Nigerian Stock Market Sustains Gain By 0.3%

The domestic equities market sustained the previous day’s gain as market capitalisation advanced by ₦65.7 billion to settle at ₦21.2 trillion while the year to date return improved to 0.8 per cent

The All Share Index rose 31bps to settle at 40,490.85 points driven by buying interest in Seplat (+10.0 per cent), Nigerian Breweries (+3.6 per cent) and Guaranty (+1.5 per cent).

Activity level surged as volume and value traded advanced 755.0 per cent and 243.8 per cent to 2.1bn units and ₦7.5bn respectively.

The most traded stocks by volume were UBA (26.5m units), Dangote Sugar (21.5m units) and Fidelity (15.7m units) while Dangote Sugar (₦397.8m), Zenith (₦327.3m) and Guaranty (₦315.1m) topped by value.

Performance across sectors was bullish as 3 of 6 indices under review gained save the AFR-ICT and Industrial Goods indices which closed flat.

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