…the Naira appreciated by 1.36% to close at ₦1,455.24
The Equities market started Q4 bullish, gaining 19bps to close at 142,979.46 points, up from 142,710.48 points recorded in the last session of Q3.
The bullish momentum was propelled by demand for large-cap stocks like GTCO, NB, ACCESSCORP, MTNN, ARADEL9, along with 29 other gainers, drove the general market gain.
As a result, the Year-to-Date (YTD) return increased to 38.91%, while market capitalization gained 0.19% to ₦90.75 trillion, translating to ₦170.71 billion in profit for investors.
Sectoral performance was broadly positive, with four of the five tracked indices closing in green. The Insurance Index led the gainers, appreciating by 0.42%, followed by Consumer Goods (0.35%), Banking (0.17%) & Oil & Gas (0.12%). This was driven by interests in AIICO, CUSTODIAN, LINKASSURE, WAPIC, LASACO, UNIVINSURE, ROYALEX, PZ, CHAMPION, CADBURY, NB, GTCO, WEMABANK, ACCESSCORP, FCMB, STERLINGNG, ETERNA, OANDO and ARADEL . While Industrial Goods index (-0.02%) was the sole loser due to sell-offs in BERGER and WAPCO.
MARKET ACTIVITY: Market activity was positive as both traded volume and traded value increased by 402.50% and 82.57% to 6.23 billion units and ₦54.45 bllion respectively.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio increased to 1.31x from 0.90x as 34 stocks appreciated, 26 stocks depreciated and 67 stocks closed flat.
FIXED INCOME MARKET: Yields in the Treasury Bills and Bonds closed bearish, increasing to 17.84% and 16.21% respectively.
CURRENCY MARKET: The Naira appreciated by 1.36% to close at ₦1,455.24 in the official market.
