Nigerian stock market Analysis: ASI recovers with 12bps on Tuesday
The Nigerian stock market Analysis of todays shows the All-Share Index, ASI, rebounding from its recent decline today, concluding the session in positive territory with an increase of 12 basis points, ultimately settling at 95,895.92 points. The interest from investors in SEPLAT (+1.28%), STANBIC (+6.74%), and OANDO (+9.90%) surpassed the losses experienced by TRANSCOHOT (-3.97%), FBNH (-0.72%), and UBA (-1.32%), thereby maintaining a positive market environment. Consequently, the year-to-date (YTD) return improved to 28.25%, with market capitalization rising by ₦65.05 billion to reach ₦54.45 trillion.
An Nigerian stock market Analysis of today’s market activities revealed an increase in trade turnover compared to the previous session. The value of transactions rose by 0.50%, with a total of 1.01 billion shares (a decrease from 3.55 billion in the prior session) valued at ₦7.69 billion exchanged across 8,295 transactions. JAIZBANK (+5.07%) dominated both the volume and value charts, with 651.29 million units traded in transactions amounting to ₦1.50 billion.
The market breadth concluded on a negative note, with a ratio of 0.86-to-1, indicating that declining stocks outnumbered those that advanced. THOMASWY (-9.71%) was the worst performer among twenty-one others, while LEARNAFRCA (+9.94%) led the gainers, surpassing eighteen others on the leader’s list.
