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The Nigerian equities market took off with this week’s trading activities on a positive note as the benchmark index grew 0.95% or 1.0%.
Investor interest in telco heavyweight, AIRTEL AFRICA PLC which expanded by +3.11%, as well as ZENITH BANK PLC (+0.80%), GUARANTY TRUST HOLDING COMPANY PLC (+1.89%) and LAFARGE AFRICA PLC (+1.63%) were the primary drivers of the overall market’s strong performance.
Thus, the All-Share Index advanced by 499.95 basis points to 53,157.83 basis points from the 52,657.88 basis points with which the market closed on Friday.
Similarly, the market capitalisation grew by 273 billion Naira to 28,954 trillion Naira from Friday’s closing of 28,681 trillion Naira.
Analysis of today’s market activities showed that the total volume traded stood at 201.36 million units of shares, valued at 5.67 billion Naira, and exchanged in 4,332 deals.
ZENITH BANK PLC led the volume chart with 36.76m units traded, while GEREGU (+10.00%) led the value chart in deals worth ₦1.79bn.
Market breadth closed positive with 28 advancing issues outnumbering the15 declining ones.
JOHN HOLT PLC led the gainers with an increase in selling price from ₦1.10k per share to ₦1.21k per share, by 0.11k or 10.00%. Followed by GEREGU POWER PLC which opened today’s transactions at ₦160.00 per share to ₦176.00 per share by ₦16.00 or 10.00%. And NIGERIAN AVIATION HANDLING COMPANY PLC upped from ₦7.80k per share to ₦8.55k per share by 0.75k or 9.62%.
On the flip side, CORONATION INSURANCE PLC decreased from 0.45 per share to 0.41k per share by 0.04k or 8.89%. Next is TRIPPLE GEE AND COMPANY PLC with a fall from ₦1.05k per share to 0.96k per share by 0.09k or 8.57%. And ROYAL EXCHANGE PLC. fell from 0.84k per share to 0.78k per share by 0.06k or 7.14%.
Sectoralperformance was mixed, as the Banking (+0.7%), Consumer Goods (+0.2%), and Industrial Goods (+0.1%) indices recorded gains, while the Oil & Gas index closed flat. The Insurance (-1.2%) index was the sole loser for the day.
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