The Nigerian Stock Exchange (NSE) experienced a slight rebound today, with the All-Share Index gaining 0.18% to close at 97,098.98 points. This modest increase came as gains in key stocks helped counterbalance losses in others.
The positive movement in the index was largely attributed to significant gains in major stocks. MTNN increased by 0.28%, GTCO rose by 1.47%, and ZENITHBANK climbed by 1.37%. These gains helped to mitigate declines in UBA, which fell by 0.48%, NESTLE, down by 1.81%, and TRANSCORP, which dropped by 3.70%.
As a result of today’s performance, the year-to-date (YTD) return improved slightly by 18 basis points, reaching 29.86%. Additionally, the market capitalization of the NSE grew by ₦96.79 billion, closing at ₦55.13 trillion.
Today’s trading activity saw a significant increase in turnover. The total value of transactions surged by 89.59% compared to the previous session, with 636.50 million shares exchanged for ₦12.77 billion across 9,744 deals. ACCESSCORP led the volume chart, trading 112.62 million shares, while GTCO topped the value chart with transactions worth ₦3.34 billion.
Market breadth closed positive, with a ratio of 1.24 advancing issues for every declining issue. REDSTAREX led the gainers with a notable increase of 10.00%, while NEMETH was the worst performer, falling by 7.69%. This reflects a day of mixed performance across various sectors and individual stocks.
