MON 25 APRIL, 2022-theGBJournal | The local bourse opened the week on a bullish note as investors’ positive reaction to NB’s Q1-22 earnings release drove a 0.2% increase in the All-Share Index to 48,558.91 points. Consequently, the Month-to-Date and Year-to-Date gains increased to +3.4% and +13.7%, respectively.
The total volume traded declined by 4.0% to 328.39 million units, valued at NGN4.04 billion, and exchanged in 5,711 deals. ZENITHBANK was the most traded stock by volume and value at 35.84 million units and NGN912.15 million, respectively.
Sectoral performance was broadly positive, as four of our coverage indices – Consumer Goods (+2.5%), Oil & Gas (+1.4%), Insurance (+0.4%) and Banking (+0.3%) – printed gains. The Industrial Goods (-1.1%) index was the sole loser of the day.
As measured by market breadth, market sentiment was positive (3.0x) as 42 tickers gained relative to 14 losers. UPDCREIT (+10.0%) and IKEJAHOTEL (+9.9%) recorded the most significant gains of the day, while UNITYBNK (-6.0%) and ACADEMY (-6.0%) topped the losers’ list.
Market activities
| Indicators | Current | Change (%) | YTD (%) |
| All-Share Index | 48,558.91 | 0.20 | 13.68 |
| Market Cap. (₦ ‘trillion) | 26.18 | 0.20 | 17.41 |
| Volume (millions) | 328.39 | -4.02 | |
| Value (₦ ‘billion) | 4.04 | 4.74 |
|
|
|
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: gbj@govbusinessjournal.ng|govandbusinessj@gmail.com
