The Equities market continued with Wednesday’s bullish sentiments as the benchmark index further appreciating by 0.62% on Thursday.
Specifically, the All-Share Index gained 318.98 basis points to 52,048.85 basis points from 51,729.87 basis points.
In the same vein, the market capitalisation appreciated by ₦174b to close at ₦28,350 trillion from ₦28,176 trillion.
Investors interest in telco heavyweight, MTN Nigeria Communications PLC (+2.33%) as well as Tier-1 banking names, ZENITH BANK PLC (+2.87%), GUARANTY TRUST HOLDING COMPANY PLC (+2.08%) and FBN HOLDINGS PLC (+2.22%) offset selloffs in AIRTEL AFRICA which depreciated by 0.64%.
Analysis of Thursday’s market activities showed that a total of 211.74 million units of shares valued at ₦7.73bn were traded in 3,462 deals with AXAMANSARD INSURANCE PLC leading the volume chart with 26.25 million units of shares traded while AIRTEL AFRICA PLC led the value chart in deals worth ₦4.14bn.
As measured by market breadth, market sentiment was positive with 35 stocks appreciating as against 9 losers.
On top of the gainer’s table is ELLAH LAKES PLC with a previous selling price of ₦3.60k per share and selling at ₦3.96k per share, gaining 0.36k or 10.00%.
LASACO ASSURANCE PLC followed with an increase of 0.10k or 10.00% from ₦1.00k per share to ₦1.10k per share.
INTERNATIONAL BREWERIES PLC was next with a gain of 0.40k or 8.60% from ₦4.65k per share to ₦5.05k per share.
Leading the laggard’s table is ABBEY MORTGAGE BANK PLC with a fall from ₦1.70k per share to ₦1.53k per share by 0.17k or 10.00%.
Next is CHELLARAMS PLC with a previous selling price of ₦1.64k per share to a present selling price of ₦1.48k per share by 0.16k or 9.76%.
And FTN COCOA PROCESSORS PLC depreciating from 0.28k per share to 0.27k per share by 0.01k or 3.57%.
On sector performance, the Banking (+2.2%), Consumer Goods (+0.7%), Insurance (+0.6%), Oil & Gas (+0.5%), and Industrial Goods (+0.2%) indices mirrored the positive sentiments in the overall market.
Mercy Chukwudiebere
