…The Naira depreciated by 0.67% to close at ₦1,494.01
The local bourse recorded a rebound at the end of today’s session, gaining 35bps to close at 142,036.23 points, up from 141,546.80 points posted in the previous session.
The bullish movement was propelled by interests in stocks such as ARADEL, FIRSTHOLDCO, DANGCEM, NB and 22 other gainers which lifted the overall market trend.
As a result, the Year-to-Date (YTD) return increased to 38.00%, while market capitalization gained 0.35% to ₦89.87 trillion, translating to a ₦309.66 billion loss in investors’ wealth.
Sectoral performance was positive, with three of the five tracked indices closing in the green. The Oil & Gas led the gains, up 2.59%, trailed by Consumer Goods (+0.90%) and Industrial Goods (+0.06%).
The surge was driven by interests in major stocks including ARADEL,
OANDO, JAPAULGOLD, INTBREW, CHAMPION, GUINNESS, NB, HONYFLOUR, and DANGCEM. In contrast, the Insurance (-1.61%) and Banking (-0.16%) indices ended in red due to price drops in GUINEAINS, CORNERST, REGALINS, ROYALEX, WAPIC, UNIVINSURE, SUNUASSUR, CUSTODIAN, VERITASKAP, WEMABANK, STERLINGNG, ZENITHBANK, GTCO, and UBA.
MARKET ACTIVITY: Market activity was positive as both traded volume and value increased by 142.09% and 90.46% to 1 Billion units and ₦24.66 billion, respectively.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio increased to 0.84x from 0.81x as 26 stocks appreciated, 31 stocks depreciated and 68 stocks closed flat.]
FIXED INCOME MARKET:
Yields in the Treasury Bills market closed bearish, increasing to 18.31%. While the bond market closed flat at 16.48%.
CURRENCY MARKET The Naira depreciated by 0.67% to close at ₦1,494.01 in the official market
