The Domestic bourse ended the day’s trading session on a positive note as bulls-maintained dominance over equities as over 35 billion trades in value was seen in Dangcem. This resulted in a 131 basis points increase for the NGX All-Share Index (NGXASI). The index rose to close at 63,766.72 points, compared to its previous session close of 62,943.35 points.

The bullish force was attributed to investors’ insight activities in several bellwether stocks such as Dangcem (+6.67%), ETERNA (+9.92%), MANSARD (+9.79%), FBNH (+3.75%), FLOURMILL (+3.33%), and GTCO (+1.47%) and 54 other stocks.

Consequently, the Year to Date (YTD) return experienced a notable increase to 24.42%. Additionally, the market capitalization also saw a rise, advancing by 1.31% and settling at N34.72 trillion. This upward movement in the market led to an increase in investors’ wealth by N448.34 billion.
 

We still anticipate a mixed sentiment in the equities market this week.