Stocks continue market rebound with 0.92% gain on Thursday
- Today, the Nigerian stock market continued in the green territory as the NGX All-Share Index (ASI) and market capitalisation rose by 0.92% to close at 117, 861.13 points and N73.35trn. This was triggered by gains in stocks like STANBIC (+5.59%), ZENITH (+2.99%), and WEMA (+0.72%) which outweighed losses in GUINEAINS (-9.21%), HMCALL (-5.66%), and CILEASING (-5.84%). Consequently, the year-to-date ASI closed at 14.51%.
- Trading activity closed on a mixed note, as total volume increased by 39.66% to 893.96m units while the total value dipped by 15.31%. CHAMPION (-0.80%) led the volume charts with 332.29m units while GTCO (+0.95%) led the value chart with N5.02bn.
- Market breadth continued in the positive terrain at 2.15:1 as gainers outnumbered losers. IKEJAHOTEL (+10.00%) topped the gainers’ chart, while GUINEAINS(-9.21%) led the laggards.
NASD Summary
- Today, the NASD Securities Index (NSI) and market capitalisation continued in the red losing 0.47% to close at 3,319.8 points and N1.93trn respectively.
- Following the bearish sentiment, trading activity dipped as volume traded decreased by 68.77% to 262,134 units, and the value of transactions decreased by 90.52% to N4.56m. Consequently, the total number of trades decreased by 59.02% to 25 deals.
