…the Naira depreciated by 0.85% to N1,530.15
The Local bourse opened the week on a positive note, as renewed investor interest lifted the NGX All-Share Index (NGXASI) by 8 basis points to 106,621.91 points, up from the previous week’s 106,538.60 points.
The market’s recovery was driven by renewed buying interest in key stocks, including TRANSCORP (+9.91%), DANGSUGAR (+8.1 1%), ACCESSCORP (+2.31%), FIDELITYBK (+1.45%), and ZENITHBANK (+0.42%), alongside gains in 27 other stocks.
Consequently, the Year-to-Date (YTD) return rose to 3.59%, while the overall market capitalization increased by 0.08% to N66.77 trillion, adding N52.17 billion to investors wealth.
Sectoral performance was mainly negative as three out of five tracked indices closed in the red. The Insurance index led the laggards. driven by sell-off in CORNERST (-7.89%), SUNUASSUR 2.94%) and CONHALLPLC (-0.56%). Following closely was the Oil & Gas (-0.44%) and industrial (-0.18%) indices dipped due to losses in TOTAL (-4.93%), OANDO (-3.57) and WAPCO (-1.33%). Conversely, the Consumer Goods and Banking indices advanced b’/ 0.23% and 0.20% driven by price uptick in DANGSUGAR (+8.11%), TANTALIZER (+6.18%), ACCESSCORP (+2.31%) and FIDELITYBK (+1.45%).
MARKET ACTIVITY: Market activity was positive as both traded volume and value increased by 4.52% and 81 06% to 364.97 million units and W 7.63 billion, respectively.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio decreased to 1.19x from 1.76x as 32 stocks appreciated, 27 stocks depreciated and 67 stocks closed flat.
SYSTEM LIQUIDITY: System liquidity increased to N496.15 billion on Monday, up from (N 1.50 trillion) on Friday.
FIXED INCOME MARKET: The Treasury bills market traded flat with average yield closing at 18.93%. While, the bond market traded flat with yields closing at 18.38%.
CURRENCY MARKET: The Naira depreciated by 0.85% to close at N 1,530.15.
