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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.
| Indicators | Current | Change (%) | YTD | |
|---|---|---|---|---|
| All-Share Index | 30,530.69 | 3.71% | 13.74% | |
| 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
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