NGX All-Share Index, market capitalisation each rose

The Nigerian equities market closed today’s session on a positive note according Coronation report. The NGX All-Share Index and market capitalisation it said each rose by 0.02%, to 254,289.35 points and N165.11tn respectively. This lifted the ASI year-to-date (YTD) return to 63.41%, from 63.38% in the previous session.

The gains came from advances in ACCESSCORP (+1.89%), FCMB (+0.45%) and FIDELITYBK (+0.43%). They outweighed declines in UBA (-2.26%), DANGSUGAR (-1.48%), VITAFOAM (-9.99%), and ABBEYBANK (-8.73%).

Sectoral performance was mostly positive. The Consumer Goods index led the gainers, up 0.18%, followed by the Banking (+0.03%) and Oil and Gas (+0.02%) indices. The Insurance index declined by 1.15%, and the Industrial index closed flat.

Market activity was mixed. Total volume traded rose by 4.29% to 484.44mn units, while value traded fell by 52.18% to N20.79bn. The number of deals also dropped, down 25.69% to 38,074. ACCESSCORP (+1.89%) led the volume chart with 42.59mn units traded. ARADEL (+0.00%) topped the value chart with transactions worth N2.95bn.

Market breadth was negative at 0.63x, with twenty-six (26) advancers against thirty-eight (38) decliners. UPL (+9.52%) led the gainers, while VITAFOAM (-9.99%) led the decliners