The Nigeria Stock Exchange has closed its first trading session on a slightly positive note. The market recorded a gain estimated at nearly 3 billion naira. Investors, for most importantly, have adopted a cautious attitude, in a context of signals contrasting sectors.

Market capitalization has thus grew modestly to around 95.3 trillion naira. Of For its part, the All-Share Index (ASI) gained 4.62 points, closing at 149,437.88 dots. This evolution reflects a measured buying interest, despite a volume global trade in decline.

In total, 553.16 million shares, for worth 13.27 billion naira, were negotiated through 28,888 transactions. Compared to the previous session, activity fell by 3% in volume and a marked decrease of 54% in value. On the other hand, the number of transactions grew by 42%, a sign of a more fragmented market.

According to analysts, this configuration reflects the selective positioning of investors. These last currently prefer to rebalance portfolios and take profits on certain stocks with large capitalization.

However, the general trend has leaned in favor of the bulls. Twenty-eight titles ended up, compared to twenty-three down, while several values remained stable. Sovereign Trust Insurance Plc led the gains, with an increase of 10% at 3.74 naira per share.

Guinness Nigeria Plc followed up, recording an increase of 9.96% to 239.50 naira. MeCure Industries Plc gained 9.88% at 41.70 naira, while First HoldCo Plc grew by 9.86% to 34.55 naira. AIICO Insurance Plc and Alex Industries Plc also posted performances. notable.

Conversely, Prestige Assurance Plc accused the biggest drop, dropping 10% to 1.53 naira per share. FTN Cocoa Processors Plc fell by 8.16% to 4.50 naira. Guinea Insurance Plc lost 7.69%, closing at 1.08 naira.

Royal Exchange Plc gave up 7.25% to 1.79 naira, while Nigerian Breweries Plc lost 6.86% to 76.75 naira. These downturns reflect profit-taking targeted at certain values. headlights.

Sectoral performances have remained contrasting. Banking and insurance indexes supported the market. The banking index thus increased by 0.89%, while that of insurance gained 0.87%. In contrast, the Top 30 index fell slightly by 0.08%, under the effect of sales on star titles.

In terms of business, FCMB Group Plc has imposed as the most traded value by volume, with 92.04 million of actions. It is followed by Access Holdings Plc, with 67.93 million shares. Consolidated Hallmark Holdings Plc registered 50.78 million shares exchanged. Fidelity Bank Plc and Jaiz Bank Plc are also among the most active values.

In value, Vitafoam Nigeria Plc dominated the transactions, before Access Holdings Plc, GTCO Plc, First HoldCo Plc and FCMB Group Plc.

For analysts, the limited gain of around 3 billion naira illustrates the continued caution of investors. This is explained by macroeconomic signals again mixed and by cautious expectations about corporate results and economic policy guidelines.

In the short term, exchanges could remain dominated by trade-offs and profit-taking, in the meantime the emergence of clearer catalysts. However, the rise of ASI and of market capitalization testifies to an underlying resilience of the market nigerian shares.

According to The PUNCH newspaper, investors traded 4.373 billion shares last week for a value of 97.783 billion naira, through 110,736 transactions. This volume remains lower than the previous week, marked by 6.617 billion of shares for 113,224 billion naira.

Despite this downturn, the market has recorded solid weekly gains. The ASI index and capitalization stock markets rose by 1.63% and 1.64% respectively, to close at 149 433.26 points and 95,264 billion naira.