Buying interest in UBA (+2.3percent), Dangote Sugar (+2.4percent) and Access (+0.8percent) drove the All-Share Index 2bps higher to settle at 25,136.49 points.
Consequently, investors gained ₦2.0bn as market capitalisation advanced to ₦13.1tn while year to date loss improved to -6.4percent.
Activity level Increased as volume and value traded jumped 68.1percent and 33.3percent respectively to 271.0m units and ₦2.5bn.
Performance across sectors that we cover was bearish as 3 of 6 indices closed in the red while the AFR-ICT index remained flat.
Investor sentiment as measured by market breadth rose to 1.2x from the 1.1x recorded previously as 16 stocks gained relative to the 13 that declined.
Lasaco Assurance Plc released its Q2:2020 Unaudited Financials, which indicates that gross premium advanced 1.0percent y/y to settle at ₦6.9bn while profit after tax rose 5.6percent y/y to ₦632.0m.
