NSE: MARKET RALLIES ON INTEREST IN HEAVYWEIGHT INDUSTRIAL & CONSUMER GOODS STOCKS

Written by on November 19, 2020

THE NIGERIAN STOCK EXCHANGE (NSE) FOUND RESILIENCE ON WEDNESDAY AFTER THREE STRAIGHT TRADING DAYS OF LOSS AS SPECULATORS RENEWED INTEREST IN MAJOR INDUSTRIAL AND CONSUMER GOODS STOCKS.

WEDNESDAY’S GAIN OF N300.548 BILLION ALSO RECEIVED SUPPORT FROM A GROWTH OF 2.98% TO 586.66 BASIS POINTS IN THE CONSUMER GOODS INDEX, MAKING IT THE BEST PERFORMER OF THE 5 SECTORIAL INDICES.

38 GAINERS WERE RECORDED COMPARED TO 8 LOSERS, CAUSING THE MARKET TO CLOSE WITH A POSITIVE BREADTH

THE ALL SHARE INDEX (ASI) INCHED UP BY 1.68% TO CLOSE AT 34,818.01 BASIS POINTS. MARKET CAPITALISATION JUMPED TO N18.193 TRILLION.

YEAR TO DATE, THE INDEX IS UP BY 29.71%.


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