Market Cap (N’bn) 10,410.00
Market Cap (US$’bn) 52.30
NSE All-Share Index 31,195.93
Daily Performance % 0.47
1 Week Performance % 3.07
YTD Performance % (10.0)
Daily Volume (Million) 466.2
Daily Value (N’bn) 5.0
Daily Value (US$’m) 25.3
Equities Open the Week Positive …NSE ASI rose 47bps
The Nigerian Equities market continued its bullish streak from the previous week to close positive on the first trading day of the week. The benchmark index – All Share Index (ASI) gained 47 basis points to close at 31,195.93, paring YTD loss further to 10.0 per cent. Similarly, market capitalisation added N49.9billion to close at N10.4trillion. The strong market performance continued to be driven by investor appetite towards banking stocks — Zenith (2.2%), ETI (3.0%) and GTBank (1.0%). Market activities however softened, as volume and value traded declined 0.2% and 0.3% to close at 466.2m units and N5.0bn respectively.
Banking Index leads Sector Advancers
All sector indices closed in the green today, save for the Oil and Gas index which sustained its bearish trend, shedding 0.7% as investors took profit in Mobil (5.0%) and OANDO (2.0%). The Banking Index continued to pace gain amongst sector indices, appreciating1.5% against the backdrop of the sustained rally in Zenith (2.2%), ETI (3.0%) and GTBank (1.0%); followed by the Insurance Index with 0.6% and the Consumer Goods index with 0.4 per cent.
