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Wednesday, November 11, 2020 / 03:59 PM / Proshare
MARKETS / Header Image Credit: Proshare
Reference: Proshare 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 +1.25% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +23.94%.
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.
Market
Turnover
Market turnover closes positive as volume moved up by +48.27% as
against -9.00% downtick recorded in the previous session. FBNH , TRANSCORP and ZENITHBANK were the most active to boost market
turnover. ZENITHBANK and GUARANTY topped
market value list.
Volume
Shockers
ACADEMY leads the list of active stocks that recorded impressive volume spike at the end of today's session.
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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