The local bourse today witnesses a positive run as equities market capitalization value appreciated by 333.80 billion to commence trading for the week.
The All-Share Index (ASI) increased by 174bps, representing a growth of 1.74 per cent to close at 37,443.40 points. Similarly, the overall market capitalization size gained N333.80 billion to close at N19.57 trillion.
Today’s market upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which includes; DANGCEM, WAPCO, and FLOURMILL.
Also, the total volume traded increased to 427.05 million shares, worth N3.30billion, traded in 5,258 deals.
Transactions in the shares of MANSARD topped the activity chart with 90.1 million shares valued at N91.08 million. JAPAULGOLD followed with 45 .4 million shares worth N16.8 million.
With 23 gainers to 23 losers, sectoral indices closed mixed. DANGCEM (+9.98%) led the gainer’s chart for the day, while ETERNA (-9.89%) finished top loser.
The NSE Industrial Index led the gainers with 5.46 per cent. The NSE Insurance and Energy Indexes trailed appreciating by 5.16 and 0.76% respectively. Conversely, the NSE Banking & Consumer Goods Indexes declined by -1.05 and -0.14 per cent.
Sector performance
NSE Industrial Index: Recorded an impressive 5.46% gain, on the news buy back in DANGCEM (+9.89%), and price appreciation in WAPCO (+2.27%).
NSE Insurance Index: Up by 5.16%, on bargain hunting in MANSARD (+9.78%), NEM (+9.68%) and AIICO (+4.00%).
NSE Oil & Gas Index: Improved by 0.76%, on the back of price appreciation in OANDO (+9.87%).
NSE Banking Index: Down by -1.05%, due to sell-offs in ZENITH (-2.02%), ETI (-1.52%) and FBNH (-1.41%).
NSE Consumer Goods Index: Fell marginally by -0.14%, as GLAXOSMITH, UNILEVER and UACN closed south by (-2.86%), (-2.79%), and (-1.35%) respectively.
