Bullish sentiment continued to dominate the domestic bourse today, led by gains in top banking stocks. Zenith Bank (ZENITHBANK) saw a rise of 3.2%, while GTCO (GTCO) increased by 1.4%. These gains helped push the benchmark index up by 4 basis points, settling at 105,593.28 points. As a result, the Year-to-Date return moved to +2.6%, though the Month-to-Date return still lags behind with a decline of -2.1%.
In terms of trading volume, there was a notable drop of 20.7%, with the total volume of shares traded declining to 349.33 million units. The total value of shares traded was NGN15.06 billion, executed across 12,450 deals. ACCESSCORP was the most traded stock by volume, with 36.60 million units traded, while GEREGU was the most traded stock by value, amounting to NGN8.22 billion.
Sector performance was a mixed bag: the Insurance (+2.0%) and Banking (+1.3%) indices saw positive gains, driven by a surge in banking stocks, while the Oil & Gas (-1.7%) and Consumer Goods (-0.1%) indices experienced declines. The Industrial Goods sector remained stable with no change in its index value.
Market breadth was also positive, with 28 stocks advancing and 21 stocks declining. Among the top gainers were MAYBAKER (+10.0%) and MBENEFIT (+9.6%), while the biggest losers were ETERNA (-9.2%) and ROYALEX (-8.0%).
