…Banking and Consumer Goods sectors led the gains, up +1.0% and +0.2% respectively, while the Insurance (-0.4%), Oil & Gas (-0.1%), and Industrial Goods (-0.1%) indices declined
MON SEPT 23 2024-theGBJournal| Nigerian equities market impressed on Monday with major large cap stocks gaining by the close of the day’s trading, spurred by gains in FIDELITYBK (+9.9%), FBNH (+2.6%), and FLOURMILL (+9.8%).
The benchmark index, the NGX All-Share Index (ASI) ended 0.1% to 98,386.60 points, with most sectors and stocks in positive territory as market capitalization raced up by N79.65 billion to N56.54 trillion.
Banking and Consumer Goods sectors led the gains, up +1.0% and +0.2% respectively, while the Insurance (-0.4%), Oil & Gas (-0.1%), and Industrial Goods (-0.1%) indices declined.
The Month-to-Date and Year-to-Date returns settling at +1.9% and +31.6%, respectively.
Market sentiment was positive (1.6x), as 32 tickers gained relative to 20 losers.
MCNICHOLS (+10.0%) and FCMB (+10.0%) led the gainers, while BERGER (-9.8%) and DAARCOMM (-9.3%) recorded the highest losses of the day.
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