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

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


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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.

 

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