Stock Market
NGX All-Share Index (ASI) gained 0.01%
Nigerian equities market closed Thursday session on a mildly positive note, as the NGX All-Share Index (ASI) gained 0.01% to close at 247,707.13 points, while market capitalisation rose by 0.01% to N160.83tn. The ASI’s year-to-date (YTD) return stood at 59.18% from 59.16% in the prior session.
The positive performance was driven by gains recorded in ARADEL (+7.14%), FIRSTHOLDCO (+0.84%) and UBA (+0.35%) which outweighed losses in MTNN (-2.84%), NASCON (-9.48%) and GTCO (-0.23%).
Market activity weakened, as total volume traded declined by 8.94% to 286.76mn units, while value traded fell by 46.45% to N15.31bn. The number of deals decreased by 2.29% to 30,247. GTCO (-0.23%) led both trading charts, recording 19.04mn units in volume and N2.44bn in value.
Market breadth was negative at 0.91x, reflecting thirty (30) advancers against thirty-three (33) decliners. ZICHIS (+10.00%) led the gainers chart, while NASCON (-9.48%) led the decliners chart.
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