NGX Equities continue on bullish run

Salamatu Ejembi, Lagos


The bullish run in the local bourse continued on Friday as the All-Share Index advanced by 0.1% to 39,210.10 points.

Analysis according to Cardross Capital stated that trading during the day was mixed, however, investors’ late demand for VITAFOAM (+3.5%) and MAY & BAKER (+5.0%) drove the performance.

Accordingly, Month-to-Date gain increased to +2.0% while Year-to-Date loss moderated to -2.6%.

The total volume of trades decreased by 12.8% to 158.37 million units, valued at N2.24 billion, and exchanged in 3,330 deals.

ZENITH BANK PLC was the most traded stock by volume and value at 27.32 million units and N629.22 million, respectively.

As measured by market breadth, market sentiment was positive (1.3x), as 19 tickers gained relative to 15 losers. LINKASSURE (+9.1%) and PZ (+7.1%) recorded the most significant gains of the day, while CWG (-9.6%) and CHIPLC (-9.0%) topped the losers’ list.

On sectors, the Banking (+0.5%) and Consumer Goods (+0.4%) indices recorded gains while the Insurance (-1.0%) index declined. Elsewhere, the Industrial Goods and Oil & Gas indices closed flat.




Hauwa Abu

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