Domestic equities market closes on positive note, up by 0.45%

The Nigerian Stock Exchange (NSE) ended the week’s trading session on a positive note, as the all-share index (ASI) rose by 0.45 percent to close at 25,041.89 basis points (bps).

This was against Thursday’s trading session which closed at 24,930.34 points.

The market capitalisation increased by 0.45 percent to close at N13.063 trillion, while, year-to-date (YTD) loss eased to -6.71 percent.

In all, a total of 167.14 million shares valued at N2.01 billion were exchanged in 4,036 deals.

This was in contrast to a turnover of 173.75 million shares worth N2.13 billion traded in 3,646 deals on Thursday.

Performance across the top five NSE stocks was bullish as 4 of 5 indices maintained a positive trend.

The oil & gas and banking indices advanced by 0.08 percent and 2.38 percent respectively.

Also, the consumer goods and industrial indices rose by 0.42 percent and 0.02 percent respectively.

Meanwhile the insurance index led laggards with a decline of 0.53 percent.

Market breadth strengthened as 22 stocks advanced against the 5 decliners.

The top gainers were Value Fund (9.98 percent); Guinness (4.44 percent); Dangote Sugar (3.48 percent); Okomu Oil (2.74 percent); and Guaranty Trust Bank (2.53 percent).

Top losers were UAC (-9.49 percent); Consolidated Hallmark Insurance (-8.89 percent); Jaiz Bank (-3.39 percent); AIICO Insurance (-3.23 percent); and Transcorp (-1.61 percent).

The domestic equities market, against all odds, finished five straight days on a bullish note.