Investors gain N166.51bn as equities market returns bullish

Nigeria’s equities market has rebounded after eight days trading sessions of conservative losses.

At the end of Thursday’s trading, the All-Share Index rose by 0.78 per cent to close at 41,014.30 points, amid significant interest in blue-chip stocks.

The market capitalisation also rose by 0.78 per cent, while investors gained N166.51bn.

The positive sentiment saw the Year-to-Date gain of the ASI rose to 1.84 per cent.

However, the domestic bourse recorded 46 losers against seven gainers.

Notably, share prices of blue-chip stocks such as Dangote Cement and MTN Nigeria Communications appreciated by 7.04 per cent and 1.61 per cent respectively.

Sectoral performance, however, remained weakened as four out of the five indices tracked closed in red zone, save the industrial index, which rose by 2.57 per cent to close positive.

The banking, insurance, consumer goods and oil and gas indices fell by 2.98 per cent, 2.93 per cent, 0.32 per cent and 0.90 per cent respectively.

Meanwhile, trading activity was upbeat, as total deals, volume and value of stocks traded climbed.

Total volume of trades appreciated by 247.40 per cent to 1.27 billion units, valued at N6.40bn in 6,573 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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