Stock market maintained bullish run for the third consecutive session

• The Nigerian stock market maintained its bullish run for the third consecutive session, as the NGX All Share Index (ASI) gains 0.10% to close at 145,475.15 points. Consequently, the year-to-date (YTD) return increased to 41.34% from 41.19% recorded in the previous session, while the market capitalization increased by N97.01bn to settle at N92.73trn.
• The positive sentiment was driven by buying interest in select stocks such as UACN (+10.00%), WAPCO (+3.45%) and ETI (+8.53%), which offset selloffs in TRANSCOHOT(-9.95%), EUNISELL (-10.00%) and CAP (-6.16%).
• Market activity was down, as the transaction volume and value decreased by 14.15% and 8.47% respectively. ETRANZACT (-0.00%) led both the volume and value chart with 1.58bn units and 6.37bn worth of trades respectively.
• Market breadth closed negative at 0.70x, indicating more decliners than advancers. UACN (+10.00%) led the twenty-one (21) gainers, while ELLAHLAKES (-10.00%) topped the thirty (30) decliners.

NASD Summary

• The NASD closed today’s session on a bearish note, with the NASD Securities Index (NSI) and market capitalisation dropping by 0.27%, to close at 3,571.53 points and N2.14trn, respectively.
• The market activity closed on a positive note, with both transaction volume and value increasing by 6,885.27% and 10,301.66% respectively.
• SDCSCSPLC (+1.32%) topped the market gainers while SDFOODCPT (-10.79%) topped the market decliners in today’s session.