Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... VSPBONDETF 83.15  FTNCOCOA 10.00  TIP 10.00  JULI 9.97  CHAMPION 9.94  PZ 9.93  TRANSCORP 9.93  ACCESSCORP 9.92  STERLINGNG 9.89  UPDC 9.85  BUACEMENT -10.00  CONOIL -10.00  MTNN -9.96  THOMASWY -9.78  SOVRENINS -6.52  MERVALUE -5.80  CORNERST -4.76  NASCON -3.94  FIDELITYBK -3.85  VETINDETF -3.07 
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MARKET SUMMARY - DECEMBER 06, 2023...NGX ASI GAIN +0.78%; ZENITHBANK & MTNN SUSTAINED EQUITIES MARKET ....
(Source: Securities Africa Nigeria Research, Date: 06-Dec-2023)

Description: cid:image003.png@01CFA726.996172D0

 

 

The NGX ASI +0.78%, $14.9m

 

·         The bulls consolidated the positive sentiment in the equities market with a strong performance today posting a 73 basis point gain. As a result, the NGX ASI settled higher at 71,808.64, whilst the year to date gain increased to 40.11%.

 

·         On a sectorial basis, the banking index (+5.01%) produced a strong performance as ZENITHBANK, ACCESSCORP and FBNH attracted investors thus, pushing the index to a positive close. The consumer goods sector shed -0.11% thanks to losses in INTBREW and CADBURY. WAPCO was the sole loser in the industrial index (-0.02%), whilst the selloffs in MANSARD and MBENEFIT depressed the insurance index (-2.00%).

 

·         The gains in MTNN (+0.25%), ZENITHBANK (+3.44%), GTCO (+0.51%), FBNH (+9.91%) and ACCESSCORP (+9.04%) topped the losses in WPACO (-0.33%) and DANGSUGAR (-0.09%) as the market closed positive.

 

The sectorial performance was positive:

             

                     

             Value traded was decent as transactions worth N12.1bn ($14.9m) were consummated.

 

  • A few notable trades of the day were the transactions executed on;

             

            

 

Market Breadth

 

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