Daily Market Report 9th May 2024 | InfoWARE Finance
Daily Market Report 9th May 2024
(Source: Arthur Stevens Asset Management , Date: 09-May-2024)
MARKET REVIEW
The Nigerian Equity Market closed slightly bullish, with the All-Share Index (ASI) gaining up to 0.03% today.
The upward trend marginally increased the year-to-date return to 31.40%. The market drivers were UBA, ZENITHBANK, ACCESSCORP among others. As a result, the market capitalization settled at ₦55.57 trillion. The market breadth, a key indicator of investor sentiment, stood at 0.86x, compared to 0.78x in the previous trading session, suggesting a moderate investors' appetite.
GAINERS & LOSERS, VOLUME&VALUE DRIVERS, COMMODITIES RATES
The market recorded 19 advancers, led by LEARNAFRCA, TANTALIZER, and MBENEFIT, which gained 10.00%, 7.69%, and 5.45%, respectively. Conversely, 22 decliners were led by stocks of PZ, SOVRENINS, and HONYFLOUR, which fell by 9.94%, 9.52%, and 8.23%, respectively. The top volume and value drivers of the day's trading activity were NB, UBA, GTCO, ZENITHBANK among others.
Regards,
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