Equities market sustains bullish returns, gains 0.36 per cent

January 12, 2021
7 Views

The Nigerian equities market extended previous day’s gains, advancing by 0.36 per cent to settle the All Share Index (ASI) at 40,295.95 basis points amid sustained bullish activity.

Hence, the year-to-date loss of the Nigerian Stock Exchange’s ASI turned positive at 0.06 per cent, just as the market’s worth closed at N21.070 trillion, having adding N75.91 billion for the day.

The performance was an uptick on Tuesday as the Exchange recorded 27 gainers as against 20 losers at the close of the trading session.

Specifically, buying interest in Insurance stocks such as AIICO, Lasaco and Mansard as their share prices rose by 2.68 per cent, 8.33 per cent and 9.57 per cent respectively; hence, the NSE Insurance index gained 3.61 per cent.

Similarly. the share price of Dangote Cement advanced by 2.22 per cent, pushing the NSE Consumer Goods to 0.99 per cent growth while the NSE Industrial index 0.36 per cent.

However, the NSE Banking and NSE Oil/Gas indices fell by 0.62 per cent and 0.05 per cent respectively.

There was a surge on the activity level as the total volume of trades increased by 247.5 per cent to 1.17 billion units, while values increased by 220.12 per cent at N7.97 billion, and exchanged in 5,591 deals.

Mansard Insurance was the most traded stock by volume at 49.51 million units, while MTN Nigeria was the most traded stock by value at N679.10 million.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

Nigeria Records 9,833 COVID-19 Cases In Seven Days – Highest Weekly Record

Last week, Nigeria surpassed its existing highest weekly record of COVID-19 infections by recording over 9,800 cases in seven days.

Tribune Online analysis shows that between January 3 and 9, Nigeria recorded 9,833 cases, a sharp increase from the 5,681 cases recorded in the previous week – December 27, 2020, and January 2, 2021…

[ICYMI] Minutes After Electoral College Elected Joe Biden, US Attorney General Resigns (Resignation Letter Inside)

A close ally of President Donald Trump and the United States Attorney General, William Barr, has resigned his appointment after holding a meeting with the president…

Equities market sustains bullish returns, gains 0.36 per cent

You may be interested

What Mesut Ozil said after joining Fenerbahce from Arsenal
News
News

What Mesut Ozil said after joining Fenerbahce from Arsenal

admin - January 18, 2021

Arsenal striker, Alexandre Lacazette, has wasted little time in staking his claim to take Mesut Ozil’s soon-to-be-vacant No.10 shirt. Lacazette,…

School reopening: FG, state govts confused – Shehu Sani
News
1 views
News
1 views

School reopening: FG, state govts confused – Shehu Sani

admin - January 18, 2021

Private and public schools have resumed for the first and second term across Lagos State, DAILY POST reports. The federal…

COVID-19: Parents told not to send children to schools
News
News

COVID-19: Parents told not to send children to schools

admin - January 18, 2021

Olusegun Bamgbose, National Coordinator, Concerned Advocates for Good Governance, CAGG, has warned parents in the country against sending their children…

Leave a Comment

Your email address will not be published.