Price appreciation in
Consequently, investors gained N185.6bn as market capitalisation advanced to N12.9tn while year-to-date loss moderated to -7.7percent.
Activity level was mixed as volume declined by 2.4percent to 170.0m units while value traded increased marginally by 3bps to N2.4bn.
The top traded stocks by volume were FBNH (42.7m units), Custodian (20.7m units) and Zenith (17.9m units) while
Performance across sectors was mixed as 3 of 6 indices under review declined, 2 gained while the AFR-ICT index closed flat.
The Banking and Industrial Goods indices closed bullish, up 3.7percent and 3.3percent respectively due to buying interest in GTbank (+7.6percent), Zenith (+2.6percent),
Conversely, the Oil & Gas index lost the most, shedding 5.7percent owing to sell-pressures in SEPLAT (-10.0percent) and
Similarly, losses in Mansard (-10.0percent),
Investor sentiment as measured by market breadth declined to 0.8x from 1.3x recorded in the previous session as 15 stocks advanced against the 19 decliners.
The top gainers were Unity (+9.6percent), Wapco (+9.6percent) and GTbank (+7.6percent) while Mansard (-10.0percent), UAC-PROP (-10.0percent) and SEPLAT (-10.0percent) lost the most. We expect bargain hunting in attractive stocks and earnings releases to dictate market performance this week.
On corporate reports,
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