASI hit its highest single-day upside in 7 years at 4.92% - Brand Spur