Markets
WAPCO, GTBank, Access Bank, others lift Nigerian equity market 0. 29%
Investors interest in WAPCO, GTBank, Access Bank and 25 other equities propelled the Nigerian Exchange to a 0.29% appreciation on Monday.
The All-Share index increased by 113.99 absolute points to close at 39,312.74 points, while the market capitalisation gained ₦59.4billion to ₦20.5trillion as the year-to-date loss improved to -2.4%.
Trading activity improved as volume and value traded rose 35.7% and 11.1% to 324.2 million units and ₦3.3 billion, respectively.
The most active stocks by volume were ETRANZACT, Zenith Bank and Access Bank while Zenith Bank (₦1.0 billion), Bua Cement (₦513.0million), and GTBank (₦341.8 million) led by value.
REGALINS (+9.7%), ABCTRANS (+9.7%) and UBN (+9.3%) led gainers, while UNITYBNK (-8.3%), JAPAULGOLD (-6.7%) and NEIMETH (-6.0%) led decliners.
The Consumer Goods and Oil & Gas indices declined 0.3% and 0.1% respectively on the back of sell-offs in FLOURMIL (-6.5%), DANGSUGAR (-0.6%), and OANDO (-1.6%). On the flip side, the Banking index led gainers, up 2.9% due to buying interest in ZENITH (+3.6%) and GUARANTY (+2.6%).
Similarly, the Insurance and Industrial Goods indices rose 1.3% and 0.1% respectively on the back of price appreciation in LINKASSURE (+8.7%) and WAPCO (+2.2%).
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