…The Naira depreciated by 0.08% to close at ₦1350.74
The Nigerian equities market sustained its positive momentum, as the All-Share Index edged higher by 6 basis points to close at 218,249.81 points, reflecting the market’s resilience amid pockets of selling pressure. Gains were primarily supported by Industrial Goods counters, which provided a stabilizing anchor and offset weakness observed across other segments of the market
The momentum was specifically maintained by NASCON, WAPCO, UACN, CAP, FIRSTHOLDCO, DANGCEM, MAYBAKER, ETI, FCMB, PZ and GTCO, alongside 25 other advancing equities.
Consequently, the year-to-date return improved to 40.25%, while market capitalization advanced by 0.06% to ₦140.52 trillion, representing a ₦87.53 billion addition to the market.
Sectoral performance closed broadly negative, with four of the five tracked indices settling in the red. The Industrial Goods index stood out as the sole gainer, advancing 2.85% on the back of strong buying interest in heavyweights such as DANGCEM and WAPCO.
Conversely, the Banking index declined by 1.46%, weighed down by losses in STANBIC, ACCESSCORP, UBA, WEMABANK and FIDELITYBK.
The Insurance index also shed 1.34%, pressured by selloffs in VERITASKAP, REGALINS, GUINEAINS, SOVRENINS, SUNUASSUR, and PRESTIGE.
Similarly, the ConsumerGoods index dipped 0.80%, driven by declines in INTBREW, HONYFLOUR, and NB, while the Oil & Gas index edged lower by 0.04% amid mild weakness in OANDO, JAPAULGOLD and ETERNA.
MARKET ACTIVITY: Market activity was negative, with traded volume decreasing by 14.38% to 842.48 million units and total value depreciating by 11.64% to ₦44.86 billion.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 0.57x from 1.03x as 25 stocks appreciated, 44 stocks depreciated, and 63 stocks closed flat.
FIXED INCOME MARKET: The average yield of the Treasury Bills market closed bearish at 17.49%, While the Bonds market closed flat at 15.67%.
The Naira depreciated by 0.08% to close at ₦1350.74
