NSE Index appreciates by 0.19% to open the week positive
The Nigerian Stock Exchange resumed the week positive as the All-Share Index rose 21 basis points (bps).
All Share Index to close at 25,316.15 points following buying interest in GUARANTY (+2.3%), DANGSUGAR (+9.7%) and BUACEMENT (+0.7%).
As a result, investors gained ₦25.2 billion as market capitalisation settled at ₦13.2 trillion.
Meanwhile, equities performance year to date (YTD) loss moderated to -5.7%.
Activity level weakened as volume and value traded declined 22.2% and 40.9% to 253.3m units and ₦2.6 billion respectively.
The most active stocks by volume were FBNH (41.0m units) GUARANTY (36.2m units), and JAPAULOIL (25.4m units).
In terms of value traded, GUARANTY led with ₦887.5m, ZENITH did ₦369.9m and MTNN ₦278.3m.
Performance across sectors under analyst at Afrinvest coverage was mixed as 3 indices gained, 1 lost.
However, the Oil & Gas and AFR-ICT indices were unchanged.
The Banking index (+1.3%) led gainers following price appreciation in GUARANTY (+2.3%), ACCESS (+1.4%) and ZENITH (+0.9%).
Likewise, the Industrial (+0.5%) and Consumer Goods (+1.1%) indices trailed, due to buying interest in BUACEMENT (+0.7%) and DANGSUGAR (+9.7%) respectively.
Profit-taking in MANSARD (-8.9%) drove decline in the Insurance index (-0.9%).
Investor sentiment as measured by market breadth (advance/decline ratio) strengthened to 2.7x from the 0.7x recorded in the previous session as 27 stocks advanced while 10 declined.
The top gainers were NAHCO (+10.0%), JAPAULOIL (+10.0%) and DANSUGAR (+9.7%) among other.
FIDSON (-9.7%), STANBIC (-9.2%) and MANSARD (-8.9%) led the losers.
“We anticipate a mixed performance this week”, Afrinvest stated.
NSE Index appreciates by 0.19% to open the week positive
