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Daily Market Wrap
Equities: Banking bellwethers hovering around support
Bulls sustain charge on local equities
Equities on the Lagos bourse held on to gains amassed since the beginning of the week, with the benchmark index advancing by 0.79% to close at 25,987.14 points. The lead indicator was supported by gains printed by bellwethers in the banking, consumer goods and industrial goods space. Leading the gains today were NB (+10.00%), WAPCO (+6.82%), ACCESS (+3.97%), and GUARANTY (+1.96%) while MTNN (+0.08%) and DANGCEM (+0.89%) garnered more points to support broad market momentum.
| Indicators | Current | Change (%) | YTD | |
|---|---|---|---|---|
| All-Share Index | 25,987.14 | 0.79% | -3.19% | |
| Volume(millions) | 359.31 | -13.24% | 56.25bn units | |
| Value(₦ ‘b) | 3.87 | -38.32% | ₦631.65 billion | |
| Market Cap.(₦ ‘tr) | 13.58 | 0.79% | 4.81% |
Updated:Thu, 24th September, 2020 04:18pm
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