The Nigerian equities market maintained its bullish streak in today’s session, as the All-Share Index advanced by 28 basis points to close at 203,161.81 points.
The market’s positive performance was supported by price appreciations in NGXGROUP, UBA, ZENITHBANK, HONYFLOUR, GTCO, WAPCO, ARADEL, FIRSTHOLDCO, alongside 22 other advancing stocks.
Consequently, the year-to-date return improved to 30.56%, while market capitalization advanced by 0.28% to ₦130.77 trillion, representing a ₦369.74 billion gain in investors’ wealth.
Sectoral performance closed positive, as all five tracked indices ended in the green. The Banking index advanced by 1.12%, driven by buying interest in UBA, ZENITHBANK, GTCO, and FIRSTHOLDCO. Similarly, the Insurance and Consumer Goods indices gained 0.67% and 0.44%, respectively, supported by price appreciations in INTENEGINS, GUINEAINS, REGALINS, UNIVINSURE, CORNERST, NESTLE, and HONYFLOUR. The Oil & Gas and Industrial Goods indices also rose by 0.43% and 0.18%, respectively, on the back of gains in ARADEL, ETERNA, CUTIX, andWAPCO.
MARKET ACTIVITY: Market activity was negative, as traded volume and value depreciated by 35.17% and1.84% to 652.86 million units and ₦39.82 billion.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, increased to 0.97x from 0.69x as 30 stocks appreciated, 31 stocks depreciated, and 72 stocks closed flat.
FIXED INCOME MARKET: The average yield of the Treasury Bills Market closed bullish at 17.43%, while the Bonds Market closed flat at 15.60%.
CURRENCY MARKET: The Naira appreciated by 0.91% to close at ₦1,359.32
