…As Fidelity, Transcorp, Oando Lead Gainers’ Chart

Nigerian Stock Market Kicks Off Week on Bullish Note
The Nigerian stock market commenced the week on a positive trajectory, with the NGX All-Share Index (NGXASI) advancing by 2 basis points to close at 102,370.36 points. This upward momentum extended the market’s positive trend, driven by investor interest in key stocks.
Market Gainers and Losers
The market’s bullish sentiment was fueled by notable gains in FIDELITYBK (+3.41%), TRANSCORP (+3.30%), OANDO (+3.06%), WAPCO (+1.36%), and ZENITHBANK (+0.43%), among 32 other advancers. Conversely, 26 stocks depreciated, with HONYFLOUR (-7.58%), INTBREW (-2.78%), and EUNISELL (-9.99%) leading the losers’ pack.
Sectoral Performance
Sectoral performance was largely positive, with three out of five indices in our universe appreciating. The Insurance Index led the gainers, up 2.12%, owing to price upticks in UNIVINSURE (+9.52%) and SOVERNINS (+9.09%). The Industrial and Banking Indices also rose by 0.17% and 0.12%, respectively, supported by gains in WAPCO (+1.36%) and FIDELITYBK (+3.41%). In contrast, the Consumer Goods and Oil/Gas Indices dipped 0.46% and 0.11%, respectively, weighed down by losses in HONYFLOUR (-7.58%), INTBREW (-2.78%), and EUNISELL (-9.99%).

Market Activity and Breadth
Market activity was positive, with traded volume and value surging by 304.48% and 49.62% to 1.33 billion units and N17.67 billion, respectively. The market breadth, which measures investor sentiment, decreased to 1.23x from 1.48x as 32 stocks appreciated and 26 stocks depreciated.
Investor Sentiment
Investor sentiment remains cautiously optimistic, with the Year-to-Date return settling at 0.54%. The overall market capitalization rose by 0.02% to N62.86 billion, adding N10.24 billion to investors’ wealth.
Naira Depreciates
The Naira depreciated by 0.16% to close at N1,550.05 against the US Dollar.
Top Traded Stocks
The top traded stocks by volume were WEMABANK, UNIVINSURE, AIICO, OANDO, and ZENITHBANK. The top traded stocks by value were WEMABANK, OANDO, ZENITHBANK, ARADEL, and MTNN.
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