Nigerian stock market gains another 37bps on Monday
To commence the week, the Nigerian stock market concluded positively, with the All-Share Index (ASI) increasing by 0.37%. The buying interest in ZENITHBANK (+1.90%), OANDO (+3.61%), and ACCESSCORP (+2.28%) surpassed the losses in MTNN (-0.93%), GTCO (-1.63%), and FIDELITY (-2.06%), thereby maintaining the market in a favorable position. As a result, the ASI’s year-to-date (YTD) return improved to 15.21%, while the market capitalisation rose by N278.50bn.
An analysis of today’s market activities indicated that trade turnover was higher compared to the previous session, with the value of transactions increasing by 8.35%. A total of 653.66 million shares, valued at N21.33bn, were traded across 22,206 deals. FIDELITYBK (-2.06%) led in volume with 141.71 million units exchanged, while OKOMUOIL (+0.00%) led in value with trades amounting to N3.46bn.
The market breadth concluded positively at a ratio of 2.09-to-1, with advancing stocks outnumbering those that declined. PRSECO (+10.00%) was the leader among forty-two (42) gainers, while JBERGER (-7.48%) topped the list of twenty-one (21) losers.
NASD Summary
Today, the NASD OTC Security Index (NSI) increased by 0.64%, closing at 3,342.2 points. The market capitalisation reflected this trend, reaching N1.96 tn.
Trading activity presented a mixed scenario, with the volume traded rising by 111.39% to 471,471 units, while the total value of transactions fell by 233.20% to N10.61 million. A total of 42 deals were recorded during the session.
