Monday, June 30, 2025
CAPITAL MARKETMARKETSTOP STORY

Nigerian bourse reverses loses as Index up 0.90%

 

Gains resurfaced on the Nigerian bourse on Wednesday, as the All-Share Index (ASI) increased by 0.90 per cent, largest gain since 27th April – to 40,992.97 points. This was said to be largely attributable to renewed interests in DANGCEM shares.

The Month-to-Date loss moderated to -0.6 per cent, while the Year-to-Date gain improved to 7.19 per cent.

The Consumer Goods (+1.63%) index posted the largest gain, while the Industrial Goods (+0.74%) and Insurance (+0.31%) indices followed suit, owing to demands for UNILEVER (+4.91%), DANGCEM (+2.67%), and MANSARD (+4.70%) shares respectively.

On the flip side, the Banking (-0.39%) and Oil & Gas (-0.34) indices closed lower, driven by profit-taking in the shares of ACCESS (-1.79%) and FO (-3.13%).

Market breadth remained negative, with 30 losers and 15 gainers, led by SKYEBANK (-9.41%) and CUTIX (+5.00%) respectively. Total volume of trades increased by 27.60% to 259.49 million units, valued at NGN4.36 billion, and exchanged in 4,000 deals.

Strengthening macroeconomic fundamentals remain supportive of our outlook for gains in the equities market. Analysts at Cordros Capital said.

Business247 News Online
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