Stock market capitalization appreciates by N111.1bn on Thursday

• The Nigerian stock market closed today’s session on a bullish note reversing some of the previous day’s loss, as the NGX All Share Index (ASI) rose by 0.12% to close at 143,239.23 points. Consequently, the year-to-date (YTD) return appreciated to 39.17% from 39.00% recorded in the previous session, while the market capitalization appreciates by N111.1bn to settle at N91.1trn.
• The bullish sentiment was spurred by broad-based demand in select large and mid-cap stocks including MTNN (+1.08%), NCR (+9.96%) and IKEJAHOTEL (+10.00%), which offset profit-taking in select stocks such as CHAMPION (-9.85%), STERLINGNG (-8.33%), and UPDC (-8.23%).
• Market activity declined, as both transaction volume and value dropped by 56.04% and 63.27% respectively. FIDELITYBK (+0.52%) led the volume chart with 32.20mn units traded, while GTCO (+0.12%) led the value chart with N2.27bn worth of trades.
• Market breadth closed positive at 1.62x, indicating more gainers than decliners. IKEJAHOTEL (+10.00%) led the thirty-four (34) gainers, while CHAMPION (-9.85%) topped the twenty-one (21) decliners.

NASD Summary

• The NASD closed today’s session on a bearish note, with the NASD Securities Index (NSI) and market capitalisation falling by 0.49%, to close at 3,587.35 points and N2.15trn, respectively
• The market activity dropped, with transaction volume and value falling by 97.52% and 94.17% respectively.
• SDNASDPLC (+9.09%) topped the market gainers while SD11PLC (-11.11%) topped the  decliners in today’s session.