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Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 - Business - Nairaland

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Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by deji17: 12:24am On Dec 30, 2020
NSE ranked world’s best-performing stock market in 2020

The Nigerian Stock Exchange (NSE) has been named the best-performing stock market among the 93 equity indexes being tracked by Bloomberg across the world.

The all-share index which opened at 38,800.01 inched higher by 310.16 points or 0.80 percent to cross the 39,000 mark and close at 39,110.17.

Also, the market capitalisation rose by N167 billion to close at N20.446 trillion compared with N20.279 trillion achieved on Thursday before the Christmas and Boxing Day holidays.

Year-to-date returns are currently at 45.7 percent; the best annual return since 2013.

Analysis by TheCable also showed that investors had booked N7.31 trillion in gains as of December 22, 2020.

The rally was also supported by the dovish stand of the Central Bank of Nigeria (CBN).

The apex bank cut the base monetary policy rate by 200 basis points to 11. 5 percent, in order to boost lending, discourage savings and drive growth to counter the pandemic effect on the economy, while also keeping rates low in the fixed income market.

Excess liquidity (created by CBN’s OMO restriction), the hunt for double-digit yields and depressed pricing, helped to rekindle local interests in the equities market in 2020.

The uptrend recorded at the end of trading on Tuesday was driven by price appreciation in medium and large capitalised stocks amongst which are; BUA Cement, Zenith Bank, Access Bank, NPF Microfinance Bank and NEM Insurance.

A breakdown of the price movement chart shows that Jaiz Bank dominated the gainers’ chart in percentage terms with 10 percent, to close at 66k per share.

NEM Insurance followed with 9.56 per cent to close at N1.49, while Lasaco Assurance rose by 8.82 per cent to close at 37k per share.

NPF Microfinance Bank improved by 8.39 per cent to close at N1.68, while Japaul Gold and Ventures appreciated by 8.33 per cent to close at 52k per share.

Conversely, NCR led the laggards’ chart in percentage terms, losing 9.68 per cent to close at N1.96 per share.

FTN Cocoa Processors trailed with 8.99 per cent to close at 81k, while Trans-Nationwide Express shed 8.86 per cent to close at 72k per share.

Chams shed 8.70 per cent to close at 21k, while AXA Mansard Insurance lost 4.76 per cent to close at N1 per share.

Also, the total volume of shares traded rose by 85.4 percent with an exchange of 722.57 million shares worth N4.38 billion in 5,042 deals.

This was in contrast with a total of 381.72 million shares valued at N7.97 billion exchanged in 2,925 deals on Thursday.

Transactions in the shares of AIICO Insurance topped the activity chart with 273.13 million shares valued at N326.09 million.

Oando followed with 81.45 million shares worth N323.33 million, while FBN Holdings traded 41.09 million shares valued at N294.21 million.

Access Bank traded 40.14 million shares worth N353.27 million, while Champion Breweries transacted 36.33 million shares worth N30.16 million.

https://www.thecable.ng/nse-ranked-2020-best-performing-stock-market/amp

10 Likes 3 Shares

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by deji17: 12:29am On Dec 30, 2020
Nigeria Stock Exchange also made history by surpassing N20 trillion for the first time ever.

51 Likes 3 Shares

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by Simplyleo: 12:37am On Dec 30, 2020
When it was reported that the stock market closed for the year with an aggregate loss of about 20b, shildren of 8, anger and perdition literally ate Buhari and Tinubu raw for being responsible.

Now that the same NSE has been named the best-performing stock market among 93 equity indexes, watch how same unstable elements make a very sharp U-turn relieving Buhari and Tinubu of responsibility for such good performance.

In the case, the reason for such performance is investors' efforts, not Buhari and Tinubu.

Na only Baba God sabi how their brains dey accommodate such clear conflict of ideology. undecided

78 Likes 7 Shares

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by Poloyanabo2(m): 12:43am On Dec 30, 2020
Simplyleo:
When it was reported that the stock market closed for the year with an aggregate loss of about 20b, shildren of 8, anger and perdition literally ate Buhari and Tinubu raw for being responsible.

25 Likes 3 Shares

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by deji17: 12:53am On Dec 30, 2020
Simplyleo:
When it was reported that the stock market closed for the year with an aggregate loss of about 20b, shildren of 8, anger and perdition literally ate Buhari and Tinubu raw for being responsible.

Now that the same NSE has been named the best-performing stock market among 93 equity indexes, watch how same unstable elements make a very sharp U-turn relieving Buhari and Tinubu of responsibility for such good performance.

In the case, the reason for such performance is investors' efforts, not Buhari and Tinubu.

Na only Baba God sabi how their brains dey accommodate such clear conflict of ideology. undecided

But they are already saying that the performance has not positively affected their lives in any way and when you ask if they invested in the market, the matter go turn into look me I look you...

36 Likes 7 Shares

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by after4: 1:38am On Dec 30, 2020
So how that nonsense wey unah post take affect the price of garri for market. Stock prizes are they not speculations? And Nigerian stocks should be doing well as they will be under valued because of the great recession your god/mennaquine put the country into. A good investor should buy Nigerian stocks now because they are under valued.


deji17:


But they are already saying that the performance has not positively affected their lives in any way and when you ask if they invested in the market, the mater go turn into look me I look you...

13 Likes 2 Shares

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by SmartPolician: 4:07am On Dec 30, 2020
Much as Nigeria has become a bearer of bad news lately, we have to celebrate our little wins.

Kudos to every trader working round the clock to make the NSE stand out.

21 Likes 1 Share

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by ATEAMS: 5:13am On Dec 30, 2020
ITrust yourself. You’ve survived a lot, and you’ll survive whatever is coming.
Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by Adekulay: 5:13am On Dec 30, 2020
Why do i feel like this lots are lying. Scam

12 Likes 2 Shares

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by Monaco2(m): 5:14am On Dec 30, 2020
Nawa, damage control

2 Likes 2 Shares

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by pyyxxaro: 5:14am On Dec 30, 2020
All naa Scam

2 Likes 1 Share

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by MasterRahl(m): 5:14am On Dec 30, 2020
angry

I read this news by 5:14am after a long night's work. Well, what can I say? Whether this is true or not, I'd say congrats to those that made it happen.

2021 shows up in a couple of hours...40+ hours maybe. Let's make it count.

1 Like

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by IgiveLadiesBj: 5:15am On Dec 30, 2020
Y'all lost 2B the last time
Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by Kingrefreshed: 5:15am On Dec 30, 2020
deji17:


https://www.thecable.ng/nse-ranked-2020-best-performing-stock-market/amp

Animal news! Jurassic Park. Una get plenty magas for NIGERIA nah

1 Like

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by simplyhonest(m): 5:15am On Dec 30, 2020
Interesting
Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by BizBayo: 5:16am On Dec 30, 2020
At least some good news
Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by HeadNigga: 5:16am On Dec 30, 2020
We just dey pack world best but The average Nigerian is hungry

5 Likes

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by Olude193: 5:17am On Dec 30, 2020
I need a very good stockbroker
Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by Aystarz: 5:21am On Dec 30, 2020
HeadNigga:
We just dey pack world best but The average Nigerian is hungry

Tells you it's concocted BS sponsored by the liars in government. All they're in for is the propaganda.

5 Likes 3 Shares

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by wunmi590(m): 5:26am On Dec 30, 2020
Audio world best performing

2 Likes

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by JaneYave(f): 5:26am On Dec 30, 2020
Kudos to them. Waiting for final analysis. Who is ringing the bell for close of market tomorrow?
Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by supereagle(m): 5:28am On Dec 30, 2020
Olude193:
I need a very good stockbroker
Your location?
Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by Justdare: 5:32am On Dec 30, 2020
Hnmmm
Naija came 1st in a class of 19 with a 45% score.
It only shows how rough and unstable the world finance is at the mo. let us learn to appreciate little mercies we receive as Nigerians.
We will get there someday.

7 Likes

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by Tab4kids(f): 5:34am On Dec 30, 2020
cool

1 Like

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by ekwelum2(m): 5:40am On Dec 30, 2020
deji17:
Nigeria Stock Exchange also made history by surpassing N20 trillion for the first time ever.


In respect to the current exchange rate, hmm that history strong oo

2 Likes

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by HitlerGaddafi: 5:40am On Dec 30, 2020
I had to check for the news source.

2 Likes

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by mrkings84(m): 5:49am On Dec 30, 2020
Lately Buhari is always on the news for good.
Congrats to him.... No be only bad news we go dey hear from abokiis

4 Likes

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by Gkay1(m): 5:51am On Dec 30, 2020
whosoever type dis lie is not feeling fine. for d country wey we dey dey see everything, someone still dey lie for us. na wa o

3 Likes

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by WibusJaga: 5:53am On Dec 30, 2020
Can any Economist in the house pls explain how this impacts the Nigerian common man positively

1 Like

Re: Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020 by biden123(m): 5:58am On Dec 30, 2020
WibusJaga:
Can any Economist in the house pls explain how this impacts the Nigerian common man positively
Its fake.

They pay millions of $ to generate those fake figures and ranking.

1 Like

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