…The Naira appreciated by 0.07% to close at ₦1,419.35
The local bourse rebounded to close bullish at the end of trading today, as the benchmark NGX All-Share Index advanced by 9 basis point to close at 166,256.82. Market performance improved on the back of renewed investors interest on fundamentaly sound blue-chip stocks.
The market rebounded as a result of renewed interests in stocks such as
MAYBAKER, NEM, CHAMPION, ARADEL, VITAFOAM, OANDO, ZENITHBANK, IKEJAHOTEL, FIDELITYBK, HONYFLOUR and 29 other laggards.
As a result, the year-to-date return improved to 6.84%, while market capitalization adv anced by 0.09% to ₦106.44 trillion, translating to a ₦93.48 billion gain of inv estors’ wealth.
Sectoral performance was positive, as three of the five tracked indices closed higher, one closed lower and one closed flat. The Insurance Index led the gainers, up 2.80%, due to sustained interest in NEM, ROYALEX, MANSARD, LASACO, AIICO and UNIVINSURE. In tandem, the Oil & Gas and Consumer Goods indices gained 2.40% and 0.03%, respectively, driven by appreciations in ARADEL, OANDO, TANTALIZER, CHAMPION, VITAFOAM and HONYFLOUR, respectively.
On the flip side, the Banking index was the sole laggard, down 0.69%, due to declines in GTCO, FIRSTHOLDCO, WEMABANK and UBA. Meanwhile, the Industrial Goods index closed flat.
MARKET ACTIVITY:
Market activity was positive, as traded volume and value appreciated by 26.34% and 35.39% to 795.46 million units and ₦19.98 billion.
MARKET BREADTH:
The market breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 1.56x from 1.83x as 39 stocks appreciated, 25 stocks depreciated, and 66 stocks closed flat.
FIXED INCOME MARKET:
The average yield of the Treasury Bill market closed bullish at 18.33%, while the Bond market closed flat at 16.74%.
AnaOFFICIAL WINDOW
The Naira appreciated by 0.07% to close at ₦1,419.35
