Equities Market recorded largest daily gain in five Years…ASI surged by 6.23%

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...

FG, States, LGAs share N528.39bn FAAC allocation in Jan 2021

The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.34bn to the three tiers of government in December...

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...
- Advertisement -
The rally continues in the equities market as the bulls maintained a stronger position. Notably, the All-Share Index (ASI) jumped by 6.23% to 35,342.46 while market capitalization gained N1.08tn to close at N18.47tn today. Consequently, Year to Date performance improved to 31.67%.

The sectorial performance was significantly bullish as all sectors under coverage closed on a positive note. Banking and industrial indices advanced by 7.94% and 8.65% respectively following bullish sentiment in the shares of ZENITH(+9.96%), GUARANTY (+6.11%), JBERGER (+10.00%), BUACEMENT(10.00%) and DANGCEM (+8.11%).

Equities Market opens the week flat as activity level declines Brandspurng

Similarly, consumer goods, insurance and oil & gas indices advanced by 5.81%, 4.78% and 1.90% on the back of bargain hunting in the shares of NNFM(+10.00%), DANGSUGAR (+9.77%), WAPIC(+8.89%) and OANDO(+9.78%).

The bond market traded on a positive note as yield compressed across short-dated and mid-dated maturities by 0.13% and 0.09% respectively. The yield on the longer end of the curve however trended higher.

Market Snapshot

  • Equities Market recorded the largest daily gain in five Years…ASI surged by 6.23%
  • Bond market traded on a positive note as average yield deep by 0.08%
  • Global Stocks Drop and Treasuries Climb Amid Virus Angst
  • U.S. Inflation Tamer Than Forecast Amid Mixed Consumer Demand
  • Naira depreciate further in the parallel market
Read Also:  Equities Market Ended the Week on a Negative Note...ASI Down by 37bps WoW
- Advertisement -

Equities Market recorded largest daily gain in five Years...ASI surged by 6.23% Brandspurng

- Advertisement -
Equities Market recorded largest daily gain in five Years...ASI surged by 6.23% - Brand SpurEquities Market recorded largest daily gain in five Years...ASI surged by 6.23% - Brand Spur
- 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 recorded largest daily gain in five Years...ASI surged by 6.23% - Brand SpurEquities Market recorded largest daily gain in five Years...ASI surged by 6.23% - Brand Spur

Latest News

IITA, Key Partner For Promoting Agriculture As A Business For Smallholder Farmers

As part of the PICAGL project implementation funded by the World Bank through the Congolese government, IITA hosted an...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Equities Market recorded largest daily gain in five Years...ASI surged by 6.23% - Brand SpurEquities Market recorded largest daily gain in five Years...ASI surged by 6.23% - Brand Spur