Saturday, December 26, 2015 07:24 AM / TheAnalyst
Stock market performance in 2015 has been very pessimistic as market breadth analysis has shown how many stocks are taking part in market rally or sell-off.
Also, the performance of market indicator, NSEASI, has also buttressed above points as the index has recorded -22.47% YTD loss as at 23rd December, 2015.
Market recorded thirty-one (31) gainers as at 23rd December 2015 with UNHOMES taking the lead with +894% while UNITYBNK and BETAGLAS follow with 714% and 88% respectively. Stocks from Financial services and Consumer and Industrial Goods sectors dominated the gainers list. The proposed acquisition of UNHOMES by ASOSAVINGS might be a major factor responsible for movement in its share price.