Equities investors gain N458.4bn on first-day, as ASI adds 2.2 per cent

The Nigerian equities market opens the year 2021 sustaining the positive sentiments it ended the year 2020 as the market, on the first trading session, gains 2.18 per cent.

Specifically, investors at the Nigerian Stock Exchange (NSE) gained N458.40 billion on Monday as the market capitalisation settled at N21.52 trillion at the end of trading activities.

Consequently, the All-Share Index (ASI) settled at 41,147.39 points after advancing by 2.18 per cent, thus the Year-to-Date (YtD) and Month-to-Date (MtD) remained at +2.18 per cent.

The performance was also impressive as the local bourse recorded more gainers than losers with 32 against two.

The impressive market return on Monday was largely attributable to investors buying interest in some banking stocks, specifically Guaranty Trust Bank’s and Zenith Bank’s; BUA Cement and WAPCO.

On the performance chart, Honeywell Flour and Transnational Corporation recorded the largest gains of the day having advanced by recorded ten per cent respective growth in the share value, while FCMB and Caverton were the losers of the day with six per cent and 3.4 per cent respective losses.

Gains were broad-based as all the sub-sector indices tracked closed in green; the NSE Banking, NSE Insurance, NSE Consumer Goods, NSE Oil/Gas and NSE Industrial indices rose by 3.68 per cent, 4.39 per cent, 1.41 per cent, 0.09% and 4.66 per cent respectively.

The total volume traded however declined by 70.2 per cent to 211.93 million units, valued at N1.41 billion, and exchanged in 3,438 deals.

AIICO was the most traded stock by volume at 87.52 million units, while Zenith Bank was the most traded stock by value at N225.72 million.


COVID-19: Nigeria Recorded More Infections, Deaths, Recoveries Last Week

Last week, the country’s COVID-19 infections witnessed yet another significant increase. Nigeria recorded 5,571 fresh COVID-19 infections which is now the highest weekly cases the country has ever recorded, Tribune Online analysis shows.

Equities investors gain N458.4bn on first-day, as ASI adds 2.2 per cent

[ICYMI] Minutes After Electoral College Elected Joe Biden, US Attorney General Resigns (Resignation Letter Inside)

A close ally of President Donald Trump and the United States Attorney General, William Barr, has resigned his appointment after holding a meeting with the president…

Equities investors gain N458.4bn on first-day, as ASI adds 2.2 per cent

You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More