Nigeria’s equities benchmark index opened the week on a positive note. The NSE-ASI gained 0.21% to close at 41,088.96pts. Year to date return and market capitalization settled at 2.03%, and N21.49 trillion respectively.
A total volume of 333 million units of shares, valued at N2.64billion exchanged hands in 5,640 deals. TRANSCORP (-5.26%) finished the most traded shares by volume at 48.9million, while ZENITHBANK (0.00%) topped by value at N418million.
Market breadth was however inverse of the broad index with 30 losers against 19 gainers. MRS (+9.82%) led the gainer’s chart today, while CILEASING (-10.00%) was the top loser.
Performance across sectors was mixed, as Oil & Gas (-0.80%), Consumer Goods (-0.72%) and Insurance (-0.58%) closed in red, while the Industrial and Banking indexes improved by +0.54 and 0.49% respectively.
Sector Performances
NSE Industrial Index: Up 0.54% on gains in WAPCO (+1.92%) and DANGCEM (+0.85%).
NSE Banking Index: Advanced by 0.49% as UBN (+6.31%), ETI (+0.77%) and UBA (+0.57%) closed north.
NSE Oil & Gas Index: Down by 0.80% due to the sell-offs in ARDOVA (-9.78%) and OANDO (-3.55%).
NSE Consumer Goods Index: Fell by 0.72% due to price depreciation in HONYFLOUR (-6.35%), NASCON (-5.81%) and UNILEVER (-2.22%).
NSE Insurance Index: Shed 0.58%, on losses in ROYALEX (-10.00%), WAPIC (-8.47%), AIICO (-4.62%) and NEM (-2.88%).
