The Nigerian equity market sustained last week’s positive sentiment as the Covid-19 lockdown ease began today (Monday), following the Federal government directive to open the economy partly, after 34 days of total lockdown in Lagos and Ogun state, including the FCT. However, the market breadth closed negatively, recording 15 gainers as against 19 losers.
In summary, the All-Share Index (ASI) increased by 68.85 absolute points, representing a growth of 0.30% to close at 23,089.86 points. Similarly, the overall Market Capitalization size increased by N35.88 billion, representing a growth of 0.30% to close at N12.03 trillion.
PRESTIGE emerged as the top gainer while NEM & NEIMETH emerged as the top losers.
The uptrend was impacted by gains recorded in large and medium capitalized stocks, among which are ARDOVA (+9.96%), UACN (+4.39%), VITAFOAM (+3.83%), MTNN (+3.57%), TRANSCORP (+3.03%), DANGSUGAR (+2.81%), OANDO (+1.21%) and ZENITHBANK (+0.35%).