Equities market gains 0.33% to start week

The Nigerian equities market traded up on Monday to start the week bullish.

Consequently, the Nigerian Stock Exchange All-Share Index rose by 0.33 per cent to 40,573.31, amid positive investors’ sentiment.

The market capitalisation also rose by 0.33 per cent, as investors gained N69.82bn to close at N21.23bn.

Hence, the Year-to-Date gain of the ASI rose to 0.75 per cent.

Seplat Petroleum Development Company led the gainers chart as the market recorded 31 gainers and 13 losers.

Specifically, SEPLAT lifted its share price by 10 per cent or N49.50 amid sustained rise in crude oil prices, hence the oil and gas index jumped by 5.35 per cent.

Also, bellwether stocks such as Lafarge Africa, Guaranty Trust Bank and Zenith Bank advanced by 5.05 per cent, 1.48 per cent and 0.60 per cent respectively.

Sectoral performance was bullish as the banking, insurance, industrial indices also closed in green, except for the consumer goods index that fell by 0.03 per cent.

However, trading activity remained weak, as total deals, volume and value of stocks fell.

Total volume of trades fell by 47.87 per cent to 206.24 million units valued at N2.16bn in 4,264 deals.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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