The local bourse opened the week on a positive note as the Nigeria Stock market gained by +0.30% to close at 23,089.86 from 23,021.01 points.
The local bourse opened the week on a positive note on Monday, as the All share index gained by +0.30% to close at 23,089.86 from 23,021.01 points. Investors gained N35.88 billion as market capitalization leaped by the same margin to N12.033 trillion bringing YTD performance to -13.94%.
Market upturn was paired with weak trading activity, as total volumes and values traded on the local bourse depreciated by -30.49% and -26.46% to 249.85million units and N2.396billion respectively, in 6,538 deals.
GUARANTY was the most traded stock by volume at 44.530million units, followed by FBNH with 40.71 million units of trades.
On the sectoral front, two out of the five indices under our coverage posted gains. ARDOVA (+10.00%) appreciation buoyed the oil & Gas index up by 0.65%, trailed by UACN (+4.35%) to lift Consumer Goods slightly by 0.15%.
On the flip side, the insurance, Industrial and Banking Indices closed south by (-1.95%), (-1.31%) and (-1.21%) respectively, as NEM (-10.00%), WAPCO (-4.63%) and ACCESSBANK (-7.58%) closed lower.
The local bourse opened the week on a positive note on Monday, as the All share index gained by +0.30% to close at 23,089.86 from 23,021.01 points. Investors gained N35.88 billion as market capitalization leaped by the same margin to N12.033 trillion bringing YTD performance to -13.94%.
Market upturn was paired with weak trading activity, as total volumes and values traded on the local bourse depreciated by -30.49% and -26.46% to 249.85million units and N2.396billion respectively, in 6,538 deals.
GUARANTY was the most traded stock by volume at 44.530million units, followed by FBNH with 40.71 million units of trades.
On the sectoral front, two out of the five indices under our coverage posted gains. ARDOVA (+10.00%) appreciation buoyed the oil & Gas index up by 0.65%, trailed by UACN (+4.35%) to lift Consumer Goods slightly by 0.15%.
On the flip side, the insurance, Industrial and Banking Indices closed south by (-1.95%), (-1.31%) and (-1.21%) respectively, as NEM (-10.00%), WAPCO (-4.63%) and ACCESSBANK (-7.58%) closed lower.