Market Watch

NSE-ASI up 255bps. The Nigerian equity market today extended its 2-day rally in large cap stocks as the broader market Index advanced 255bps to close 29,177.58pts, paring the NSE-ASI YTD loss to15.8%. Similarly, market capitalisation added N241.9bn to close at N9.7tn. However, market activities measured by volume and value declined 15.2% and 0.3% to close at 424.3m units and N3.5bn respectively. Broad Sector Gains Persist All sector indices sustained their positive momentum today. The Banking…

NSE ASI rises 261bps The Nigerian Equity Market sustained upward momentum today as the All Share Index surged 261 basis points to close at 28,452.60pts while market capitalisation also added N241.6bn to close N9.5tn. Today’s positive performance was an extension of yesterday’s price appreciation in large cap stocks — Dangote Cement (3.6%), GTBank (8.5%) and Nestle (5.0%). Market activity however softened, as volume and value traded declined 2.7% and 50.6% to 500.2m units and N3.5bn…

NSE ASI up 52bps After seven days of consecutive losses on the Nigerian bourse, the All Share Index gained 52bps today to close at 27,728.63bps. Also, market capitalisation added N47.8bn to close at N9.3tn. Today’s gain was as a result of price appreciation in bellwether stocks – Dangote Cement (1.5%), Zenith (3.4%) and GTBank (2.4%). Similarly, market activities measured by volume and value traded advanced today by 1.4% and 0.1% to berth at 513.9m units…