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The Nigerian equity market resumed trading activities for the new week bullish, extending the market positive sentiment to six consecutive trading days, as the market performance indicators (NGX-ASI and Market Capitalization) grew by +0.29%.
The market YTD returns stood at +6.08%, as investors’ wealth was up by ₦928 billion in six days.
The market index (All-Share Index) added 154.65 basis points today, representing a rise of +0.29% to close at 54,367.74.
The Market Capitalization also gained ₦80.71 billion, representing a growth of +0.27% to close at ₦29,609.12 trillion from ₦29,528.41 trillion last Friday.
However, market activities were mixed, as the Total Volume traded for the day reduced by -28.50%, while the Total Value traded for the day surged by +103.82%.
Approximately 191.64 million units valued at ₦4,798.73 million were transacted in 4,359 deals.
GTCO was the most traded stock in terms of volume, accounting for 26.47% of the total volume of trades, followed by ZENITHBANK (9.43%), CHAMS (8.70%), UBA (7.81%), and TRANSCORP (7.41%) to complete the top 5 on the volume chart, while GTCO was also the most traded stock in value terms, with 26.48% of the total value of trades on the exchange.
SOVRENINS topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by LINKASSURE (8.89%), INTENEGINS (8.08%), IMG (4.55%), COURTVILLE (4.08%), and eleven (11) others.
Fifteen (15) stocks depreciated, where PRESTIGE was the top loser, with a price depreciation of -8.70%, as FTNCOCOA (-6.06%), JAPAULGOLD (-5.88%), SUNUASSUR (-5.88%), and NAHCO (-2.81%) also dipped in price.
In that regard, the market breadth closed slightly positive, recording 16 gainers and 15 losers.
Furthermore, the market sector performance was positive, as three out of the five major market sectors were up, led by the Insurance sector (+0.33%), the Industrial sector (+0.03%), and the Consumer goods sector (+0.01%).
The Banking and Oil & Gas sectors dropped by -0.32% and -0.02% respectively.
