Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... MCNICHOLS 10.00  BERGER 9.72  REGALINS 9.68  WAPIC 6.15  CORNERST 5.00  UNITYBNK 3.13  TRANSCOHOT 3.03  MTNN 2.68  PRESTIGE 1.85  PZ 1.85  CHAMPION -10.00  GREENWETF -10.00  STANBICETF30 -10.00  CILEASING -9.80  SOVRENINS -9.76  CHAMS -9.64  RTBRISCOE -9.62  JAIZBANK -9.57  DEAPCAP -9.43  MERGROWTH -7.69 
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Daily Market Report 9th May 2024
(Source: Arthur Stevens Asset Management , Date: 09-May-2024)

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Dear Esteemed Investor,

Kindly see the report of the equities market on NGX today. Click here or to read the full report.

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. 


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Regards,

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