The market wrapped up the week on a firm bullish note, as the NGX All-Share Index rose by 94bps to close at 134,452.93 points. This marks the 17th consecutive day of gains, underscoring sustained investor optimism and positive sentiment across key counters.
Boosted by standout performers like INTBREW, OANDO, FCMB, FIRSTHOLDCO, FIDELITYBK, ZENITHBANK, and UBA, the market closed positively today, with additional support from 41 other gainers.
Investor wealth increased by ₦792.59 million as market
capitalization rose by 0.94% to ₦85.05 trillion. This brings the Year-toDate (YTD) return to 30.63%.
The market ended firmly in the green, as all five sectors under our coverage recorded gains. The Consumer Goods (+1.63%),
Insurance (+1.32%), Industrial (+0.60%), Banking (+0.59%), and Oil & Gas (+0.50%) sectors all advanced, driven by price appreciations in tickers such as INTBREW, UNILEVER, SOVERNINS, CONHALLPLC, GUINEAINS, WAPCO, FBNH, FIDELITYBK, ZENITHBANK, UBA, and OANDO.
MARKET ACTIVITY: Trading activity was mixed today, with total volume dropping by 12.79% to 713.72 million units, even as the value of transactions rose by 6.92% to ₦22.67 billion.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio increased to 2.18x from 1.38x as 48 stocks appreciated, 22 stocks depreciated and 58 stocks closed flat.
FIXED INCOME MARKET: Yields on both Treasury Bills and Bonds held steady at 17.60% and 16.11%, respectively.
CURRENCY MARKET: The Naira closed unchanged at ₦1,534.79
