AFRICAN MARKETS

Nigerian Bourse Maintains Uptrend… ASI advanced further by 2.10%

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Market breadth index was positive with 30 gainers against 17 losers. AIRTELAFRI gained 10.00% to led the gainer’s chart today, while FCMB (-4.67%) topped the laggards.

 

Sectorial performance improved as Insurance, Industrial, Banking, Oil & Gas and Consumer Goods appreciated by +2.36%, +1.28%, +1.11%, +0.62% and +0.23% respectively.

 

Sector performance

NSE Insurance Index: Up by +2.36%, on price appreciation in MANSARD (+9.09%), REGALINS (+5.00%) and LASACO (+3.23%)

NSE Industrial Index: Advanced by +1.28% due to the gain in DANGCEM (+2.56%).

NSE Banking Index: Rose by 1.11%, on buy interest  in ETI (+3.97%), UBN (+3.77%) and ZENITHBK (+2.70%).

NSE Oil & Gas Index: Improved by +0.62%, as ARDOVA closed north by (+10.00%)

NSE Consumer Goods Index: Gained +0.23%, due to bargain hunting in UNILEVER (+9.54%).

 

Source

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