TrustBanc Daily Stock Market Scorecard, 16th April 2020

TrustBanc Daily Stock Market Scorecard, 16th April 2020

Tracking from 6th April 2020, the market has now gained over 9% in 6 consecutive trading days and recovered over N980 billion for Investors. The last time the market enjoyed this bullish run was an 8-day streak between 2nd and 13th January 2020.

Today, the Bulls held on to their winning run with a marginal gain of 0.07% to close the All-Share Index (ASI) at 22,554.84 and abate the year-to-date loss of the Market to 15.97%.

See the image below for a complete snapshot of market performance.

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Market Breadth:  Profit-taking activities on the shares of Banks weakened the breadth of the market as it recorded 18 gainers compared to 28 recorded yesterday. Bargain hunters pushed the price of NESTLE to the top of the gainers list along with NB and CONOIL. STERLING and ACCESS top the table of 20 losers, this is the first time the losers have dominated the gainers in 7 trading days. See the list of top gainers or losers below:

Market Turnover: Heavy profit-taking on the shares of ZENITH and bargain exchange in the shares of blue-chips like NESTLE and DANGCEM increased the volume of the market by 16.13% and value by 29.60%. See top 10 traded stocks below:

It’s a wrap.

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