The Nigerian Exchange Limited, NGX kicked off the trading of equities this week with positive sentiments, ending Monday’s transactions with 0.34% gain.
Thus, the All-Share Index inched higher by 178.12 basis points or 0.34% to close at 53,086.46 basis points even as the market capitalisation increased by ₦96.30bn or 0.34% to close at ₦28.62trn.
This gain follows renewed buying interests in MTN NIGERIA COMMUNICATIONS PLC (+1.96%), FBN HOLDINGS Plc (+2.27%) and LAFARGE AFRICA PLC (+0.74%) which helped to outweigh losses in ZENITH BANK PLC (-0.43%), GUARANTY TRUST HOLDING COMPANY (-0.22%) and ECOBANK TRANSNATIONAL INCORPORATED (-1.27).
The total volume traded increased by 167.0% as a total of 755.62 million units of shares, valued at ₦8.90bn were exchanged in 4,297 deals.
FBN HOLDINGS PLC (+2.27%) led both the volume and value charts with 610.41m units of shares traded in deals worth ₦6.78bn.
As measured by market breadth, market sentiment was positive as 19 stocks gained relative to 13 losers.
CONOIL PLC (+10.0%) and PHARMA-DEKO PLC. (+9.38%) topped the gainers’ list, while JAPAUL GOLD & VENTURES PLC (-6.25%) and ASSOCIATED BUS COMPANY PLC (-6.06%) recorded the most significant losses of the day.
Performance across sectors was mixed, as the Oil & Gas (+0.7%) and Industrial Goods (+0.1%) indices recorded gains, while the Insurance (-0.4%), Banking (-0.4%), and Consumer Goods (-0.1%) indices declined.
Hauwa Abu
