780 views | Blakey Ijezie | November 27, 2019
The NSE 30 (Nigerian Stock Exchange 30) is the price index that tracks the Top 30 companies in the NSE in terms of market capitalization and liquidity.
The companies are reviewed based on their closing balances at the end of trading session on Tuesday, November 26, 2019.
The Market Capitalization declined by N73.6 billion to close at N13.0 trillion.
The benchmark index (All Share Index) shed 56 bps to close at 26,883.33 basis points.
The year-to-date return loss worsened to -14.5%.
The Top 3 Trades (by volume) were:
The Top 3 Trades (by value) were:
The Bears �dc3b overpowered the Bulls in the market yesterday and the All Share Index (ASI) shed 56 bps to settle at 26,883.33 points.
Investor sentiment as measured by the market breadth (advance/decline ratio) weakened to 1.0x from 1.3x recorded in the previous session, as 17 stocks advanced against 10 laggards.
We do expect the bullish performance to be back shortly, albeit it may be short-lived, as investors come back to take advantage of fundamentally sound low-cost stocks. These would pave ways for price appreciation in the local bourse.
I advise my friends and allies to position themselves in stocks with good fundamentals and good dividend history, as we expect cheap stocks to move up to their intrinsic value in the last month of the year.
The performances of the NSE Top 30 Companies were as follows:
B.Sc, FCA, FCTI, FIMC, CMC•
Founder & Managing Partner/CEO
Okwudili Ijezie & Co.
… Since January 1994…
Blakey Gardens, Anthony Village
Dated: Wednesday, November 27, 2019 @ 9:59 am•