The Nigerian Equities market sustains its bullish sentiments into the new week, the All-Share Index (ASI) rose by 1.74 per cent to 37,443.40 points on Monday.
Coñsequently, the market capitalisation closed at N 1 trillion as investors gain N343.6 billion.
With the impressive trading session, the year-to-date gain of the NSE ASI climbed to 39.49 per cent, just as the Month-to-Date to 6.9 per cent.
At the Nigerian Stock Exchange (NSE), sustained buying interest in Insurance and Industrial stocks further pushed the market higher as their sub-indices rose by 5.16 per cent and 5.46 per cent respectively.
Also, the NSE Oil/Gas index rose by 0.76 per cent. On the flip side, the NSE Banking and NSE Consumer Goods indices fell by 1.05 per cent and 0.14 per cent respectively.
Specifically, Mansard Insurance, Dangote Cement and Wapco advanced by 9.78 per cent, 9.98 per cent and 2.27 per cent respectively.
Market sentiment, as measured by market breadth, was negative, as 23 tickers lost, relative to 22 gainers. Eterna Oil and Transnational Express recorded the largest losses of the day by 9.9 per cent and 9.2 per cent respectively, while BOC Gas and Dangote Cement topped the gainers’ list having appreciated in share value by ten per cent respectively.
Meanwhile, activity in the market was mixed as the total deals and volume of stocks traded rose by 22.34 per cent and 0.17 per cent to 5,258 deals and 0.42 billion units; however, the value of stocks traded fell by 24.14 per cent to N3.3 billion.
Mansard Insurance was the most traded stock by volume at 90.18 million units, while Dangote Cement
was the most traded stock by value at N1.27 billion.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
COVID-19 Infections Surge Again As Nigeria Records Highest Weekly Cases In Four Months
Last week, the country’s COVID-19 infections witnessed yet another significant increase. Nigeria recorded 3,817 new COVID-19 infections which is the highest the country has recorded in over four months, Tribune Online analysis shows…
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…
Bandits Moved Abducted 333 School Boys On Bikes —DHQ
THE Nigerian Army, on Monday, gave more insight into the abduction of school children in Kankara Local Government Area of Katsina State…
Equities market sustains bullish run as investors gain N344bn
“The truth is that all the governor's has more than enough to spend. For this…
Former Bayelsa East senator, Ben Murray-Bruce, has predicted that Afrobeats star Davido, whose full name…
The Indigenous People of Biafra (IPOB) has declared a total sit-at-home lockdown across the South-East…
"It also does not request payment of fees in exchange for contracts, grants, or financial…
Residents of the Agbarho community in Ughelli North Local Government Area, Delta State, woke up…
He said the country’s “failed experiment in open borders” had led to net migration hitting…
This website uses cookies.