Thursday, October 9, 2025
25.1 C
Lagos

Nigerian Equities Market Extends Gains to 5th Consecutive Session… NSE ASI up 0.5%

The Nigerian bourse, at the close of trade today, extended gains to the 5th consecutive session as the All Share Index (ASI) rose 0.5% to settle at 32,981.63 points, thus nudging YTD gain to 22.7%. Quite similar to yesterday, performance was buoyed by sustained buy interest in market heavyweights – GUARANTY (+1.9%), NIGERIAN BREWERIES (+0.6%) and DANGCEM (+0.1%).

Consequently, investors gained N52.9m as market capitalization increased to N11.4bn. However, activity level was mixed as volume traded declined 17.6% to 180.3m units while value traded rose 22.7% to N2.6bn.

Positive Performance Across Sectors
Performance across sectors was positive as all indices closed in the green. The Banking index advanced the most, up 1.3% due to sustained buy interest in GUARANTY (+1.9%) and ETI (+5.0%) while upticks in NIGERIAN BREWERIES (+0.6%) and 7UP (+8.8%) drove the Consumer Goods index 0.5% northwards.

Similarly, the Insurance and Industrial Goods indices rose 0.3% and 0.2% on the back of gains in NEM (+4.9%) and DANGCEM(+0.1%) respectively while appreciation in SEPLAT (+1.1%) and FORTE (+2.7%) pushed the Oil & Gas index 4bps higher.

Investor Sentiment Strengthens
Investor sentiment as reflected by market breadth improved to 1.9x (from 1.2x recorded yesterday) – 29 stocks advanced while 15 declined. The best performing stocks were 7UP (+8.8%), NEIMETH (+7.1%) and CAP (+5.0%) while UPL (-9.6%), CHAMPION (-7.6%) and UCAP (-7.3%) were the worst performers. Whilst we expect market performance in the near term to remain largely driven by expectation of positive H1:2017 corporate reports, we do not rule of the possibility of some “end of the week” profit taking in subsequent sessions.

NASD OTC Exchange Market Activities
In the NASD OTC exchange, three counters traded – NDEP, SOURCE, CSCS AND IGI  – with total volume and value of transactions closing at 16,300 units and N47,375 respectively. IGI accounted for 61.3% of total volume traded, followed by CSCS (30.7%).

Market Statistics: Wednesday, 12th July 2017

Market Cap (N’bn)              11,367.1
Market Cap (US$’bn)                    37.2
NSE All-Share Index            32,981.63
Daily Performance %      0.5
Week Performance %         2.1
YTD Performance %                  22.7
Daily Volume (Million)                 180.3
Daily Value (N’bn)                      2.6
Daily Value (US$’m)             8.4

 

spot_img
spot_img
spot_img

Hot this week

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Rosatom: Nuclear Energy Holds key to Africa’s Sustainable Future

The role of nuclear energy in meeting Africa’s future...

RMRDC Targets 30% Value-Added Policy on Export of Local Raw Materials

The Raw Materials Research and Development Council (RMRDC) says...

NDIC, CIBN Strengthen Collaboration in Emerging Issues in the Financial Sector

L-R: President/Chairman of Council, Chartered Institute of Bankers of...

Fidelity Bank Commences Disbursement of FGN MSME Intervention Funds

Tier One Lender, Fidelity Bank Plc, has commenced the...

Topics

Big Barrels: Narrative on Africa’s Oil & Gas Stirs Global Market

A year after its release, the global momentum created...

NCDMB Unveils Selection Criteria for Inaugural Nigerian Content Awards

The Nigerian Content Development and Monitoring Board (NCDMB), in...

3rd African Blogger Awards Explore Social Issues

The third annual African Blogger Awards competition that opened...

NAICOM: Regulating & Ensuring Healthy Insurance Industry in Nigeria

The insurance industry, like other sectors within the financial...

CTO Appoints First Regional Advisers

The Commonwealth Telecommunications Organisation (CTO) has announced the appointment...

Is EPE a Good Location to Buy Land?

By Dennis Isong For a long time, buying and selling...

West African Insurers Applaud Continental Re for Capacity Building in Anglophone Region

Mr. Ogadi Onwuaduegbo Regional Director for Anglophone West Africa Continental...

NAICOM Unveils New Agents Licensing Portal

This is to inform all registered agents and insurance...
spot_img

Related Articles

Popular Categories

spot_imgspot_img