On Monday, equities trading at the Nigerian Exchange Limited was bullish to extend a positive streak as its All Share Index (ASI) advanced by 0.41 per cent to close at 65,268.28 points.
Basically, demand for Stanbic IBTC Holdings and FBN Holdings stocks reinforced the positive market as these financial stocks appreciated by 10.0 per cent and 9.8 per cent, respectively.
Accordingly, the Month-to-Date and Year-to-Date returns printed +7.1 per cent and +27.4 per cent, respectively.
Equities investors, therefore, earned N144.24 billion cumulatively as the market capitalisation settled at N35.54 trillion at the end of the day’s trading activities.
As measured by market breadth, market sentiment was mixed as 33 tickers lost relative to 32 gainers. On the performance board, Ikeja Hotel and Multiverse recorded the most significant losses of the day after their respective share prices dipped by 10.0 per cent, while FTN Cocoa Processor and GlaxoSmithKline topped the gainer’s list having appreciated in share prices by 10.0 per cent, respectively.
Sectorial performance was positive as three of the five indices tracked closed in the green; the NGX Insurance, NGX Consumer Goods, and NGX Industrial indices rose by 0.23 per cent, 0.02 per cent, and 0.03 per cent, respectively.
On the flip side, the NGX Industrial Index fell by 0.83 per cent, while the NGX Oil/Gas Index remained unchanged.
Meanwhile, market activity improved, with total deals and volume increasing by 9.57 per cent and 7.88 per cent, respectively, amounting to 9,768 trades and 831.50 million units in value.
In terms of volume, FBN Holdings emerged as the most actively traded stock, with 346.99 million shares worth N7.44 billion changing hands in 878 deals.
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