Stock market sustains bullish run as Share Index advance by 0.28%
The Nigerian stock market sustained its bullish run, as the NGX All-Share Index (ASI) advanced by 0.28% to close at 203,161.81 points. Consequently, year-to-date (YTD) return improved to 30.56%, up from 30.19% in the previous session, while market capitalisation rose by 0.28% to settle at N130.77 trillion.
The positive performance was primarily driven by buying interest in NESTLE (+6.36%), NGXGROUP (+4.99%), and ZENITHBANK (+2.75%), which outweighed declines in UCAP (-5.88%), NAHCO (-4.21%), and DANGSUGAR (-1.62%).
Market activity was weak, as trading volume declined by 35.17% and total value dipped by 1.84%, indicating softer participation. ACCESSCORP led the volume chart with 121.70 million units, while GTCO topped the value chart with N8.10 billion worth of trades.
Market breadth closed flat at 1.00x, with 31 advancers and 31 decliners. TRANSEXPR (+9.94%) emerged as the top gainer, while LIVINGTRUST (-10.00%) led the laggards, with the remaining stocks closing unchanged.
NASD Summary
The NASD OTC market extended its bearish trend, as both the NASD Securities Index (NSI) and market capitalisation declined by 0.95%.
Market activity was mixed, with traded volume contracting sharply by 81.85%, while traded value increased by 23.47%, indicating selective participation in higher-value trades.
On the price movement front, SDMRS (+3.03%) emerged as the sole gainer, while SDFARMSPLC (-11.11%) recorded the steepest decline for the session.
