Nigerian stock market index make 0.12% gain on Tuesday
- The Nigerian stock market sustained its positive momentum this week, as the NGX All-Share Index (ASI) advanced by 0.12%, closing at 146,055.16 points. As a result, the year-to-date (YTD) return inched up to 41.90%, from the 41.73% in the prior session. Market capitalisation also gained 0.12%, settling at N92.40trn, reflecting of sustained positive sentiment across key sectors.
- Positive sentiment was largely driven by gains in in select industrial goods and financial services stocks, namely, WAPCO (+6.06%), JBERGER (+9.99%), UBA (+1.25%), MANSARD (+10.0%), which outweighed selling pressure in UNILEVER (-9.97%), GTCO (-0.85%), and DANGSUGAR (-3.39%).
- Market activity was mixed, with trade volume down 39.63% while value of transaction rose 25.03%. LASACO (+9.90%) dominated the volume chart with 107.2mn units exchanged, whereas GTCO (-0.85%) led the value board, posting N2.61bn worth of trades.
- Market breadth closed positive at 1.63x, indicating a broader advance with 49 gainers against 30 decliners. ABCTRANS (+10.0%) topped the gainers’ chart, while JULI (-10.0%) led the losers’ list.
NASD Summary
- In today’s NASD session, the NASD Securities Index (NSI) and market capitalisation fell by 1.46%, closing at 3,614.69 points and N2.16trn, respectively.
- Market activity improved markedly, with the volume surging by 4,137.48%, while transaction value advanced by 981.48%.
- SDFSTTRUSTMB (+1.59%) topped the market gainers, while SDCSCSPLC (-11.0%) led the market laggards.
