Nigerian stock market gains 0.43% on Monday
- Opening the week, the Nigerian stock market sustained its winning streak, with the NGX All Share Index (ASI) advancing by 0.43% to close at 126,689.54 points. This pushed the year-to-date ASI return to 23.09% from 22.56% recorded in the previous session. Similarly, the market capitalisation appreciated by N3.40trn to close at N80.14trn.
- The bullish momentum was supported by demand in BUACEMENT (+5.32% ), ZENITHBANK (+2.58% ), and OANDO (+0.68% ). These gains outweighed profit-taking in GTCO (-0.27), INTBREW (-9.09% ), and HONYFLOUR (-4.52 %).
- Market activity was mixed compared to previous session, with transaction volume decreased by 7.39% to 1.29bn while value edged up by 5.41% to N32.20bn. ACCESSCORP (+0.43%) led the volume chart with 138.03m units trades while SEPLAT (+0.00%) led the value chart in deals worth N5.27bn.
- Market breadth closed positive at 1.22-to-1 ratio, as market gainers outnumber losers. NSLTECH (+10.0%) led the gainers, while CAVERTON (-10.00%) topped the list of laggards
NASD Summary
- The NASD OTC Securities Index (NSI) and market capitalisation advanced by 1.42% each. The NSI also closed at 3,472.8 points while the market capitalisation settled above N2..03trn.
- Market activity plunged, as transaction volume declined by 58.56%, while trade value declined by 56.35%. Notably, number od deaks fell by 19.35% to 25 deals.
