Nigerian Bourse’s Bull Fever Picking Up… NSE ASI Gains 1.4%
The Nigerian equities market started the week in the green to sustain the pace from the last two trading sessions of last week, as the All Share Index (ASI) appreciated 1.4 per cent to close at 24,570.73 points whilst market capitalisation also increased N139.6bn to close at N8.5trillion. Market performance was buoyed by price appreciation in DANGCEM (+5.0%), ETI, (+5.0%) and SEPLAT (+2.7%). However, market activities was mixed as volume traded rose 66.6% while value traded shed 13.7 per cent to close at 467.1m units and N1.5billion respectively.
Mixed Performance across SectorsThe Industrial Goods index appreciated the most as last minute rally in DANGCEM (+5.0%) drove the index 2.5 per cent northwards. Similarly, the Oil & Gas and Banking indices appreciated 0.6 per cent and 0.4 per cent accordingly on the back of price appreciations in SEPLAT (+2.7%), MOBIL (+4.7%), ETI (+5.0%) and FBNH (+2.4%). On the other hand, the depreciation in MANSARD (-4.1%) dragged the insurance index down 0.6% while the Consumer Goods sector lost 0.5 per cent on account of depreciations in NIGERIAN BREWERIES (-0.8%) and DANGSUGAR (-4.9%).
Market Cap (N’bn) 8,452.5
Market Cap (US$’bn) 42.5
NSE All-Share Index 24,570.73
Daily Performance % 1.4
1 Week Performance % 0.6
YTD Performance % (14.2)
Daily Volume (Million) 467.1
Daily Value (N’bn) 1.5
Daily Value (US$’m) 7.5
