Sign up to get our Insights delivered to your inbox
Daily Market Wrap
Equities: Banking bellwethers hovering around support
Equities sustain the positive momentum
Market momentum was electrifying in today’s session. The release of better-than-expected Q3 results for select tickers further bolstered investors’ confidence. The NSE All-Share Index ended the week in the green zone—soaring by 3.71% to close at 30,530.69 points. Leading the gains today were index-movers — NESTLE (+10.00%), DANGCEM (+3.03%), MTNN (+2.86%), and BUACEMENT (+9.90%). Elsewhere, GUARANTY (+4.00%) and ZENITHBANK (+2.79%) buoyed performances of the lender’s index. The gauge sustained its upward trend in all four-trading sessions this week, printing a WTD return of 6.39%—even as investors continue to hunt for value and attractive returns on equities assets. NSE Consumer Goods index rose the most today, advancing 5.58% following renewed interest in top brands like NESTLE (+10.00%) and UNILEVER (+5.70%). Consequently, year-to-date (YTD) return consolidated at +13.74% while market capitalization soared by ₦571 billion to close at ₦15.98 trillion.
|Volume(millions)||807.81||115.27%||66.69 bn units|
|Value(₦ ‘b)||10.50||126.60%||₦700.75 billion|
|Market Cap.(₦ ‘tr)||15.98||3.71%||23.15%|
Updated:Fri, 30th October, 2020 06:11pm
Updated: Wed, 3rd July, 2019 at 7:30am
Interested in joining us?
Whether you are just starting out or looking to take that next step in your career, Coronation Merchant Bank offers you an opportunity to make meaningful impact and achieve your ambitions. Do you have what it takes?