Daily Stock Market Scorecard, 30th November 2020

Market Summary

The gaining streak of the market continued into its 5th day as November closed 14.74% up, adding N2.35 trillion to the wealth of Investors.

Today, the All-Share Index (ASI) appreciated by 0.45% to close at 35,042.14 points and Market Capitalization rose to N18.31 trillion.

Today’s gain brings the year-to-date performance of the market to 30.55%.

Total volume traded climbed to 415.53 million units (+118.38%), valued at N4.88 billion (+47.05%).

The market recorded 17 gainers and 29 losers (Friday: 18 against 16), indicating a negative market sentiment.

The Insurance led the indices chart with +1.63% while Banking index trailed with -2.49%.

Airtel Africa and MTNN appreciated to secure a gain for the market following early bearish signals induced by GTB, Zenith and BUA Cement.

Zenith, Airtel Africa and MTNN dominated the turnover chart in value terms. We noticed block and cross trades in the shares of Zenith, MTNN and Airtel.

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