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Equity Market Halts 12 Successive Gaining Streak With A Loss Of N143.75 Billion - Business - Nairaland

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Equity Market Halts 12 Successive Gaining Streak With A Loss Of N143.75 Billion by postbox: 9:46pm On Oct 07, 2020
The Nigerian equity market today (Wednesday) closed trading on a negative note, as investors on the Nigeria Custom street took profit on 31 medium and large capitalized stocks to end the 12 successive gaining streak. As a result, market breadth closed negatively, recording 31 losers as against 21 gainers.
In summary, the All-Share Index (ASI) decreased by 275.02 absolute points, representing a decline of 0.95% to close at 28,643.35 points. Similarly, the overall Market Capitalization size lost N143.75 billion, representing a decline of 0.95% to close at N14.97 trillion.

BERGER emerged top gainer (by percentage points) today, while UNILEVER tops the losers’ chart.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; UNILEVER (-9.89%), CORNERST (-9.09%), ZENITH (-6.01%), GUINNESS (-5.66%), MANSARD (-4.74%), DANGSUGAR (-2.90%), UBA (-2.84%), GUARANTY (-1.59%), MTNN (-1.54%), UACN (-1.43%), and DANGCEM (-0.13%).


NASD OTC MARKET

The NASD OTC market performance indicators today (Wednesday) closed unchanged, as the Unlisted Securities Index (USI) and the Market Capitalization value closed at 726.93 points and N533.98 billion respectively.

However, traded Volume and Value rose significantly compared to yesterday’s position. The pair increased by 1,293.60% and 1,244.85% respectively to 732,338 units and N77.09 million in 8 deals.

SOURCE:https://brandspurng.com/2020/10/07/equity-market-halts-12-successive-gaining-streak-with-a-loss-of-n143-75-billion/

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