Equities market gains N180bn in 3rd-day trading | Dailytrust

Equities market gains N180bn in 3rd-day trading

The positive momentum continued at the equity segment of the Nigerian Stock Exchange (NSE) market capitalisation advanced N180.9 billion to settle at N21.9 trillion in the third day of this week’s trading activities.

The All-share index gained 83 basis points (bps) to close at 41,930.73 points on the back of sustained gains in WAPCO (+7.3%), MTNN (+2.4%) and Airtel Africa  (+1.1%).

Accordingly, the Year to date return increased to 4.1%. Activity level advanced as volume and value traded rose 16.2% and 31.6% to 543.6 million units and N7.3bn respectively.

The most traded stocks by volume were Transcorp (57.2m units), Zenith (47.2m units) and FBNH (38.1m units) while Airtel Africa (N1.8bn), Zenith (N1.2bn) and Guaranty (N901m) led by value.

Performance across sectors under our coverage was positive as only the Oil & Gas index lost 0.1%, following sell-offs in Ardova (-2.4%).