Stock market stable with N1trn gain | Dailytrust
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Stock market stable with N1trn gain

Trading hall of the Nigeria Stock exchange, Lagos.

The positive performance on the floor of the Nigeria Stock Exchange (NSE) persisted in the equities market on the back of gains in Oando (+27.3 per cent), Mansard (+25.0%) and Dangote Cement (+22.5%).

With this, investors gained ₦1 trillion as the market capitalisation rose to ₦20.3trn while the returns increased to 44.5%.

The All-Share index advanced by 5.4% on the weekly basis to 38,800.01 points. Activity level improved as average volume and value traded spiked 238.6% and 82.2% to 389.7 million units and ₦8bn respectively.

The most traded stocks by volume were Zenith (198.9m units), Mansard (158.3m units) and Flourmill (129.8m units) while Dangote Cement (₦6.4bn), Zenith (₦4.9bn) and Guaranty (₦3.9bn) led the value chart.

Performance remained bullish across sectors as 5 of 6 indices monitored closed in the green, except the Banking index which lost 1% due to losses in Guaranty (-2.8%) and Zenith (-1.0%).

Investor sentiment as measured by market breadth  improved to 3.8x from 3.4x last week as 46 tickers climbed against 12 decliners.