NSEASI Closes Above 35,000bpts, Inches Up by 6.23% as Circuit Breaker Triggers

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Thursday, November 12,  2020 / 03:32 PM / Proshare MARKETS / Header Image Credit: Vanguard News                


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Equities market closed today on a positive note, as NSEASI appreciated by +6.23% to close at 35,342.46 basis points as against +1.90appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +31.67%.

     

See Index Performance Trend

          

Market Breadth (Look Up Market Data        

        

Market breadth closed positive as AIRTELAFRI led 65 Gainers as against 8 Losers topped by GSPECPLC at the end of today's session - an improved performance when compared with previous outlook.


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See losers list      

  

Market Turnover                                                                                             

        

Market turnover closes positive as volume moved up by +39.00% as against +48.27uptick recorded in the previous session. ZENITHBANK , FBNH and ACCESS were the most active to boost market turnover. ZENITHBANK and MTNN topped market value list.  

      

See Value Boosters    

            

Volume Shockers            

        

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


Other Volume Spikes  

 

Additional Comments      

The Nigerian Stock Exchange today triggered a market-wide circuit breaker at 12:55p.m, when the NSE All-Share Index (NSE ASI) rose beyond the set threshold of 5%, triggering a 30-minute trading halt of all stocks. This was the first time that the circuit breaker had kicked in since its introduction in 2016.

 

As stated by the NSE, the Circuit Breaker protocol which was triggered by the increase of the NSEASI from 33,268.36 to 34,959.39  was aimed at preventing the market from volatile trading activities. The market reopened at exactly 1:25pm with a 10-minute intraday auction session, before resuming continuous trading till the close of the day at 2:30pm

 

The NSEASI eventually closed trading with a record growth of +6.23%.

 

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