NSE Triggered “Circuit Breaker” Clause to Accommodate Daily-Single-Biggest Rally on Domestic Bourse

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...

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 -

Bullish momentum on the domestic bourse reached a new high today (Thursday), as the NSE resolved to trigger the “Circuit Breaker” clause (for the first time since developed) to accommodate the record-breaking daily-single-biggest rise of 6.23% in the All-Share Index (ASI).

The Circuit Breaker clause introduced by the NSE in 2016 was developed to halt trading activities for 30 minutes (to enable the operator to establish market fairness or otherwise), once the ASI increase/decrease reached a threshold of 5%.

NSE Triggered “Circuit Breaker” Clause to Accommodate Brandspurng Daily-Single-Biggest Rally on Domestic Bourse

Consequently, market breadth printed strongly at 8.01x, recording 65 gainers as against 08 losers.

In summary, the All-Share Index (ASI) gained 2,074.10 absolute points, representing an increase of 6.23% to close at 35,342.46 points. Similarly, the overall Market Capitalization value also gained N1.083 trillion, representing an increase of 6.23% to close at N18.467 trillion.

- Advertisement -

BUACEMENT, CADBURY, CILEASING, CUTIX, JBERGER, NNFM, PRESCO, STERLNBANK, and AIRTELAFRI all emerged joint-top-gainers for today with a maximum gain of 10% each, while GSPECPLC emerged top of the losers’ chart with a -9.89% price depreciation.

Other notable gainers today are; ZENITHBANK (+9.96%), NEIMETH (+9.92%), CUSTODIAN (+9.82%), TRNASCORP (+9.82%), ETI (+9.77%), DANGSUGAR (+9.77%) UNILEVER (+9.76%), HONYFLOUR (+9.35%), FBNH (+9.09%), DANGCEM (+8.11%), and FLOURMILLS (+6.11%).

MARKET STATISTICS

CAP N18,467,501,178,456.34 One Day (ASI CHG) +6.23%
Index 35,342.46 One Week (ASI CHG) +14.98%
Volume 1,192,804,641.00 One Month (ASI CHG) +24.69%
Value N17,395,925,115.15 Six Months (ASI CHG) +49.15%
Deals 10,704.00 52 Weeks (ASI CHG) +33.59%
Gainers 65 Losers 08
Unchanged 49 Total 104
YTD Returns +31.67%
Read Also:  Tantalizers Optimistic On-going Strategic Initiatives, Will Result in Bright H2

Source: NSEGTI Research

Sector Performance

Sector %    Change
NSE30 +6.09
BANKING +7.94
CONSUMER GOODS +6.12
INDUSTRIAL +8.65
INSURANCE +4.78
LOTUS ISLAMIC +5.36
OIL/GAS +1.98

 

Top 7 Traders By Volume

Company Volume Value (₦)   Closing Price (₦)
ZENITHBANK   161,383,290.00   4,462,744,025.80 28.15
FBNH   121,494,561.00   1,006,806,070.15 8.4
ACCESS   100,847,642.00      992,773,346.60 10
UBA     80,454,340.00      770,426,850.80 9.75
FIDELITYBK     79,500,091.00      239,481,350.00 3.07
TRANSCORP     76,518,261.00        93,914,713.87 1.23
- Advertisement -

 

Top 7 Traders By Value

Company Volume Value (₦)   Closing Price (₦)
ZENITHBANK   161,383,290.00   4,462,744,025.80 28.15
MTNN     17,006,283.00   2,742,940,882.00 162
GUARANTY     49,671,100.00   1,845,034,185.25 38.2
FBNH   121,494,561.00   1,006,806,070.15 8.4
ACCESS   100,847,642.00      992,773,346.60 10
UBA     80,454,340.00      770,426,850.80 9.75

 

NASD OTC MARKET

Trading activities on the NASD OTC counter today (Thursday) closed positively, as the USI and the Market Capitalization Value gained 0.86% to close at 725.56 absolute points and N532.97 billion respectively, compared to yesterday’s position of 719.40 absolute points and N528.44 billion.

Read Also:  Nigerian Bourse Ready To Host 4th Edition Of NSE Market Data Workshop

However, the Volume and Value of transactions today fell by 90.82% and 95.95% respectively compared to yesterday’s position to print at 7,202 units and N1.008 million in 2 deals.

- Advertisement -
NSE Triggered “Circuit Breaker” Clause to Accommodate Daily-Single-Biggest Rally on Domestic Bourse - Brand SpurNSE Triggered “Circuit Breaker” Clause to Accommodate Daily-Single-Biggest Rally on Domestic Bourse - 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.

NSE Triggered “Circuit Breaker” Clause to Accommodate Daily-Single-Biggest Rally on Domestic Bourse - Brand SpurNSE Triggered “Circuit Breaker” Clause to Accommodate Daily-Single-Biggest Rally on Domestic Bourse - Brand Spur

Latest News

ILO and LinkedIn launch data insights partnership

The International Labour Organization (ILO), the Partnership for Action on Green Economy (PAGE) and LinkedIn have launched a two-year...

MoneyGram Expands Real-Time Digital P2P Payments with Visa Direct through New Checkout.com Partnership

Customers can use the MoneyGram website or leading mobile app to send money in near real-time to Visa debit cardholders across 575 corridors from...

$85.8m ‘Debt’: Appeal Court Unseals Seplat Petroleum’s Offices

Seplat announces that the Court of Appeal sitting in Lagos has today suspended the Order of Interlocutory Injunctions made by the Lagos Federal High...

Majority Optimistic About Tech in 2021, But Health, Jobs and Environment Top Personal Risk List

Geneva, Switzerland, 22 January 2021 — A new World Economic Forum/Ipsos survey found most adults are optimistic about accessing technology, digital tools and training in the...

Bears Dominated Proceedings in the Equities Market this Week

Equities market closed the week on a bearish note with selloffs witnessed across major tickers. The benchmark All Share Index (ASI) declined by 24bps...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -NSE Triggered “Circuit Breaker” Clause to Accommodate Daily-Single-Biggest Rally on Domestic Bourse - Brand SpurNSE Triggered “Circuit Breaker” Clause to Accommodate Daily-Single-Biggest Rally on Domestic Bourse - Brand Spur