NSEASI Closes Above 33,000bpts, Hits 24-Month High as CAP Records N324.63bn Gain


Wednesday, November 11,  2020 / 03:59 PM / Proshare MARKETS / Header Image Credit: Proshare     

Proshare Nigeria Pvt. Ltd.


ReferenceProshare MARKETS        

Equities market closed today on a positive note, as NSEASI appreciated by +1.90% to close at 33,268.36 basis points as against +1.25appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +23.94%.


See Index Performance Trend      


Market Breadth (Look Up Market Data        


Market breadth closed positive as STERLNBANK led 51 Gainers as against 7 Losers topped by LEARNAFRCA at the end of today's session - an improved performance when compared with previous outlook.      


See gainers list           


See losers list        

Market Turnover                                                                                             


Market turnover closes positive as volume moved up by +48.27% as against -9.00downtick recorded in the previous session. FBNH , TRANSCORP and ZENITHBANK were the most active to boost market turnover. ZENITHBANK and GUARANTY topped market value list.        

See Value Boosters      


Volume Shockers            


ACADEMY leads the list of active stocks that recorded impressive volume spike at the end of today's session.     


Other Volume Spikes  


Additional Comments      

The NSEASI further recorded a growth of +1.90% at the close of trading today to maintain the positive market posture witnessed in the last three (3) trading days as the broad market index closes above 33,000bpts to hit 24-month high. This represents about 621.26 basis points increases. Market Experts are of the view that the surge recorded is driven by the realization that there is a need to increase allocation to risk assets to earn inflation adjusted return in a record low yield environment.  Hence, the strong rally in the equities market over the past three months.


Click Here To View Today's Market Action All of today's news and market information        


For further information, Contact us - analyst@proshareng.com

Proshare Nigeria Pvt. Ltd.

Related Video

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News

1.     Investors Gain N211.13bn as NSEASI Inches Up by 1.25% Amid Negative Market Turnover

2.    Investors Gain N641.08bn as NSEASI Inches Up by 3.96% to Open the Week Positive

3.    What To Expect From The Markets This Week - 091120

4.    Investors Gain N248.98bn WoW as NSEASI Inches Up by 1.59% to Close the Week Positive

5.    Investors Lose N6.27bn as NSEASI Dips by -0.01%, YTD Returns Stands at 14.52%

6.    Investors Gain N4.39bn as NSEASI Inches Up Marginally by 0.03% Amid Negative Market Turnover

7.    Investors Gain N132.80bn as NSEASI Inches Up by 0.83% Amid Renewed Bargain Hunting

8.   Investors Lose N26.81bn as NSEASI Dips by 0.17% to Open the Week Negative

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News