Bull run continues as Nigeria bourse ends trading week in the green

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Transactions on the Nigerian equity market today (Friday) ended the trading week on a positive note as the All-Share-Index appreciated by 1.28%, to extend the previous positive momentum to six consecutive trading days. The upturn was supported by value appreciation on some bellwether stocks like WAPCO, DANGCEM, ACCESS, NB and 16 others. Consequently, the market breadth closed on a positive note, recording 19 gainers as against 16 losers.

Bull run continues as Nigeria bourse ends trading week in the green
NSE Trading Floor – www.brandspurng.com

In summary, the All-Share Index (ASI) increased by 332.33 absolute points, representing a growth of 1.28% to close at 26,319.47 points. Similarly, the overall Market Capitalization size gained N173.68 billion, representing an increase of 1.28% to close at N13.75 trillion.

NB emerged as the top gainer while NNFM emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are ; NB (+10.00%), WAPCO (+6.74%), FLOURMILL (+6.70%), GUARANTY (+3.85%), GUINNESS  (+3.32%), ACCESS (+2.29%), DANGCEM (+2.28%), FBNH (+1.98%), ZENITHBANK (+1.17%) and STERLNBANK (+0.87%).

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MARKET STATISTICS

CAP N13,754,942,344,539.37 One Day (ASI CHG) +1.28%
Index 26,319.47 One Week (ASI CHG) +2.92%
Volume 335,749,166 One Month (ASI CHG) +3.91%
Value N4,277,468,719.91 Six Months (ASI CHG) +20.39%
Deals 4,231 52 Weeks (ASI CHG) -3.53%
Gainers 19 Losers 16
Unchanged 67 Total 102
YTD -1.95%

Source: NSEGTI Research

NASD OTC MARKET

The NASD OTC market today (Friday) closed on a positive note as the Unlisted Securities Index (USI) closed at 732.57, representing a 1.32% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N7.02 million to close at N538.12 billion, representing a 1.32% appreciation the previous day’s closing position. However, the aggregate volume and value decreased by 99.52% and 93.32% respectively, as investors traded a total of 5,000 shares, worth N687,500 in 1 deal.

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