Stock Market Capitalization rises by 0.65% as buy interest in BUACEMENT soar
- To begin the week, the local bourse extended its winning streak from the prior week, as the NGX All Share Index (ASI) advanced by 0.65%, to close at 149,940.81 points. Consequently, the year-to-date return climbed to 45.68% from the 44.74% recorded in prior week. Market capitalisation also gained N611.34bn (+0.65%), settling at N95.17trn.
- The market performance was largely driven by buy interest in BUACEMENT (+6.25%), MTNN (+1.18%), and FIRSTHOLDCO (+3.50%), outweighing sell pressure in ACCESSCORP (-0.78%), MANSARD (-4.05%), and CONOIL (-4.07%).
- Market activity was mixed, with transaction volume declining by 14.97% , while transaction value advanced by 59.08%. FIDELITYBK (-0.50%) led the volume chart with 49.46m units traded, while GEREGU (+0.00%) led in value with N9.29bn worth of transactions.
- Market breadth closed negative at 0.94x, reflecting less advancers than decliners. UNIONDICON (+10.00%) led the thirty (30) gainers, while THOMASWY (-9.63%) topped the thirty-two (32) laggards.
NASD Summary
- The NASD closed the week on a strong positive note, as the NASD OTC Securities Index (NSI) and market capitalisation advanced by 0.63% to close at 3,643.32 points and N2.17trn, respectively.
- The market activities closed lower in today’s session, with volume and value depreciating by 88.29% and 60.65% respectively.
- SDCSCSPLC (+6.65%) topped the market gainers, while SDUBNPROP (11.16%) led the laggards’ log.
