[ad_1]
- Details
- Written by MorganCapital Research
The local stock market today is witnessing a positive streak, as the capitalization value of the stock market appreciated by 333.80 billion to begin trading during the week.
The All-Share Index (ASI) increased 174 bp, representing a 1.74 percent growth to close at 37,443.40 points. Similarly, the total size of the market capitalization gained 333.80 billion naira to close at 19.57 billion naira.
Today’s market rally was affected by gains in large and mid-cap stocks, including; DANGCEM, WAPCOand FLOUR MILL.
Additionally, the total volume traded increased to 427.05 million shares, worth N3.30 billion, traded in 5,258 transactions.
Transactions with shares of ATTIC topped the activity table with 90.1 million shares valued at N91.08 million. JAPAULGOLD followed by 45.4 million shares worth N16.8 million.
With 23 winners against 23 losers, the sectorial indices closed mixed. DANGCEM (+ 9.98%) led the day’s winners chart, while ETERNAL (-9.89%) finished as the main loser.
The NSE industrial index led the winners with 5.46 percent. The energy and insurance indices of NSE registered an appreciation of 5.16% and 0.76%, respectively. In contrast, the NSE banking and consumer goods indices decreased by -1.05% and -0.14%.
Sector performance
NSE industrial index: An impressive 5.46% gain was recorded, thanks to the news buyback on DANGCEM (+ 9.89%) and price appreciation on WAPCO (+ 2.27%).
NSE insurance index: Increase of 5.16%, in search of bargains in MANSARD (+ 9.78%), NEM (+ 9.68%) and AIICO (+ 4.00%).
NSE Oil and Gas Index: Improvement 0.76%, as a consequence of the appreciation of prices in OANDO (+ 9.87%).
NSE bank index: Down -1.05%, due to settlements in ZENITH (-2.02%), ETI (-1.52%) and FBNH (-1.41%).
NSE Consumer Goods Index: It fell marginally by -0.14%, as GLAXOSMITH, UNILEVER and UACN closed towards the south at (-2.86%), (-2.79%) and (-1.35%) respectively.
- MorganCapital Research
