The Nigerian equities market Monday kicked-started on a positive note, as the benchmark index rose by 0.71% to 27,115.89 points, following interest in MTNN and Zenith Bank. Consequently, the Month-to-Date and Year-to-Date losses moderated to -2.17% and -13.73% respectively.
Total volume of trades decreased by 2.92% to 250.74 million units, valued at NGN4.17 billion, and exchanged in 4116 deals. WAPCO was the most traded stock by volume at 47.15 million units, while MTNN was the most traded by value at NGN1.70 billion.
On the sectorial breakdown, the Banking (+1.34%) and Oil & Gas (+0.59%) indices closed positive, to offset losses in the Insurance (-2.41%), Consumer Goods (-1.59%), and Industrial Goods (-0.25%) indices.
Market sentiment, as measured by market breadth, was positive (1.54x) as 20 tickers recorded gains relative to 13 losers.
On the gainers list, Courtville (+10.0%) and UACN (+6.67%) recorded the largest gains, while Cadbury (-9.71%) and Chams (- 8.70%) recorded the largest decline.