…Sectoral performance was positive, as the Insurance (+1.9%), Consumer Goods (+0.7%), Banking (+0.6%), Oil & Gas (+0.4%), and Industrial Goods (+0.2%) indices all advanced
MON JUNE 23 2025-theGBJournal| The Nigerian equities market sustained its bullish run on Monday as investors continues to draw confidence from Central Bank of Nigeria’s (CBN) reassurance of financial sector stability.
Numerous bank’s releases assuring shareholders of plans to exit forbearance positions and maintain dividend policies, also helped to boost investors confidence.
Drawing from these developments, the benchmark All-Share Index jumped higher by 0.4% to 118,579.65 points, driven by gains in PRESCO (+10.0%), TRANSCORP (+2.1%), FIRSTHOLDCO (+3.9 %) and ZENITHBANK (+1.9%) shares.
The Month-to-Date and Year-to-Date returns settled higher at +6.1% and +15.2%, respectively.
The total volume of trades increased by 25.0% to 653.66 million units, valued at N21.33 billion, and exchanged in 22,206 deals.
FIDELITYBK was the most traded stock by volume at 141.71 million units, while OKOMUOIL was the most traded stock by value at N3.46 billion.
Sectoral performance was positive, as the Insurance (+1.9%), Consumer Goods (+0.7%), Banking (+0.6%), Oil & Gas (+0.4%), and Industrial Goods (+0.2%) indices all advanced.
As measured by market breadth, market sentiment was positive (2.1x), as 46 tickers gained relative to 22 losers. BETAGLAS (+10.0%) and FTNCOCOA (+10.0%) led the gainers, while JBERGER (-7.5%) and CHAMS (-5.1%) recorded the most significant losses of the day.
All-Share Index jumps 0.4% as investors continue to draw confidence from CBN’s reassurance of stability in the financial sector
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