The Nigerian Equities Market started this week’s trading session with a marginal gain making the benchmark index appreciate by 3 basis points (bps).
Specifically, the All Share Index expanded by 24.99 basis points or 0.03% to close at 97,747.27 basis points from 97,722.28 basis points.
The market capitalization also appreciated from 59,215 trillion Naira to 59,230 trillion Naira by 15 billion Naira or 0.03%.
Analysis according to Cordero’s Securities states that “buying interest in LAFARGE AFRICA PLC. (+9.52%) offset sell pressures on ACCESS HOLDINGS PLC (-3.03%) and TRANSNATIONAL CORPORATION PLC (-1.35%). Accordingly, the Month-to-Date and Year-to-Date returns settled at +0.1% and +30.7%, respectively.”
Coronation Securities Limited said “Investors interest in ZENITH BANK PLC (+0.46%), OANDO PLC (+2.15%) and UNITED BANK FOR AFRICA PLC (+0.15%) outweighed selloffs in GUARANTY TRUST HOLDING COMPANY PLC (-1.16%), TRANSNATIONAL CORPORATION PLC (-1.35%) and FBN HOLDINGS PLC (-0.72%).”
At the close of trading activities, a total of 413.35 million units of shares, valued at N5.34 billion, were exchanged in 9,004 deals.
JAPAUL GOLD & VENTURES PLC was the most traded stock by volume at 179.10 million units, while ACCESS HOLDINGS PLC was the most traded stock by value at N775.55 million.
As measured by market breadth, market sentiment was positive with 29 stocks advancing, relative to 22 losers.
JOHN HOLT PLC. (+9.97%) and EUNISELL INTERLINKED PLC (+9.92%) led the gainers, while MECURE INDUSTRIES PLC (-9.65%) and THE INITIATES PLC (-9.09%) recorded the most significant losses of the day.
On sectoral performance, the Industrial Goods (+0.7%) and Insurance (+0.4%) indices advanced, while the Banking (-0.6%), Consumer Goods (-0.3%), and Oil & Gas (-0.1%) indices declined.
Olusola Akintonde
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