Buy interest in SEPLAT, MTN and GTCO help ASI gain 0.86% on Monday
- To begin the week, the Nigerian stock exchange extended its winning streak from the prior session, as the NGX All Share Index (ASI) advanced by 0.86%, to close at 144,822.77 points. Consequently, the year-to-date return climbed to 40.71% from the 39.50% recorded in prior week. Market capitalisation also gained N786.24bn (+0.86%), settling at N91.92trn.
- The market performance was largely driven by buy interest in SEPLAT (+10.00%), MTNN (+3.53%), and GTCO(+3.29%), outweighing sell pressure in UBA (-1.40%), ACCESSCORP (-1.89%), and CADBURY (-1.99%).
- Market activity was down, with transaction volume and value declining by 4.56% and 25.89% respectively. ELLAHLAKES (+9.95%) led the volume chart with 80.07m units traded, while GTCO (+3.29%) led in value with N1.97bn worth of transactions.
- Market breadth closed positive at 2.04x, reflecting more advancers than decliners. MANSARD (+10.00%) led the forty-seven (47) gainers, while INTENEGINS (-8.42%) topped the twenty-three (23) laggards, and the remaining stocks closing flat
NASD Summary
- The NASD started the week on a positive note, as the NASD OTC Securities Index (NSI) and market capitalisation advanced by 0.70% , closing at 3,472.90 points and N2.08trn, respectively.
- Market activities closed lower today as transaction volume and value surged by 79.34% and 96.30% respectively.
