Opening the week, Nigerian equities extended gains from last week as the benchmark index closed 0.69% stronger to settle at 55,328.42 points. Buy interests in index heavyweight BUAFOODS (+4.65%), alongside Tier-1 banks, ZENITHBANK (+0.78%), GTCO (+1.96%) and STANBIC (+10.00%) kept the market in the green. As a result, the year-to-date (YTD) return rose to 7.96%, while market capitalization gained ₦206.58bn to close at ₦30.14trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 38.84%. A total of 149.78m shares valued at ₦1.54bn were exchanged in 3,186 deals. OANDO (+10.00%) led the volume chart with 62.64m units traded while ZENITHBANK (+0.78%) led the value chart in deals worth ₦205.55m.
Market breadth closed positive at a 2.11-to-1 ratio with advancing issues outnumbering declining ones. STANBIC (+10.00%) topped eighteen (18) others on the leader’s log while FTNCOCOA (-6.90%) led eight (8) others on the laggard’s table.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 55,328.42 | 0.69 | 7.96 |
| Market Cap. (₦ ‘trillion) | 30.14 | 0.69 | 7.97 |
| Volume (millions) | 149.78 | 25.77 | |
| Value (₦ ‘billion) | 1.54 | -38.84 |
Source: Coronation Research
