The Nigerian Equities Market (NSE) extended its gains to fourth consecutive trading days as positive sentiments dominated trading activities. The benchmark - All Share Index (ASI) advanced further by 2.10% to close the day at 36,239.62 points. Market Capitalization gained N390.18 billion to settle at N18.94 trillion while the Year-to-Date (YTD) returns prints at 34.30%.
A total volume of 343.6million units of shares, valued at N4.34billion exchanged hands in 3,895 deals. FBNH was the most traded shares by volume and value at 99.38million units and 700million respectively.
Market breadth index was positive with 30 gainers against 17 losers. AIRTELAFRI gained 10.00% to led the gainer’s chart today, while FCMB (-4.67%) topped the laggards.
Sectorial performance improved as Insurance, Industrial, Banking, Oil & Gas and Consumer Goods appreciated by +2.36%, +1.28%, +1.11%, +0.62% and +0.23% respectively.
Sector performance
NSE Insurance Index: Up by +2.36%, on price appreciation in MANSARD (+9.09%), REGALINS (+5.00%) and LASACO (+3.23%)
NSE Industrial Index: Advanced by +1.28% due to the gain in DANGCEM (+2.56%).
NSE Banking Index: Rose by 1.11%, on buy interest in ETI (+3.97%), UBN (+3.77%) and ZENITHBK (+2.70%).
NSE Oil & Gas Index: Improved by +0.62%, as ARDOVA closed north by (+10.00%)
NSE Consumer Goods Index: Gained +0.23%, due to bargain hunting in UNILEVER (+9.54%).
