TrustBanc Daily Stock Market Scorecard, 6th April 2020

TrustBanc Daily Stock Market Scorecard, 6th April 2020

“I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close,” words of Kirill Dmitriev, CEO of the Russian Direct Investment Fund.

The meeting scheduled to agree a deal today has now been moved to Thursday. Oil prices took a hit for the postponement as Brent and WTI nosedived.

Banking stocks dominated the gainers’ and turnover chart but could not rescue the All Share-Index (ASI) from the Bears. The ASI lost 2.02% to increase the year-to-date loss of the market to 23.00%. Except for the ASI, all other market indicators closed in green. See the image below for a complete snapshot of market performance.

Market Breadth: The breadth of the market was very strong today as positive sentiments dominated the first day of trade in the new week. ACCESS led the chart of 21 gainers and NAHCO lost 10% to lead the chart of 13 losers. See the list of top gainers or losers below:

Market Turnover: market activities almost doubled in volume and grew by 38.6% in value to set the new week off to a positive start. Investors were heavily involved in the shares of GTB, striking decent bargains at N18.02. See top 10 traded stocks below:

Have a good evening.

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