Bullish run in MTN, WAPCO, DANGCEM, and BUACEMENT leads to 0.49% rise in Market value
- The Nigerian stock market sustained its bullish run, as the NGX All-Share Index (ASI) rose by 0.49% to attain a new level of 154,489.90 points. As a results, the year-to-date reached 50.10% from the 49.37% in the previous session, while the market capitalisation expanded by N478.26bn settling at N98.06trn.
- The bullish sentiment was persistent interest in select large cap stocks such as MTNN (+2.00%), WAPCO (+8.63%), DANGCEM (+1.61%), BUACEMENT (+2.91%), which outweighed selloffs recorded in STANBIC (-9.15%), NB (-7.83%), and OANDO (-6.44%).
- Market activity notably improved, with the transaction volume and value increased by 57.24% and 12.25%, respectively. JAPAULGOLD (+1.19%) led the volume chart with 436.05mn units, while WAPCO (+8.63%) led the value chart with trades worth N6.98bn.
- Market breadth closed negative at 0.92x, indicating more decliners than gainers. PZ (+10.00%) led the thirty-four (34) gainers, while MULTIVERSE (-9.71%) led the thirty-seven (37) laggards, with the remaining stocks closing flat.
NASD Summary
- The NASD reversed losses from the prior session, as the NASD Securities Index (NSI) and market capitalisation edged higher by 0.38%, closing at 3,640.49 points and N2.18trn, respectively.
- Market activity was down, with transaction volume and value lower by 83.81% and 96.50%, respectively.
- SDCSCSPLC (+8.45%) topped the market gainers, while SDFCWAMCO (-8.82%) led the decliners in today’s session.
