Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w

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...

Here is a list of all Microfinance Banks’ USSD Codes in Nigeria.

A Microfinance bank is a type of bank that offers small loans, or microloans, to individuals, entrepreneurs and small...
- Advertisement -

The local bourse this week gained ₦19.66 billion despite the tension that greeted the End-SARS protest across many states, and the subsequent imposition of curfew in Lagos and some other states during the week.

Besides, the market also shrugged off the negative sentiment that should have accompanied the weak recovery in Q3 earnings results of some medium and large capitalized companies published this week.

Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion Brandspurng
GTI Research

Consequently, the NSE-All Share index and the Market Capitalization value both appreciated by 0.13% w/w to close at 28,697.06 absolute points and ₦14.999 trillion respectively, compared to prior week closing positions of 28,659.45 absolute points and ₦14.979 trillion.

Nevertheless, four of the five major sector indices closed negatively, led by Insurance -2.03%, Banking -1.42%, Oil& Gas -0.69%, and Industrial goods -0.06%, save for the Consumer goods sector which gained +2.86% w/w respectively. INTBREW emerged best performing stock this week with a week-on-week gain of 18.20%, while NNFM shed -9.9 % w/w to emerge top of the losers table.

- Advertisement -

Overall, a total turnover of 1.28 billion shares worth ₦14.05 billion in 16,724 deals was traded this week by investors on the floor of the Nigerian exchange in contrast to a total 1.95 billion shares valued at ₦22.98 billion that exchanged hands in 22,844 deals last week.

Read Also:  Profit taking erodes ₦7.15 billion from local bourse

Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w w Brandspurng
On October 20th 2020, Nigerian Police and Army Forces harassed, harmed and killed numerous civilians while, denying their civil and legal rights to protest on the streets – leading to many Nigerians Across the world to come out and protest after SARS only a few days ago was dissolved. Outputting their excessive disappointment in the country even after Independence was given by the British over 60 Years ago | Photo by Ehimetalor Akhere Unuabon

A total of Twenty-Eight (28) equities appreciated at price during the week, lower than Thirty-five (35) equities in the previous week. Thirtyfive (35) equities depreciated in price, higher than twenty-Three (23) equities in the previous week, while Ninety-Nine 99 equities closed unchanged, lower than a Hundred and Five (105) recorded in the prior week.

Market Outlook:

Week ending 30th October 2020 With more Q3 earnings results expected to be released next week, we expect the market to sustain the current positive trend, albeit at a modest pace.

- Advertisement -
Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w - Brand SpurLocal Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w - 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 -


Please enter your comment!
Please enter your name here
Read Also:  Majority of Nigerians feel unsafe - Report

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

Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w - Brand SpurLocal Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w - Brand Spur

Latest News

NAICOM Officially Issues Operating Licences for Heirs Holdings New Group Insurance Companies

The Nigerian Federal Government, through the insurance regulator, the National Insurance Commission (NAICOM), has officially issued the operating licences...

Solar Hybrid Mini-Grid: REA electrifies Ogun state community after 200 years (Photos)

It was the turn of the indigenes of Olooji community, Ijebu-East, Ogun state. The Rural Electrification Agency (REA) delivered a 100kWp Solar Hybrid Mini-Grid...

Taraba State Governor Flags Off 82Km Mararaba-Baissa-Abong Road; Challenges FG on the Mambilla Hydro Power Project

Taraba State Governor, Darius Dickson Ishaku has challenged the Federal Government to show clear intentions on building the Mambilla Hydro Power Dam because, if...

NSE Lifts Suspension on Trading in FTN Cocoa Processors Shares

The suspension earlier placed on the trading in the shares of FTN Cocoa Processors Plc has been lifted by the Nigerian Stock Exchange (NSE). The...

What to expect from Art X Lagos 2020

ART X Lagos 2020, is happening online at ARTXLAGOS.COM from 2-9 December 2020. The virtual presentation will include ART X Talks, ART X Live!, ART X...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Local Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w - Brand SpurLocal Bourse Defy End-SARS Tension, Gain ₦19.66 billion w/w - Brand Spur