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EQUITY UPDATE

*NSE Daily Equity Report, Jan 14* ✍πŸ“ˆπŸ“‰πŸš

*Report Credit πŸ‘;* _stocksng.com_

_After 8 straight days of gain since the beginning of the year from Jan 2,  2019 till January 13, 2020 the Nigerian equities market recorded a growth of 12.88%. It however closed lower on Tuesday, January 14 as the All Share Index declined by 1.18% to settle at 29,283.15 points against the previous close of 29,633.58 points on Monday._

_The Market capitalisation declined by 1.18% to close at N15.106 trillion against the previous close of N15.287 trillion._

_Aggregate volume of traded stocks closed at 666.78 million units, up by 91.47% away from the previous close of 348.24 million units._

_The value of traded stocks declined by 23.77%, closing at N6.5 billion against the previous close of N8.5 billion._

_Total number of deals at the close of trade was 5,711, up by 6.21% from the previous close of 5,377 deals on Monday._

*Market Breadth;* ▪πŸ“ˆπŸ“‰▪
_The market Breadth closed negative as 13 stocks gained while 23 stocks declined in their share prices._

*Percentage Gainers;* πŸ“ˆ
_Beta Glass led the gainers’ list with 9.67% growth to close at N59.00 against the previous close of N53.80._

_C&I Leasing, Eko Corp Plc, Forte Oil, Cadbury and Union Diagnostics among other gainers also grew their share prices by 8.89%, 7.22%, 5.62%, 5.26% and 5.00% respectively._

*Percentage Losers;* πŸ“‰
_Tourist Company of Nigeria Plc led other price decliners, shedding 10% of its share price to close at N3.15 from the previous close of N3.50._

_NEM Insurance, NPF Microfinance Bank and Consolidated Hallmark Insurance among others also shed their share prices by 9.69%, 9.56% and 9.52% respectively._

*Volume Drivers;* 🍚🍚
_• Union Diagnostics traded about 340.2 million units of its shares in 7 deals, valued at about N71.4 million._

_• Zenith Bank traded about 69.72 million units of its shares in 683 deals, valued at N1.5 billion._

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