Equities Market Commentary

  • The Domestic equities market closed on a positive note as gains in FCMB (+7.1%) and FIRSTHOLDCO (+2.6%) lifted the benchmark index by 0.3% to 243,396.25 points. Accordingly, Month-to-date and Year-to -date settled at -2.8% and +56.4% respectively.
  • Trading activity strengthened with total traded volume increasing by 17.9% to 717.16 million units, valued at NGN56.66billion, across 73,321.00 deals. FCMB was the most traded stock by volume at 157.80 million units, while DANGCEM was the most traded stock by value at NGN29.77 billion.
  • Sectoral performance was broadly positive as the Insurance (+0.6%), Banking (+0.6%), Oil & Gas (+0.4%), and Consumer Goods (+0.1%) indices recorded gains, while the Industrial Goods index closed flat.
  • Market breadth was positive (1.0x), as 30 tickers advanced while 29 tickers declined. INTENEGINS (+9.9%) and ABCTRANS (+9.7%) topped the gainers, while FIDSON (-10.0%) and ACADEMY (-9.7%) led the losers.

Top 5 Volume

Top 5 Value

Current Market Data

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