Trading on the floor of the Nigerian Stock Exchange opened the new week with moderate gain as market capitalization added N14 billion to close at N11.47 trillion from the N11.46 trillion it closed at the end of the last trading day.
The All Share index (ASI) added 0.12 per cent to close at 33,301.43 basis points as against the 33,261.66 basis points last Friday. Its Year-to-Date (YTD) returns currently stands at +23.91%.
Market breadth closed negative as UNILEVER led 22 Gainers as against 25 Losers topped by OANDO at the end of yesterday’s session – an unimproved performance when compared with previous outlook.
Market turnover closed positive as volume moved up by +3.60% as against +7.88% uptick recorded in the previous session. NIGERINS, FBNH and FCMB were the most active to boost market turnover. GUARANTY and FLOURMILL topped market value list.
In another development, NASDAQ and the Nigerian Stock Exchange (NSE) have officially announced the launch of a new market surveillance platform powered by SMARTS, NASDAQ’s flagship surveillance solution.
The technology will, amongst other things, enable NSE to proactively monitor market manipulation (including spoofing and layering), detect and deter manipulative tendencies, gather intelligence, carry out traders’ monitoring and analysis, conduct multi-asset and cross-market surveillance and execute risk-based supervision of flagged participants.
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