Wednesday, August 20, 2025
24.1 C
Lagos

Equities Market Extends Gains … NSE ASI Up 2.4%

The equities market opened the week positive, extending gains from the previous week into the third consecutive trading session as the All Share Index rose 2.4% to settle at 38,849.65 points while YTD return expanded to 4.2%. Consequently, market capitalization rose by N329.7bn to settle at N14.2tn. Today’s performance was buoyed by price appreciation in DANGCEM (+5.0%), GUARANTY (+2.3%) and ZENITH (+2.5%). However, activity level was mixed as volume traded declined 19.7% to 604.5m units while value traded inched 46.7% higher to N16.1bn.

Industrial Goods lead Positive Sector Performance
Sector performance was largely positive as all indices closed in the green. The Industrial Goods index led the gainers chart, up 2.3% primarily due to price appreciation in DANGCEM (+5.0%).

The Banking index trailed, rising 2.0% on the back of gains in GUARANTY (+2.3%) and ZENITH (+2.5%) while uptick in MOBIL (+5.0%) and CONOIL (+10.2%) pushed the Oil & Gas index 1.7% higher.

Also, the Consumer Goods and Insurance indices rose 1.1% apiece consequent on investors taking position in NIGERIAN BREWERIES (+1.4%), GUINNESS (+4.6%) and MANSARD (+4.4%).

Investor Sentiment Weakens
Investor sentiment – measured by market breadth (advance/ decline ratio) – weakened to 4.1x from 4.4x recorded the previous Friday as 37 stocks advanced against 9 decliners.

Today’s best performers were CONOIL (+10.2%), UNITY (+9.7%) and CADBURY (+8.6%) while the worst performing stocks were VITAFOAM (-4.9%), CILEASING (-4.9%) and MEYER (-4.3%). In line with expectation, market performance was positive today as investor sentiment remained strong.

Hence, we expect the trend to be sustained in subsequent trading sessions against the backdrop of a broad based rally across sectors.

Market Statistics: Monday, 8th January 2018

Market Cap (N’bn)                14,181.2
Market Cap (US$’bn)                   46.3
NSE All-Share Index              39, 849.65
Daily Performance % 2.4
Week Performance % 4.1
YTD Performance %                  4.2
Daily Volume (Million)                  604.5
Daily Value (N’bn)                      16.2
Daily Value (US$’m)         52.6
spot_img
spot_img

Hot this week

NAICOM, SEC Initiates Partnership to Drive Insurance Sector Reforms

The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin paid...

How Power Outages Threaten Nigeria’s Digital Economy Dream

By Elvis Eromosele Recently, I found myself inside a multi-storied...

Tinubu Commissions WAGL’s 40,000 CBM LPG Vessel in South Korea

Dignitaries at the naming ceremony of the 40,000 cubic...

NCC to Partner ATCON on National Digital Infrastructure Development

KEYNOTE ADDRESS BY DR. AMINU MAIDA, EXECUTIVE VICE-CHAIRMAN OF...

Tinubu Approves N16.7bn for Reconstruction of Mokwa Bridge in Niger State

President Bola Tinubu has approved the release of N16.7...

Topics

L’Oréal Accelerates Product Development for Sub-Saharan Africa

L’Oréal has inaugurated its new Research & Innovation Center...

Gas to Play Significant Role in Africa’s Energy Mix, says NLNG’s MD

Dr. Philip Mshelbila Managing Director and Chief Executive Officer Nigeria LNG...

Microsoft Unveils Fund for Affordable Internet

Microsoft Corporation has launched a new fund to cultivate companies with solutions that bring affordable Internet access to underserved markets. The fund is part of Microsoft’s Affordable Access Initiative, which invests in new last-mile access technologies, cloud-based services and applications, and business models that can reduce the cost of Internet access and help more people affordably get online. “Today there are approximately four billion people globally without Internet access,” said Peggy Johnson, Executive Vice President of Business Development at Microsoft. “The ability to close that gap is more achievable than ever with technology that is readily available and affordable in many parts of the world. Through this fund, we hope to kick-start the entrepreneurial process by identifying promising ideas that we can help nurture, grow and scale.”

VISA Unveils Secure Payments Plan for Internet of Things

Visa says that it is expanding its Visa Ready...

Linkage Assurance Reports 50% Revenue Growth in 2024

L-R: Funkazi Koroye-Crooks, Non-Executive Director; Moses Omoregbe, Company Secretary;...

Stanbic IBTC Unveils Education Trust to Support Parents

In its quest to foster educational development, Stanbic IBTC...

Law Union & Rock Targets N1bn Profit by End 2017

Law Union & Rock Insurance Plc says it is...
spot_img

Related Articles

Popular Categories

spot_imgspot_img