Bulls & Bears’ battle end in a near-stalemate at the Nigerian stock market
By
Olumide Adesina
-
April 27, 2020
The Nigerian stock market opened the week on a mild note, with the All-Share Index gaining +0.07% to close Monday’s session at 22,616.28 index points. The market capitalization also gained 0.07%, as it closed at N11.78 trillion.
Amid the mild gains recorded, activity level showed weak performance. Total volume and value traded depreciated by -48.91% and -40.35% to 108.12 million units and N1.33 billion, respectively.
Volume in the subsector was driven by activities in the shares of Guaranty Trust Bank and UBA (United Bank for Africa) Plc.
Across sectors, two of the five indices under our coverage gained. Price appreciation in GUARANTY, UBN (Union Bank of Nigeria), and ZENITH BANK moved the NSE (Nigerian Stock Exchange) Banking index up by 1.12%, while the Oil & Gas followed to gain 0.39%. Conversely, the Consumer Goods index led the laggards with -1.90% depreciation on NB (-10.00%) sell-offs, while the insurance and industrial indices trailed distantly at -0.25% and -0.04% respectively.
https://nairametrics.com/2020/04/27...-in-a-stalemate-at-the-nigerian-stock-market/
Source:
By
Olumide Adesina
-
April 27, 2020
The Nigerian stock market opened the week on a mild note, with the All-Share Index gaining +0.07% to close Monday’s session at 22,616.28 index points. The market capitalization also gained 0.07%, as it closed at N11.78 trillion.
Amid the mild gains recorded, activity level showed weak performance. Total volume and value traded depreciated by -48.91% and -40.35% to 108.12 million units and N1.33 billion, respectively.
Volume in the subsector was driven by activities in the shares of Guaranty Trust Bank and UBA (United Bank for Africa) Plc.
Across sectors, two of the five indices under our coverage gained. Price appreciation in GUARANTY, UBN (Union Bank of Nigeria), and ZENITH BANK moved the NSE (Nigerian Stock Exchange) Banking index up by 1.12%, while the Oil & Gas followed to gain 0.39%. Conversely, the Consumer Goods index led the laggards with -1.90% depreciation on NB (-10.00%) sell-offs, while the insurance and industrial indices trailed distantly at -0.25% and -0.04% respectively.
https://nairametrics.com/2020/04/27...-in-a-stalemate-at-the-nigerian-stock-market/
Source:
