stock investors

Stock investors rally N375bn gain, capitalisation climbs to N20.28trn

Investors in the Nigerian Stock Exchange (NSE) market are smiling to the bank as this year end as they gain over N375billion on Wednesday, December 23, 2020, as the market capitalisation climbs to N20.28trillion.

The market breadth closed positive with 26 gainers against seven losers.

The ASI grew by 910.13 basis points from 37,893.61 index points the previous day to 38.803.74 while the market capitalisation of equities appreciated by N475bn to close at N20.28tn from N19.81tn.

On the activity chart, the premium subsector dominated in volume terms with 1.13 billion shares exchanged in 1,728 deals. The subsector was enhanced by the activities in the shares of Zenith Bank Plc and Access Bank Plc.

The insurance subsector was boosted by the activities on the shares of Veritas Kapital Plc and AXA-Mansard Plc followed with 155.96m units traded in 287 deals.

In all, investors exchanged a total of 1.497 million shares in 4,319 deals.

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