What happened when a heard of Herculean Bulls came charging at the Bears? Hint: They turned into pulp   


15 April 2020 : The local bourse extended its bullish run today as the ASI appreciated by 3.02% to close the session at 22,539.94 points. The index benefited from gains recorded in mid/large cap stocks such as DANGCEM (+10.00%), NB (+984bps), ZENITHBANK (+966bps), GUARANTY (+709bps) and ACCESS (+687bps) among others. Similarly, there was an improvement in market activity level as the total volume and value traded increased 23.29% and 35.94% above the previous session. Likewise, the market breadth remained positive, closing at 2.45x as 27 gainers emerged against 11 decliners.


What will shape the market tomorrow? 


Investors continued to take position in a number of attractive counters trading at lower bands, as the bulls once again dominated the trading session. In the absence of any negative event that is capable of weakening investors' confidence, we expect no deviation from this bullish pattern tomorrow.


Reporting for EasyKobo on Wednesday , 15 April 2020 in Lagos, Nigeria


Source: Vetiva Capital Management Limited



     

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