By Bamidele Famoofo
WorldStage– The Nigerian equities market opened week strong and rebounding on Tuesday, with the NGX All-Share Index gaining 0.16 percent to close at 202,023.10 points, lifting the year-to-date return to +29.82 percent and adding N208.65 billion to market capitalization, which settled at N130.01 trillion.
Market breadth was broadly negative at 0.6x, as 37 decliners led by ELLAHLAKES, DAARCOMM, CHAMS, JOHNHOLT, and SUNUASSUR outpaced 23 advancers, with TRANSEXPR, OMATEK, CADBURY, FIRSTHOLDCO, and FTGINSURE posting the most notable gains. Sectoral performance was mixed, as Banking (+1.46%), Oil & Gas (+0.12%), Commodity (+0.11%), and Consumer Goods (+0.10%) closed in positive territory, while Insurance (-1.37%) and Industrial (-0.31%) weighed on the index.
Trading activity strengthened considerably across the board, with volume, turnover, and deal count surging 105.85 percent, 109.11 percent, and 57.03 percent to 1.15 billion shares, N40.28 billion, and 78,006 transactions respectively.
In the next session, market is expected to sustain its mild-bullish run as investors continue to rebalance their portfolios amid unstable global
