The Nigerian exchange started the week on a bullish note as the all share index rose by N96 billion in value following gains majorly in the shares of CONOIL, FBN Holdings and MTN Nigeria.
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The domestic bourse kicked off the trading week with positive sentiments following buying interests in MTN Nigeria (+2.0%). Thus, the All-Share Index inched higher by 0.3% to 53,086.46 points. Consequently, the Month-to-Date and Year-to-Date returns advanced to +0.2% and +24.3%, respectively.
The total volume traded increased by 167.0% to 755.62 million units, valued at NGN8.90 billion, and exchanged in 4,297 deals. FBNH was the most traded stock by volume and value at 610.41 million units and NGN6.78 billion, respectively.
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Performance across sectors was mixed, as the Oil & Gas (+0.7%) and Industrial Goods (+0.1%) indices recorded gains, while the Insurance (-0.4%), Banking (-0.4%), and Consumer Goods (-0.1%) indices declined.
As measured by market breadth, market sentiment was positive (1.6x) as 19 tickers gained relative to 12 losers. CONOIL (+10.0%) and PHARMDEKO (+9.4%) topped the gainers’ list, while ABCTRANS (-6.1%) and UNILEVER (-3.0%) recorded the most significant losses of the day.
