…The Naira depreciated by 0.03% to close at ₦1387.45
The Nigerian equities market recorded a mild recovery at the close of today’s trading session, as the benchmark All-Share Index gained 18 basis points to settle at 196,807.15 points. The uptick was buoyed by renewed buying interest in bellwether Banking and Consumer and Industrial Goods stocks, which supported the market’s rebound.
The market closed positively on the back of price appreciations in ETERNA, NGXGROUP, NESTLE, VITAFOAM, ZENITHBANK, MTNN, UBA, DANGCEM and 24 other advancers.
Consequently, the year to date return improved to 26.47%, as market capitalization appreciated by 0.18% to ₦126.32 trillion, representing a ₦220.75 billion gain of investors’ wealth.
Sectoral performance remained positive, with three of the five indices tracked closing in positive territory while two ended lower. The Banking Index led the gainers, advancing by 0.51% on the back of strong price appreciation in ZENITHBANK and UBA. The
Consumer Goods and Industrial Goods Indices followed, rising by 0.10% and 0.03% respectively, supported by notable gains in NESTLE, VITAFOAM, UACN, CHAMPION, CADBURY, and DANGCEM, respectively. On the flip side, the Insurance and Oil & Gas Indices declined by 1.63% and 0.03%, weighed down by price losses in NEM, AIICO, MANSARD, MULTIVERSE and OANDO.
MARKET ACTIVITY: Market activity was negative today as traded volume and value depreciated by by 21.27% to 634.01million units and 24.24% to ₦29.12 billion respectively.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, increased to 0.84x from 0.59x as 32 stocks appreciated, 38 stocks depreciated, and 73 stocks closed flat.
FIXED INCOME MARKET: The average yield of the Treasury Bill closed modestly bullish at 17.35% while the Bonds market closed flat at 15.51%.
CURRENCY MARKET: The Naira depreciated by 0.03% to close at ₦1,387.45
