November 16, 2020/Cowry Asset
The local Bourse resumed the week with less optimism as its ASI fell by 0.79% to close at 34,795.82points amid sustained bearish activity. Hence, the year to date gain of the NSE ASI fell to 29.63%.
Similarly, the Exchange recorded 10gainers as against 42losersat the close of the trading session.
Specifically, Tickers such as WAPCO, FLOURMILL, ZENITHBANK, UACN and FBNH moderated by 8.71%, 6.34%, 4.24%, 9.52% and 8.48% respectively amid investors sell-off.
Performance across sub-sector was bearish as most of the indices tracked closed in red except for the NSE Industrial index which rose by 2.09%.
The NSE Banking, NSE Insurance NSE Consumer Goods and NSE Oil/Gas indices moderated by 4.43%, 0.03%, 3.75% and 3.09% respectively.
Meanwhile, market activity waned as the total volume and value of stocks traded declined by 46.25% and 51.81% to0.66billion units and N7.84billion.
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