Daily Stock Market Scorecard, 24th November 2020

Market Summary

After three consecutive days of losses, the Bulls rallied back to pull the All-Share Index (ASI) up by 0.65%.

Today’s gain brings the Year-to-date performance of the market to 27.95%.

Market capitalization rose to N17.94 trillion (+0.65%) as investors recorded a one-day gain of N113.38 billion.

Total volume traded fell to 365.41 million units (-35.67%), valued at N4.69 billion (-35.96%).

Twenty-six (26) stocks appreciated while 16 declined as market sentiment turned positive (Monday: 05 against 46) .

All sectoral indices inched up today. Banking index gained +2.18% as the MPC held MPR and all other policy parameters constant at the end of its final meeting for 2020.

Stanbic, UBA and Access Bank gained while Julius Berger and Guinness were among the losers.

Zenith, GTB and Access Bank dominated the turnover chart in value terms.

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