As of Thursday afternoon, COVID-19 has touched 171 countries, sickened over 482,800 with at least 21,896 deaths recorded. Fears continue to mount as numbers of new infections in the US is growing quickly.
The uncertainty about when the virus will be tamed continues to hunt companies and investors despite the unprecedented trillions that have thrown at the pandemic. Until there is a preventive vaccine or a cure, the bulls may remain too weak to lead a rally.
Today at the local bourse, the All Share-Index (ASI) recorded another marginal movement with a growth of 0.13% to abate the Year-to-Date (YTD) loss of the Market to 18.94%.
Other global indices:
- FTSE 100 (UK) – up by 2.24%
- Dax (Germany) – up by 1.28%
- CAC 40 (France) – up by 2.51%
- Nikkei 225 (Japan) – down by 4.51%
- S & P 500** (US) – up by 3.54%
- Nasdaq** (US) – up by 3.63%
**US Market is still active till 9.00 p.m.
Market Breadth: The sentiment of investors was positive today as the bulls dominated trading activities with 24 rising stocks as against the bears’ 8 declining stocks. Patiently, investors continue to hunt penny and underpriced stocks in anticipation of the bounties ahead. See the list of top gainers and losers below:
Market Turnover: Turnover declined for the third consecutive day as ‘work from home’ kicks in. The Top ten trades are summarised below.
Have a good evening.