Investors continued to express positive sentiment in the Nigerian equity market as its uptrend persisted on Monday, driven by bargain hunting in SEPLAT, CONOIL, ZENITHBANK, ACCESS and MTNN.
The All-Share Index rose by 1.04% to 4 7,111.21 points, market capitalization increased by ₦262.18bn to ₦25.39tn, while YTD return increased to 10.29%,
Activity level was mixed as volume traded waned by -21.63% to 341.5mn units while value traded rose by 7.30% to ₦3.6 9bn. The most active stocks by volume were TRANSCORP (32.11million units), FIDELITYBK (25.15 million units) and ACCESS (23.46 million units) while GTCO (₦587.32mn), NGXGROUP (₦502.54mn) and ZENITHBANK (₦340.8 8m) led by value.
The Oil & Gas and Agriculture indices led the gainers up by 836bps and 362bps respectively, due to gains in SEPLAT (+10.00%), CONOIL (+9.7 9%) and FTNCOCOA (+8.57%).
In addition, the Healthcare and ICT sectors gained 141bps and 117bps respectively, owing to buy interest in FIDSON (+7.6 6%), MTNN (+2.53%) and COURTVILLE (+1.75%).
Similarly, gains in NNFM (+4.0 5%), INTBREW (+1.7 5%) and RTBRISCOE (+9.0 9%) drove the Consumer Goods (0.1 2%) and Services (0.1 1%)indices higher. On the flipside, the Banking and index declined by 8bps, owing t o selloffs in ETI (-7.2 0%),UBN (+1.6 7%)and FBNH (-1.3 0%).
The industrial goods index, however, closed flat.
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