…The Naira depreciated by 0.05% to close at N 1362.84
The index opened the week in positive territory, with the All-Share Index (ASI) gaining 0.46% to settle at 243,707.07 points. This positive start extends the recovery momentum seen at the end of the previous week, where the market rebounded into the green after a four day bearish streak.
Market performance was buoyed by gains in FCMB, ARADEL, FIRSTHOLDCO, MTN. GTCO, and 27 other gainers.
Consequently, the market’s (YTD) return advanced to 56.61%, while market capitalization appreciated by 0.46% to close at N 156.30 trillion. This upward movement translates to a \714.33 billion gain for investors.
The market closed mixed today, with three sectors advancing, one declining, and one unchanged. The Oil Gas Index emerged as the day’s top performer, climbing 0.87% on the back of strong investor demand for heavyweights including OANDO, ARADEL, and
ETERNA The Insurance Index also posted a strong session, ad%Æncing 0.62% as the sector’s gains were firmly anchored by INTENEGINS, CONHALLPLC, LINKASSURE, and SOVRENINS. Close behind, the Banking Index rose 0.59%, driven by positive momentum in FCMB, WEMABANK, ZENITHBANK, and GTCO. Conversely, the Consumer Goods Index suffered a notable hit, sliding 1.33% into negative territory as profit-taking was seen NB. Meanwhile, the Industrial Goods Index closed the trading session completely flat, showing no net movement for the day.
MARKET ACTIVITY:
Market activity was positive, as traded volume increased by 17.86% to 717.15 million units, while total value also moved up by 76.38% to settle at
MARKET BREADTH:
The market breadth, which measures investor sentiment through the Gainers/Losers ratio, fell to I .07x from 3.55x as 32 stocks appreciated, 30 stocks depreciated, and 69 stocks closed flat.
The Naira went up by 0.05% to close at N1362.84
