December 15, 2020/Cowry Asset Report
The domestic market index advanced by 1.10% to close at 35,225.22pointsamid sustained bullish activity even as the Exchange printed 28 gainers as against 14 losers at the close of trading session.
Hence, the year-to-date gain of the NSE ASI rose to 31.23%. Notably, investors were bullish on blue-chip stocks such as DANGCEM, WAPCO, GUARANTY and ZENITHBANK; hence their respective shares prices rose by 3.72%, 7.14%, 1.67% and 3.98%.
Performance across sub-sector gauges tracked was positive as most of the sub-indices tracked closed in green save for the NSE Consumer Goods index which fell by 0.09%. The NSE Insurance led the gainers by 3.50%, followed by the NSE Industrial, NSE Banking and NSE oil/Gas index by 2.40%, 2.04% and 0.42% respectively. Meanwhile, activity in the market was mixed as total deals and volume of stocks traded rose by 4.81%and26.98% to 4,354 dealsand0.26billion units respectively. However, the value of stocks traded fell by 20.36% to N2.9 billion.
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