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Daily Market Wrap
Equities: Banking bellwethers hovering around support
Equities: All-Share Index up by 0.85%
Equities on the Lagos bourse edged higher today as the benchmark index rose by 0.85% to close at 26,837.42 points. Sustained demand for banking, cement and telecom stocks buoyed market index to new levels. The gauge picked up points in nine straight sessions on improved investors’ sentiment. DANGCEM (+2.81%), ZENITH BANK (+2.00%) and GUARANTY (+3.70%) amassed more gains today to cancel out losses suffered on NB (-6.76%) and DANGSUGAR (-0.80%). Level of market activities remains buoyant with transaction value coming in at ₦4.03 billion.
| Indicators | Current | Change (%) | YTD | |
|---|---|---|---|---|
| All-Share Index | 26,837.42 | 0.85% | -0.02% | |
| Volume(millions) | 322.77 | -21.87% | 56.91 bn units | |
| Value(₦ ‘b) | 4.04 | -10.80% | ₦639.20 billion | |
| Market Cap.(₦ ‘tr) | 14.03 | 0.86% | 8.25% |
Updated:Wed, 30th September, 2020 04:27pm
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