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The Nigerian equities market closed positive today as NSE-ASI gained +0.45%. The All Share Index (ASI), advanced from its opening index of 34,885.51 points to close at 35,042.14 points. The Aggregate market value of all quoted equities also increased from its opening value of N18.227 trillion to start the week at N18.309 trillion.


A total volume of 415.5 billion units of shares, valued at N4.89billion exchanged hands in 5,267 deals. MULTIVERSE was the most traded shares by volume with 84.0 million units, while ZENITHBANK topped by value at N1.13billion.

Investor sentiment was however inverse of the broad index with 29 losers and 17 gainers. NNFM (-10.00%) led the laggards, while AIRTELAFRI (+10.00%) was the top gainer today.


Performance across sectors was mixed, as Banking (-2.49%), Industrial (-0.68%) and Consumer Goods (-0.44%) closed in red, while the Insurance and Energy indexes improved by +1.63 and 0.01% respectively.

Sector Performance

  • NSE Banking Index:  Down by -2.49%, on sell-offs in GUARANTY (-5.14%), ETI (-2.33%) and ZENITHBANK (-1.84%).
  • NSE Industrial Index: Fell by 0.68% due to the price decline BUACEMENT (-1.79%).
  • NSE Consumer Goods Index: Dipped by -0.44%, as NNFM (-10.00%), UNILEVER (-5.82%) and PZ (-2.91%) closed north.
  • NSE Insurance Index: Advanced by +1.63%, on price appreciation in AIICO (+10.00%) and NEM (+3.24%).
  • NSE Oil & Gas Index: Inched by 0.01%, due to gain in OANDO (+0.67%).
MorganCapital Research