Stocks Close Relatively Flat by 0.04%
The equities market closed relatively flat, as the All Share Index improved slightly by 0.04% to close at 26,426.20 points. Thus, the YTD performance improved to 0.80%.
Activity levels closed strong compared to the previous trading session, as total volume and value increased by 40.36% and 178.93% to close at 431.91million units and N7.82billion respectively.
Sector performance closed bullish as three out of the six major sub-indices closed positive, with the exception of the Oil and Gas sector, which closed flat. The Banking sector closed up by 1.08%, spurred by appreciation in UBA, ZENITHBANK, FBNH and GUARANTY. Gains in BUACEMENT and WAPCO propelled the Industrial sector by 0.25%, followed by the NSE 30, improving by 0.15%, on the back of gains in the aforementioned banking and industrial stocks. The consumer goods led the losers by 2.62%, fueled by decline in NESTLE, trailed by the Insurance sector, which declined by 0.90%.
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