Buying interest in BUACement, MTN and Fidelity leads to 0.17% market gain

• To begin the week, the local bourse extended its gains from the prior session, as the NGX All Share Index (ASI) gained by 0.17%, to close at 142,377.56 points. Consequently, the year-to-date return inched up to 38.33% from the 38.09% recorded in prior week. Market capitalisation also gained N154.77bn (0.17%), settling at N90.12trn.
• The market upswing was largely driven by buying interest in BUACEMENT (+5.40%), MTNN (+0.71%), and FIDELITYBK (+8.13%), outweighing sell pressure in WAPCO (-3.04%), NB (-5.56%), and OANDO (-6.12%).
• Market activity declined, with transaction volume and value down by 25.97% and 35.64% respectively. FIRSTHOLDCO (+0.00%) led the volume and value charts with 47.49m units traded in N1.47bn worth of deals.
• Market breadth closed negative at 0.67x, reflecting more decliners than gainers.  THOMASWY (+10.00%) led the twenty-four (24) gainers, while MANSARD (-10.00%) topped the thirty-six (36) laggards, and the remaining stocks closing flat.

NASD Summary

• The NASD OTC Securities Index (NSI) declined by 0.95% to close at 3,511.56 points, while market capitalisation fell by 0.96% to settle at N2.10trn.
• The market activity closed lower today, with volume and value declining by 27.43% and 7.02% respectively.
• SDCSCSPLC (-10.67%) topped the decliners, with no gainers recorded in today’s session.