The Nigerian equities market rebounded at the close of trading today, as the benchmark NGX All-Share Index advanced by 4 basis points to close at 166,129.50. The positive performance signalled renewed investor interest following profit-taking activities in the previous session.
The market held postive sway as a result of gains in MAYBAKER, EUNISELL, PZ, VITAFOAM, ZENITHBANK, TRANSCORP, FIDELITYBK, ETERNA, UBA, GTCO and 33 other stocks.
As a result, the year-to-date return improved to 6.76%, while market capitalization added 0.04% to ₦106.35 trillion, translating to a ₦30.46 billion gain for investors.
Sectoral performance was positive, with three of the five tracked indices closing high. The Insurance Index led the gainers, up 0.41%, due to renewed interest in ROYALEX, WAPIC, GUINEAINS, VERITASKAP, PRESTIGE, AIICO and CONHALLPLC. In tandem, the Banking index gained 0.38%, driven by FCMB, ZENITHBANK, FIDELITYBK UBA, WEMABANK and GTCO, while the Consumer Goods index added 0.14% on the back of appreciations in CHAMPION, PZ, and VITAFOAM. On the flip side, the Oil & Gas (-0.14%) index was the sole laggard, weighed down by losses in JAPAULGOLD and OANDO. Meanhwile, the Industrial Goods index closed flat.
MARKET ACTIVITY: Market activity was negative, as traded volume and value depreciated by 47.82% and 47.08% to 539.88 million units and ₦16.72 billion, respectively.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, increased to 1.65x from 0.88x as 43 stocks appreciated, 26 stocks depreciated, and 61 stocks closed flat.
FIXED INCOME MARKET: The average yield of the Treasury Bill market closed bullish at 18.32%, while the Bond market closed bearish at 16.75%.
OFFICIAL WINDOW: The Naira appreciated by 0.09% to close at ₦1,417.95.
