CAPITALISATION rose to ₦18.2 trillion while YTD return improved to 29.5 per cent in the Nigerian Stock Market yesterday. Activity level strengthened as volume and value traded increased by 19.0 per cent and 47.4 per cent to 434.9million units and ₦6.9billion, respectively.

The most traded stocks by volume were TRANSCORP (84.5m units), ZENITH (59.2m units) and ACCESS (29.9m units) while DANGCEM (₦2.2bn), ZENITH (₦1.5bn) and GUARANTY (₦768.5m) led by value.

Equities market closed positive as the benchmark index advanced by 125bps to 34,769.00 points, following buying interest in DANGCEM (+2.6 per cent), AIRTELAF (+1.9 per cent and DANGSUGAR (+5.9 per cent). Consequently, investors gained ₦223.9bn as market.

Performance across sectors was bullish as 5 of the 6 indicators under our coverage closed in the green.

The Banking and Industrial Goods indices gained, up 1.6 per cent apiece due to buying interest in ZENITH (+1.7 per cent), GUARANTY (+1.2 per cent), DANGCEM (+2.6 per cent) and WAPCO (+3.4 per cent).

Similarly, the Insurance and AFR-ICT indices rose 1.4 per cent and 1.0 per cent respectively, following price appreciation in MANSARD (+9.8 per cent) and AIRTELAF (+1. per cent ). Price uptick in FLOURMILL (+9.8 per cent) and GUINNESS (+2.9 per cent) drove the Consumer Goods index higher by 0.7 per cent. Conversely, sell-offs in OANDO (-6.6 per cent) dragged the Oil & Gas index lower by 0.6 per cent.