News & Insights

Stocks Favour Investors With N140bn Yield

Stocks Favour Investors With N140bn Yield











The domestic equities market of the Nigerian Stock Exchange (NSE) continued its bullish run as market capitalisation increased by ₦140 billion to ₦18.6 trillion.

The All Share Index (ASI) gained 76 basis points (bps+ to close at 35,493.15 points while the returns improved to 32.2 per cent.

Market performance was buoyed by buying interest in bellwethers Nestle (+7.5%), Zenith (+2.6%) and Guaranty (+1.2%).

Activity level was mixed as volume traded surged 146.2% to 650.5 million units while value traded fell 22.4% to N2.3bn. The most traded stocks by volume were JAIZ Bank (415.0m units), Mansard (22.3m units) and Zenith (19.3m units), while Zenith (N472.7m), Dangote Sugar (N257.6m) and Nestle (N231.0m) led by value.