It was the third consecutive day in which Nigeria’s bourse closed in the green, extending its upward trend from the previous day.
This morning’s benchmark All Share Index (ASI) closed at 43,607.94 index points, up by 300 basis points from the previous close. As a result, the Year-to-Date return currently stands at 2.08%.
In 3,615 deals, 174.5 million units valued at $2.13 billion were transacted, with shares traded declining 85.93% and 95.04 %, respectively.
FBNH was the most traded stock by volume at 27.0 million units in 125 deals, while BUAFOODS was the most traded stock by value at 544.6million in 123 deals.
According to market breadth, 19 stocks advanced against 13 decliners, indicating positive sentiment among investors.
NGX Banking Index: Up by 0.44%, on gains recorded in UBN (+3.70%), FCMB (+2.04%) and FBNH (+1.77%).
NGX Insurance Index: Down by 1.35%, on SUNUASSUR (-9.76%), NEM (-7.78%), and MANSARD (-1.72%) price decline.
NGX Oil and Gas Index: Dipped by 0.90%, as OANDO (-5.15%) closed south.
NGX Industrial Index: Fell by 0.39%, due to the loss sustained in BUACEMENT (-1.43%).
NGX Consumer Goods Index: Waned by 0.12%, as UNILEVER shed (-3.45%).
Market analysts expect that volatility will increase in 2022, a pre-election year, and foreign participation will decline. In response, we urge investors to come in in tranches as the clampdown on quantitative easing in the global space also reduces flows to emerging and frontier markets.
Top 5 gainers
UAFOODS surged by 10.00% to close at N48.40, ACADEMY rallied north by 9.09% to close at N0.60.
MEYER up 8.70% to close at N0.50, REGALINS gained 6.67% to close at N0.48 and rounding up the top 5 gainers was LIVESTOCK which rose by 6.22% to close at N2.05
Top 5 losers
SUNUASS dipped by 9.76% to close at N0.37, NEM dropped by 7.78% to close at N4.15,
FTNCOCOA sunk by 7.69% to close at N0.36, OANDO down 5.15% to close at N4.60, UNILEVER fell by 3.45% to close at N14.00