The Nigerian bourse continued its upward trend, with the benchmark All Share Index recording an impressive 3.02% increase to close at 22,539.94 points. Investors gained N343.96 billion, as stock market capitalization rose to N11.746 trillion at close of trading, and YTD performance firmed at -14.99%.
Today’s activity level was paired with mixed trading; volume traded declined by -41.48% to 326.44 million units of shares, while value traded climbed by 27.56% to N3.338 billion, in 5,166 deals.
First Bank Nigeria Holdings was the most traded stock by volume at 74.75 million units, followed by Zenith Bank with 72.10 million units of trades. Market breadth closed positive with 29 gainers led by DANGCEMENT (+10.00%).
Sector performance was bullish as most indices appreciated, led by an impressive (+4.46%) gain in the Banking Index. The Industrial (+3.02), Consumer Goods (+2.51%) and Oil & Gas indices also registered solid gains, while the Insurance Index declined by (-0.50%) with AIICO shedding -4.76%.
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ZENITHBANK (+9.66%) and GUARANTY (+7.09%) climbed further to drive the lenders, as DANGCEMENT (+10.00%) lifted the Industrial Index. Similarly, NB (+9.84%) and DANGSUGAR (+8.55%) rose as the Consumer Goods sector continued its upward movement, while OANDO (+9.85%) buoyed the Energy Sector.
Gainers
Gainers chart was led by DANGCEM when it closed at N133.1 with 10.00% gain, followed by Nigerian Breweries (NB), which closed at N26.8 (9.84%); GTBank N21.9 at 7.09%, Zenith Bank N15.8 at 9.66% and Dangote Sugar N12.7 at 8.55%.
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Losers
UBN N6.2 at -4.62%, ARBICO N2.57 (-9.82%), GUINNESS N22.5Â (-0.88%), CUTIX N1.2 ( -9.09%), and WEMABANK N0.56 (-9.68%),
