Equities Market Closed Positive…ASI Inches Up Marginally by 3bps

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...

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...

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 Nigeria equities market closed positive as the All Share Index appreciated marginally by 3 bps to 30741.88. Market capitalization also gained N4.40bn to close at N16.07tn. Consequently, Year to Date (YTD) performance improves to +14.53%.

Performance across sectors was significantly bullish with 4 out of the 5 sectors under coverage closing positive. Oil & Gas and Consumer goods indices advanced by 0.35% and 0.05% on the back of bargain hunting in the shares of JAPAULOIL (4.35%) and DANGSUGAR (0.65%).

Similarly, Insurance and industrial indices both inches up 3 bps due to positive sentiment in the shares of CHIPLC(8.82%) and CAP(3.14%). Banking index, however, closed flat. Elsewhere, PRESCO released Q3-2020 earnings with 24.48%% and 50.99% growth in revenue and profit after tax respectively. Kindly, refer to our earnings update for full analysis.

The bond market closed on a positive note as average yield compressed across all maturities. Notably, Yield on short and long-dated maturities declined by 0.46% and 0.22% respectively.

Equities Market Closed Positive...ASI Inches Up Marginally by 3bps Brandspurng
Equities Market Closed Positive…ASI Inches Up Marginally by 3bps Brandspurng

- Advertisement -
Equities Market Closed  Positive...ASI Inches Up Marginally by 3bps - Brand SpurEquities Market Closed  Positive...ASI Inches Up Marginally by 3bps - 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.

Read Also:  TOTAL NIGERIA PLC - Fairly Resilient Earnings For A Tough FY’17
Equities Market Closed  Positive...ASI Inches Up Marginally by 3bps - Brand SpurEquities Market Closed  Positive...ASI Inches Up Marginally by 3bps - Brand Spur

Latest News

Ekiti State Governor commissions the Sexual Assault Referral Centre, Moremi Clinic (Photos)

On the 25th November 2020, the Ekiti State Governor, Dr. Kayode Fayemi commissioned the Sexual Assault Referral Centre (MOREMI...

Video: Construction of a 4-lane dual carriage New Ado-Iyin-Aramoko-Itawure road is ongoing

Construction of a 4-lane dual carriage New Ado-Iyin-Aramoko-Itawure road is ongoing This road project is part of Governor Kayode Fayemi initiatives to improve inter-connectivity of...

Ogun State facilitates more capital to boost Fish Production

Ogun State Ministry of Industry, Trade and Investment will continue to facilitate access to capital and work with relevant agencies to build the capacity...

Abiodun Reads Riots Act to Ogun State Water Corporation

The Governor of Ogun State, Prince Dapo Abiodun, has given a marching order to the General Manager of the Ogun State water corporation, Engineer...

Lagos Examinations Board reschedules Y2020 BECE Resit Test

The Lagos State Examinations Board has rescheduled the Year 2020 Basic Education Certificate Examination (BECE) resit test earlier fixed for Saturday, December 5, 2020,...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Equities Market Closed  Positive...ASI Inches Up Marginally by 3bps - Brand SpurEquities Market Closed  Positive...ASI Inches Up Marginally by 3bps - Brand Spur