Sunday, September 28, 2025
27.2 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

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

African Capital Alliance Acquires 49% of Continental Re

Private equity firm, African Capital Alliance (ACA) announced in...

Danbatta: NIPR Fellowship to Muoka, Ibietan Meritorious

The Executive Vice Chairman of the Nigerian Communications Commission...

Rhapsody of Realities Hits 7,000 Languages, Hosts #ReachOutWorldLive

At a global programme tagged REACHOUT WORLD LIVE WITH...

Optimism Reigns in 2015 Insurance Industry Outlook

Despite falling oil prices and post-election uncertainties,the Nigerian insurance sector is looking into the future with broad optimism and confidence. Mr. Fola Daniel, Commissioner for Insurance, National Insurance Commission (NAICOM) says the industry is undergoing rapid transformation, thus requiring the strategic support of operators and other relevant stakeholders to enable the industry occupy its rightful position in the forefront of the financial services sector in Nigeria.

BlackBerry Announces 2OO Redundancies

BlackBerry has made around 200 staff redundant at its...

UN, Columbia University, New York to Headline ASIS 2024

The Africa Social Impact Summit (ASIS) 2024 is set...

Fidelity Bank Set to Host 2 Days of Family Entertainment

In the spirit of the Yuletide, leading financial institution,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img