The positive performance on the floor of the Nigeria Stock Exchange (NSE) persisted in the equities market on the back of gains in Oando (+27.3 per cent), Mansard (+25.0%) and Dangote Cement (+22.5%).
With this, investors gained ₦1 trillion as the market capitalisation rose to ₦20.3trn while the returns increased to 44.5%.
- How does one celebrate Christmas this year amidst the COVID-19 pandemic?
- Lawan, Atiku, Tinubu, govs preach love, tolerance at Christmas
The All-Share index advanced by 5.4% on the weekly basis to 38,800.01 points. Activity level improved as average volume and value traded spiked 238.6% and 82.2% to 389.7 million units and ₦8bn respectively.
The most traded stocks by volume were Zenith (198.9m units), Mansard (158.3m units) and Flourmill (129.8m units) while Dangote Cement (₦6.4bn), Zenith (₦4.9bn) and Guaranty (₦3.9bn) led the value chart.
Performance remained bullish across sectors as 5 of 6 indices monitored closed in the green, except the Banking index which lost 1% due to losses in Guaranty (-2.8%) and Zenith (-1.0%).
Investor sentiment as measured by market breadth improved to 3.8x from 3.4x last week as 46 tickers climbed against 12 decliners.