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Daily Market Update (Equities)

The Nigerian equities market continued its positive run today, with the NGX All Share Index (ASI) climbing 0.25% to settle at 104,647.37 points. This upward movement pushed the year-to-date (YtD) return further to 39.95%, compared to yesterday’s 39.60%. Gains recorded in heavyweight stocks like GTCO, FBNH, and TRANSCORP outweighed losses in PZ, NB, and ABBEYBDS.

Trading activity also surged significantly. The total volume traded soared by 49.99% to 505.19mn units, while the total value traded jumped by 53.32% to settle at NGN14.24bn. For the second consecutive day, ACCESSCORP was the most actively traded stock by volume, while GTCO led the market in terms of value traded.

Today’s top gainers were NSLTECH, DAARCOMM, and NEM. On the other hand, the top losers were IKEJAHOTEL, ABBEYBDS, and SOVRENINS.

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