Equities market remains flat as nationwide protest continues

Must Read

FG offers free business registration for 250,000 MSMEs

The Federal Government says it has offered free business registration for 250,000 Micro, Small and  Medium Enterprises (MSMEs) nationwide...

The Legal Side of Doing Business in Nigeria: Compliance Checklist You Need as a Small Business Owner

Setting up a business in Nigeria is one of the roads to financial independence. As most persons who have...

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...
- Advertisement -

The All Share Index (ASI) closed at 28,344.04 while market capitalization lost N151m to close at 14.82 trillion with a slight increase in volume and value of transactions.

Sector performance was bearish as 3 sectors under coverage closed negative. Banking, insurance and oil and gas indices declined by 0.74%, 0.45% and 0.29% as a result of loss in the shares of GUARANTY (-1.67%) and  (AIICO (-3.70%). Conversely, Consumer Goods and Industrial indices advanced by 0.40% and 0.30% on the back of bargain hunting in GUINNESS (+3.23%) and WAPCO (+5.00%).

Equities market remains flat as nationwide protest continues Brandspurng1
Photo by Tobi Oshinnaike

Bond market continued on a positive note as average yield compressed across different maturities. The yield on mid and long-dated maturities declined by 0.12% and 0.17% respectively.

Equities market remains flat as nationwide protest continues Brandspurng
Equities market remains flat as nationwide protest continues Brandspurng

Market Snapshot

  • Equities market closed flat for 3 consecutive trading session
  • Headline Inflation Ticked up by 49 bps to 13.71% in September
  • Bonds market traded on a positive note across short and long-dated maturities
  • Stocks drop in the global market with virus spikes threatening growth
  • Naira gains in the I&E window with stability in the parallel market
- Advertisement -
Equities market remains flat as nationwide protest continues - Brand SpurEquities market remains flat as nationwide protest continues - 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 -

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.

Equities market remains flat as nationwide protest continues - Brand SpurEquities market remains flat as nationwide protest continues - Brand Spur

Latest News

Sunlight Real Estate Investment Trust Operational Statistics for the First Quarter of the Financial Year 2020/21

HONG KONG, CHINA - Media OutReach - 21 October 2020 - Henderson Sunlight Asset Management Limited (the "Manager"), as manager of Sunlight...

7-Eleven launches two new vegan ready-to-eat meals from OmniEat

Convenient, healthy and plant-based food options ready in minutes! HONG KONG, CHINA - Media OutReach - 21 October 2020 - In recent years, more consumers around the globe are choosing...

MSIG RM20k Donation To MoH For PPE For Sabah Front Liners

KUALA LUMPUR - Media OutReach - 21 October 2020 - MSIG Insurance (Malaysia) Bhd "(MSIG Malaysia)", is channelling RM20,000 to assist the Ministry of Health (MoH)...

Amazon Donates to More Than One Thousand Charities Worldwide this Holiday Season, Expands Wishlist Campaign in Singapore to Benefit More Nonprofits

Amazon teams up with Nathan Hartono to deliver smiles and distribute donation to underprivileged children in Singapore, including a donation to Nathan's charity of choice, Club Rainbow...

‘AXA Light Up Your Mind Programme’ New online learning platform to support mental wellness of primary students

HONG KONG, CHINA - Media OutReach - 21 October 2020 - AXA Hong Kong and St. James' Settlement joined hands to launch the 'AXA Light Up Your Mind Programme' in...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Equities market remains flat as nationwide protest continues - Brand SpurEquities market remains flat as nationwide protest continues - Brand Spur