Nigerian Stock market All-Share Index gains 34bps on Monday

• The Nigerian equities market opened the week on a positive note, with investors’ wealth increasing by ₦228.48 billion, pushing the market capitalization to ₦66.69 trillion. The NGX All-Share Index (ASI) advanced by 34 basis points to close at 106,116.18 points, supported by strong buying interest in key stocks such as GTCO (+6.35%), Nigerian Breweries (+3.85%), and UBA (+0.59%). 
• ACCESSCORP dominated the volume chart, accounting for 12.16% of the total shares traded, although it shed 0.42% to close at ₦23.70. On the value chart, GTCO led, contributing 18.01% of total value traded, following its 6.35% price appreciation to ₦67.00. INTBREW topped the gainers’ chart with the maximum permissible daily gain of 10%, closely followed by LEGENDINT (+9.97%), as investors’ sentiment remained strong towards the newly listed stock. On the flip side, LIVESTOCK led the laggards, declining by 10.00%. 

NASD SUMMARY

• The NASD OTC market closed in positive territory, as the NASD Securities Index (NSI) advanced by 0.41% to settle at 3,282.42 points. Correspondingly, the market capitalization rose to ₦1.922 trillion.