Business
Stocks celebrate democracy, record historical gain
With the presidential election over, stocks jumped out of red-zone as election tension vanished, recording a historical gain of N906.25bn in a day
The equities market closed Thursday on a positive note, as NSE ASI appreciated by +8.33 to close at 34,388.46 basis points, compared with the +2.13 appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -0.78%
Market breadth closed positive as DANGCEM led 68gainers against 3losers topped by FIDSON at the end of today’s session- an improved performance when compared with previous outlook.
Market turnover closed positive as volume moved up by +132.33% against +93.34% uptick recorded in the previous session. ACCESS, FCMB and FBNH were the most active to boost market turnover. FBNH and GUARANTY top market value list.
NSE INDUSTRIAL records +9.76% gain to emerge the most supportive sectoral index among others while NSE Asem emerged as worst hit to close with 0.00%
INTBREW leads the list of active stocks that record impressive volume spike at the end of today’s session.
-Proshare
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