Local stock market opens new month on positive territory

Published by

The first trading session in the month of March ended on the green side as the Nigerian equities market closed higher for the second consecutive session.

Precisely, the All-share Index (ASI) of the Nigerian Exchange Limited (NGX) closed at 47,482.73 basis points having appreciated by 0.2 per cent.

Consequently, the Month-to-Date return stand at 0.2 per cent, while the Year-to-Date return increased to 11.2 per cent.

On Tuesday, the positive outing was largely determined by investors’ interest in Seplat and MTN Nigeria stocks as their respective stock value appreciated by 10.0 per cent and 1.0 per cent.

As measured by market breadth, market sentiment was negative as 15 tickers gained relative to 31 losers. Seplat and Royal Exchange recorded the most significant gains of the day after recording appreciations in their respective share value by 10.0 per cent and 9.5 per cent, while Cutix and Learn Africa topped the losers’ list having depreciated by 10 per cent each.

Sectoral performance was broadly negative as the Insurance, Banking, Industrial Goods and Consumer Goods indices declined by 1.3 per cent, 0.8 per cent, 0.3 per cent and 0.2 per cent respectively, while the Oil & Gas index was the sole gainer of the day with 5.4 per cent increase.

Activities for the day was however impressive as the total volume traded increased by 23.2 per cent to 370.54 million units, valued at N7.85 billion, and exchanged in 6,045 deals.

FCMB Group was the most traded stock by volume at 57.58 million units, while MTN Nigeria was the most traded stock by value at N4.56 billion.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

How Workplace Sexual Harassment Forces Many Out Of Their Dream Jobs

Despite several laws prohibiting sexual harassment in Nigeria, many victims are forced to quit their dream jobs while others suffer depression as a result of unsolicited sexual advances from colleagues. FAITH ADEOYE reports.

If you want to keep your job and excel in your career, you need to do as I say,” Janet Abegunde’s boss said to her one fateful day. Miss Abegunde, a 24-year-old accountant who had just gotten her first job in one of the new generation banks, said she fell into depression after her boss sexually harassed her.Local stock market opens new month on positive territory

Local stock market opens new month on positive territory

Recent Posts

Growing up, my doctor almost gave up on me because I was sickly ―Agule

Nick Agule, a chartered accountant who spent about 27 years in the oil sector before…

6 minutes ago

Can PDP retrieve mandate?

Is the Peoples Democratic Party (PDP) about to embark on another wild goose chase following…

26 minutes ago

Youths should build skills that align with passions, not be afraid to cross disciplines ―Hassan

Since the 2023 release of Mastering Business Studies, co-authored with Jamiu Adeleke Yinusa, Edidiong Hassan…

26 minutes ago

Preparing the public service for the Generation Z workforce

THE Nigerian public service system is going through transition on many fronts, all in a…

1 hour ago

God has revealed three persons who can stop Tinubu in 2027—Primate Ayodele

Speaks on new threats to Nigeria,Remi Tinubu, Shettima, among others In this interview with SUNDAY…

1 hour ago

2026: Between Oyebanji’s unstoppable march and opposition’s needless bile

MOST troubling crisis now brewing in Ekiti State, is the desperation of the opposition to…

3 hours ago

Welcome

Install

This website uses cookies.