The Local equities market sustained uptrend amid renewed interest in undervalued stocks. At the closed of trading today, the benchmark All Share Index (ASI) advanced by bps to close at 40,295.95 with the market capitalization gaining N75.90bn settling at N21.07tn. In summary, the Year to Date (YtD) performance improves to 0.06%
Breakdown across different sectors indicates a broadly positive performance as 3 out of the 5 sectors under coverage closed in the green zone. Notably, the insurance, consumer goods and industrial indices went up by 3.61%, 0.36% and 0.99% buoyed by bullish sentiments in the shares of MBENEFIT(+10.00%), NASCON(+10.00%) and DANGCEM (+2.22%). On the other hand, the banking and oil & gas indices waned by 0.62% and 0.05% due to selloffs in UBA(-1.12%) and OANDO(-5.41%).
Investors’ sentiment was positive as 27 stocks advanced while 20 stocks declined to indicate a 1.35x market breadth. Activity level was significantly positive as both volume and value of transactions advanced by 247.46% and 220.11% majorly due to the 755 million volume of shares traded in the shares of UPDCREIT valued at N4.15bn.
The bond market traded on a negative note as yield advanced across different maturities. Notably, the yield on the FGN-JAN-2022 compressed marginally by 0.08% that of the FGN-MAR-2025 and FEB-2028 advanced to 5.55% and 7.69% respectively.
Starting an ice cream venture in Nigeria presents strong profit potential for entrepreneurs who can…
May 19, 2026 – There is a “say-do gap” in Brand and Performance Advertising: most…
The Federal Government of Nigeria has arraigned Saipem Contracting Nigeria Limited and two of its…
A growing digital dependency is redefining everyday survival in Nigeria, where access to mobile data/mobile…
Guinness has ranked Nigeria as its third-largest market worldwide, reinforcing the country’s growing importance to…
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a member of Standard Bank…
This website uses cookies.