The Nigerian stock market kicked off the new year on a positive note, with the benchmark index registering a 0.25% increase in the first trading session.
Specifically, the market capitalisation grew by ₦155 billion, or 0.25%, to settle at ₦62,918 trillion from the previous closing of ₦62,763 trillion.
Also, the All Share Index rose from 102,926.40 basis points to 103,180.14 basis points, gaining 253.74 basis points, or 0.25%.
Consequently, the All-Share Index advanced by 0.3% to 103,180.14 points, with the year-to-date return settling at +0.3%.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 85.95%. While the total volume traded increased by 89.6%.
A total of 829.75 million units of shares valued at ₦5.67 billion were exchanged in 11,752 deals. ROYAL EXCHANGE PLC. led the volume chart with 290.99m units traded, while ACCESS HOLDINGS PLC led the value chart with deals worth ₦430.78m.
As measured by market breadth, market sentiment was positive with 58 advancing issues outnumbering the 8 declining ones.
CORNERSTONE INSURANCE PLC led the gainers’ table with a rise from ₦3.60k per share to close at ₦3.96k per share, gaining 0.36k or 10.00%. CUTIX PLC followed with a rise from ₦2.30k per share to ₦2.53k per share, by ₦0.23k or 10.00%. And INTERNATIONAL ENERGY INSURANCE PLC increased from ₦1.70k per share to ₦1.87k per share, by 0.17k or 10.00%.
On the other hand, ELLAH LAKES PLC. declined from ₦3.16k per share to close at ₦3.01k per share, losing -₦0.15k or -4.75%. Next is NASCON ALLIED INDUSTRIES PLC, falling from ₦31.35k to ₦30.00 per share, losing ₦-1.35k or -4.31%. And CWG PLC trailed with a decline from ₦7.70k per share to ₦7.45k per share, losing -0.25k or -3.25%.
Across sectors, the Insurance (+9.5%), Banking (+0.3%), and Consumer Goods (+0.2%) indices posted gains, while the Industrial Goods and Oil and Gas indices closed flat.
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