…The Naira appreciated by 0.20% to close at ₦1,383.88
The Nigerian equities market extended its bullish momentum for another session, as the All-Share Index edged up by 2 basis points to close at 200,957.89 points. Selective buying across key counters was sufficient to keep the index in the green, even as the pace of advance tempered from the prior session’s uptick.
The market remained positive on appreciations in REDSTAREX, MAYBAKER, NB, ZENITBANK, AIICO, GTCO, TRANSCORP, MTNN, FIRSTHOLDCO and 21 other advancers that lifted the overall market performance.
Consequently, the year to date return improved to 29.14%, as market capitalization appreciated by 0.02% to ₦129.00 trillion, representing a ₦20.63 billion addition of investors’ funds.
Sectoral performance closed negative, with just two indices posting greens. The Banking Index led the gainers, advancing 0.26%, driven by price appreciations in ZENITHBANK, GTCO, FIDELITYBK, and FIRSTHOLDCO. Similarly, the Consumer Goods
Index rose by 0.18%, suistained by MCNICHOLS, CHAMPION and NB. On the flip side, the Insurance Index had the steepest loss, down by 0.82% due to profit-taking in SUNUASSUR, VERITASKAP and CONHALLPLC. Also, the Industrial Goods and Oil & Gas Indices slipped by 0.21% and 0.16%, pressured by losses in CAVERTON, OMATEK, WAPCO, CUTIX, OANDO and JAPAULGOLD, respectively.
MARKET ACTIVITY: Market activity was positive, with traded volume and value appreciating by 26.05% and 30.54% to 678.13 million units and ₦33.14 billion, respectively.
MARKET BREADTH: The market breadth, which measures investor sentiment through the Gainers/Losers ratio, decreased to 0.83x from 1.00x as 30 stocks appreciated, 36 stocks depreciated, and 66 stocks closed flat.
FIXED INCOME MARKET: The average yield of the Treasury Bill and Bond markets closed slightly bearish at 17.70% and 15.59%, respectively.
CURRENCY MARKET: The Naira appreciated by 0.20% to close at ₦1,383.88
