✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Equity market opens week with N145bn gain

The domestic equities market opened the week positively due to buying interest in Guaranty (+4.3 percent), MTNN (+3.1%) and WAPCO (+2.6%), which saw investors gain  N145 billion as market capitalisation rose to N20.7 trillion.

The all-share index rose 71bps to 39,493.37 points while year-to-date loss improved to -1.9 per cent.

Trading activity advanced as volume and value surged 108.1 per cent and 281.8 per cent respectively to 522.2m units and N10.7bn.

SPONSOR AD

Across sectors, performance was bullish as four indicators closed in the green.

On the flip side, sell-offs in Oando (-6.1%) and Dangote Cement (-0.4%) dragged the oil and gas and industrial goods indices lower by 0.5 per cent and 0.1 per cent respectively.

Investor sentiment, as measured by market breadth, strengthened to 2.3x from the 1.5x recorded previously as 28 stocks gained against 12 decliners.

 

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

NEWS UPDATE: Nigerians have been finally approved to earn Dollars from home, acquire premium domains for as low as $1500, profit as much as $22,000 (₦37million+).


Click here to start.