Equity Investors Reap N805bn, ASI Up 0.65% as week opens Bullish

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The Nigerian Exchange sustained its positive momentum on Monday, opening the week with the All-Share Index advancing 0.65% to 196,263.55 points, bringing the year-to-date return to 25.12%. Market capitalization expanded by 0.64%, adding N804.56 billion to N125.97 trillion, following the suspension of ZICHIS from the NGX trading platform.

Market breadth was slightly bearish at 0.97x, with 34 declining stocks marginally outpacing 33 advancing counters. FTGINSURE, OKOMUOIL, FIDSON, NPFMCRFBK, and INFINITY led the gainers, while TIP, DEAPCAP, LIVINGTRUST, MULTIVERSE, and ELLAHLAKES suffered the steepest losses.

Sectoral performance was divergent: Insurance topped gains with a 3.42% surge, followed by Banking climbing 1.44%, Industrial rising 1.30%, and Commodity increasing 0.71%. In contrast, Consumer Goods and Oil & Gas fell 0.11% and 0.20% respectively. Trading activity strengthened broadly as share volume jumped 57.07% to 1.29 billion units, transaction value grew 11.21% to N31.50 billion, and deal count soared 49.73% to 95,091 transactions.

FTGINSURE led the days the highest gainer stock with N0.06 or 10.00 per cent rise to close at N0.66 per share, followed by OKOMUOIL with N145.90 or 10.00 per cent to close at N1605.60 per share, FIDSON appreciated by N8.60 or 9.90 per cent to N95.50, NPFMCRFBK grew by N0.62 or 9.89 per cent to N6.89, while INFINITY closed the top five gainers stocks group at N17.30 per share, following growth by N1.55 or 9.84 per cent.

Worst five loser stocks

TAJSUKS1 led the losers with N.51 or 13.59 per cent dip to close the day at N85.90, followed by TIP with N1.95 or 10.00 per cent dip, to N17.55 per share, LO- TUSHAL15 lost N24.50 or 10.00 per cent of its value to close at N220.50, DEAPCAP depressed by N0.76 or 9.97 per cent to N6.86, per share, while LIVINGTRUST closed the worst five losers group at N5.90 per share,. Having declined by N0.65 or 9.92 per cent.

Top five trades

JAPAULGOLD led the day as the highest transacted stock with turnover of 473,981,656.00 million shares worth N1,969,843,750.24 billion, followed by CHAMS with 51,524,560.00 million shares worth N221,262,263.22 MILLION, WHILE JAIZBANK closed third in the group with 48,274,334.00 million shares worth N566,895,227.51 million.