Trading at the Nigerian equities market kicked off the week on a positive note, with Flour Mills of Nigeria gaining 10% to close at N41.80 followed by Total Nigeria which advanced by 9.98% to close at N353.60. Other major price gainers are ACCESSCORP (+9.9%), TRANSCOHOT (+5.5%), and ZENITHBANK (+4.7%).
With gains by the big caps, the All-Share Index advanced by 0.6% to close at 99,793.71 points. Accordingly, the Month-to-Date and Year-to-Date returns increased to +0.5% and +33.5%, respectively.
The total trading volume increased by 148.3% to 963.54 million units, valued at NGN13.50 billion, and exchanged in 8,657 deals. FIDELITYBK was the most traded stock by both volume and value at 605.26 million units and NGN6.03 billion, respectively.
From a sectoral perspective, the Oil & Gas (+3.1%), Banking (+2.7%), Insurance (+0.6%), and Consumer Goods (+0.3%) indices recorded gains, while the Industrial Goods (-0.1%) index settled lower.
As measured by market breadth, market sentiment was positive (2.9x), as 29 tickers gained relative to 10 losers. FLOURMILL (+10.0%) and TOTAL (+10.0%) recorded the most significant gains of the day, while ETRANZACT (-9.9%) and DAARCOMM (-9.5%) topped the losers’ table.
