Monday, July 14, 2025
22.9 C
Lagos

Equities Market Kick-Starts the Week Positive… NSE ASI up 51bps

The Equities market reversed Friday’s negative close to open the week 51bps higher; consequently the All Share Index settled at 43,119.00 points while YTD return expanded to 12.7%. Investors in turn gained N78.8bn as market capitalization closed at N15.4tn.

The major drivers of today’s positive close were DANGCEM (+1.2%), GUARANTY (+2.2%) and ZENITH (+2.4%) although buying interest was observed across small and mid-cap stocks. On the contrary, activity level declined as average volume and value traded fell 47.6% and 55.7% to 730.6m units and N6.3bn respectively.

Banking Index, Sole Gainer
Performance across sectors was largely negative as 4 of 5 indices closed in the red. The Industrial Goods index led laggards, shedding 1.6% largely on the back of losses in WAPCO (-5.0%). The Insurance index followed closely, falling 1.0% as investors booked profit in LINKASSURE (-4.4%) and WAPIC (-3.5%). Similarly, sell offs in FORTE (-4.7%),NIGERIAN BREWERIES (-1.3%) and FLOURMILLS (-4.3%) dragged the Oil & Gas and Consumer Goods indices 0.8% and 0.1% lower respectively. On the flip side, the Banking index was the lone gainer, rising 1.1% due to a sustained rally in GUARANTY (+2.2%) and ZENITH (+2.4%).

Investor Sentiment Remains Positive
Investor sentiment measured by market breadth (advance/decline ratio) remained positive at 1.0x from 1.0x recorded the previous Friday consequent on 26 stocks advancing against 26 decliners. The top performing stocks were FCMB (+9.8%), SKYE (+8.3%) and CAVERTON (+5.0%) while ETERNA (-6.8%), UBN (-5.0%) and WAPCO (-5.0%) were the worst performing stocks for the day.

Although the equities market performed positively today, we expect a largely mixed performance this week as we anticipate profit taking in sessions ahead.
In the NASD OTC Securities Exchange, total volume and value traded stood at 26,508  units and N4.1m respectively. The SDFCWAMCO was the instrument traded today.

Market Statistics Monday, 15th January 2018

Market Cap (N’bn)                15,447.3
Market Cap (US$’bn)                   50.5
NSE All-Share Index              43,119.00
Daily Performance % 0.5
Week Performance % 8.2
YTD Performance %                  12.7
Daily Volume (Million)                  730.6
Daily Value (N’bn)                      6.3
Daily Value (US$’m)         20.6
spot_img
spot_img
spot_img

Hot this week

NAICOM, Insurance Industry Mourn Buhari

It is with profound sadness that we received the...

Polaris Bank Partners Woodhall Capital, UK, Lagos State in ₦1.5bn Creative Economy Fund

L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu,...

Heirs Insurance Group Reports N61bn GWP in 2024, an Increase of 70%

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Stanbic IBTC Holdings Meets CBN’s N200bn Recapitalisation Policy

In a landmark achievement that highlights the steadfast confidence...

SanlamAllianz Partners NCRIB on 2025 Empowerment Series

Dr. Abosede Adegbite, Consultant, Family Physician; Tope Adaramola, Executive...

Topics

Raenest Secures $11m Series A Investment in QED-Led Funding Round

Raenest, the global multi-currency accounts platform for individuals and...

Leadway Advocates for Public Safety as Nigerians Embrace the New Year

As Nigerians usher in the New Year with celebrations...

African Trade Exchange Highlights Growing Demand for U.S. Agricultural Products in Region

The U.S. Soybean Export Council (USSEC), the American Soybean...

Unity Bank Champions Digital Literacy, Innovation for Youth Empowerment 

In line with its commitment to supporting youth empowerment...

3 Ways to Connect the Dots of Nutrition in Nigeria

Food is a universal language. It knows no barrier....

Alexandre de Juniac Takes Rein as IATA DG/CEO

The International Air Transport Association (IATA) announced that Alexandre...

Polaris Bank Signs Up to PAPPS to Ease Customers’ Cross Border Payment

Polaris Bank, Nigeria’s leading digital retail Bank, has enrolled...
spot_img

Related Articles

Popular Categories

spot_imgspot_img