Stock Investors Sustain Bullish Sentiment as Market Cap Gain ₦182 Billion

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The Nigeria local bourse sustained the bullish trend for three successive sessions as the investors’ wealth rose by ₦182 billion following investors’ bullish sentiment on bellwether stocks.

Consequently, the All-Share Index rose by 337.08 basis points representing a 0.72 percent growth, closed at 47,205.03.

While the Market Capitalization gained ₦181.72Bn, representing an upsurge of 0.72 percent to close at ₦25.45 trillion.

→ Similarly, the market activities were bullish, as the Total Volume and Value rose by 9.25 percent and 19.80 percent, respectively.

About 245.42 million units valued at ₦4.58 billion were transacted in 5,832 Deals.

GTOC appeared as the most traded stock in terms of volume, accounting for 15.93 percent of the total volume of trades, followed closely by ZENITHBANK (11.09%), NB (6.32%), FIDELITYBK (4.48%), and LINKASSURE (4.41%) to complete the top five on the volume chart.

While SEPLAT emerged as the most traded stock in value terms, with 21.50 percent of the total value of trades on the exchange.

→ CAP topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by NB (7.84%), DANGSUGAR (7.74%), ZENITHBANK (5.83%), ACCESSCORP (4.00%), GTCO (3.05%), SEPALT (2.60%), OANDO (1.47%), MTNN (1.25%), WAPCO (1.10%), UCAP (0.73%), UBA (0.63%) and twenty (21) others.

On the flip side, seventeen (17) stocks depreciated, led by ACADEMY with a price decline of 10.00 percent to close at ₦1.44, as FBNH (-11.35%), JAPAULGOLD (-3.13%), UBN (-1.61%) and WEMABANK (-0.31%) also dipped in price.

In that regard, the market breadth was positive, recording 30 gainers and 17 losers.

→ Subsequently, sectoral performance was bullish, as four of the five major sectors closed positively compared to the previous session, led by Banking (2.77%), Consumer Goods (1.94%), Oil & Gas (1.71%), and Industrial Goods (0.10%).

While the Oil & Gas sector shed 1.35 percent.