Nigerian stock market analysis: All-Share Index rebound, gains 0.62%
The Nigerian stock market analysis for today shows a recovery from yesterday’s loss as the benchmark Index increased by 0.62% to finish at 96,802.80 points. Strong investor interest in major telecommunications company MTNN (+7.54%), along with GTCO (+0.22%) and OANDO (+6.70%), propelled the broader index into positive territory, counteracting declines in UBA (-2.13%), ACCESSCORP (-2.96%), and DANGSUGAR (-3.39%). As a result, the year-to-date (YTD) return improved to 29.46%, and the market capitalization rose by ₦343.22 billion, concluding at ₦55.63 trillion.
An analysis of today’s market activities indicated that trade turnover was lower compared to the previous session, with transaction values decreasing by 9.11%. A total of 406.19 million shares, valued at ₦13.31 billion, were traded across 12,241 transactions. OANDO led both the volume and value charts, with 58.49 million shares exchanged in deals amounting to ₦5.52 billion.
The market breadth ended positively, with a ratio of 1.71-to-1, as advancing stocks outnumbered those that declined. RTBRISCOE (+9.93%) was the top performer among twenty-eight gainers, while LEARNAFRCA (-9.69%) led the decline among sixteen laggards.
