Daily Market Update (Equities)
Today, the Nigerian equities market closed positive for the 3rd consecutive trading day, as the NGX All Share Index (ASI) increased by 1.56% to settle at 105,722.78 points. Consequently, the year-to-date (YtD) returns surged to 41.39% (vs 39.22% YtD yesterday). This positive sentiment in the market was driven by gains in BUAFOODS, GEREGU, and FBNH offsetting losses in ACCESSCORP, FLOURMILLS, and FIDELITYBANK.
The Total Volume and Value traded soared by 20.46% and 17.56% each to 332.36mn units and NGN7.88bn respectively. Today, FBNH traded the highest in terms of Volume and Value.
The top gainers for today were BUAFOODS, GEREGU and JBERGER while FLOURMILL, MEYER and SUNUASSUR led the losers’ chart.
Weekly Commentary and Stock Recommendation: 7th October – 11th October 2024