NGX All-Share Index (ASI) gained 0.77%

Nigerian equities market closed today’s session on a positive note, as the NGX All-Share Index (ASI) gained 0.77% to close at 246,082.63 points, while market capitalisation gained 0.77% to close at N158.96trn. This brought the ASI year-to-date return to 58.14%, from 56.93% in the previous session.

The positive sentiment was driven by buying interest in stocks such as ARADEL (+8.83%), NESTLE (+5.83%), and FIRSTHOLDCO (+1.17%), which outweighed losses in NAHCO (-9.22%), TRANSCORP (-1.63%), and ABCTRANS (-9.52%).

Trading activity was positive, with total volume traded advancing by 7.44% to 651.32mn units, while transaction value advanced by 5.35% to N40.77bn. ACCESSCORP (+1.25%) led the volume chart with 129.89mn units traded, while MTNN (0.00%) led the value chart with transactions worth N4.69bn.

Market breadth was positive at 2.05x, reflecting a higher number of gainers relative to losers, as forty-one (41) stocks advanced against twenty (20) decliners. FTNCOCOA (+10.00%) emerged as the session’s top gainer, while TRIPPLEG (-9.72%) led the losers’ chart.