The Nigerian Exchange Limited, NGX built-up on Wedenesday’s gain to appreciate for the 4th consecutive trading session for this week.
Investors interest in MTN NIGERIA COMMUNICATIONS PLC(+3.9%) and SEPLAT ENERGY PLC (+9.5%) stimulated Thursday’s positive performance as the benchmark index grew 0.93%.
The Market capitalisation increased by ₦271 billion or 0.93% from ₦29,140 trillion and settled at ₦29,411 trillion. While the All-Share Index advanced from 53,499.68 basis points to 53,998.12 basis points by 498.44 basis points or 0.93%.
Also, the total volume of shares traded increased to 2.87 billion units of share, valued at ₦8.07 billion, and exchanged in 3,940 deals.
UNIVERSAL INSURANCE PLC was the most traded stock by volume at 2.72 billion units of shares, while AIRTEL AFRICA PLC was the most traded stock by value at ₦3.49 billion.
As measured by market breadth, market sentiment was positive with 27 advancing issues outnumbering 13 declining ones.
Top of the gainer’s log is MRS OIL NIGERIA PLC. with an increase of ₦1.60k or 10.00% in price from ₦16.00 per share to ₦17.60k per share. N NIG. FLOUR MILLS PLC was next with a growth from ₦8.10k per share to ₦8.90k per share by 0.80k or 9.88%. And INTERNATIONAL ENERGY INSURANCE PLC rose from 0.82k per share to 0.90k per share by 0.08k or 9.76%.
Conversely, SUNU ASSURANCES NIGERIA PLC led the laggard’s table depreciating by 0.03k or 8.11% to settle at 0.34k per share from 0.37k per share. Followed by MUTUAL BENEFITS ASSURANCE PLC falling from 0.39k per share to 0.36k per share by 0.03k or 7.69%. And LINKAGE ASSURANCE PLC trailed with a 0.03k or 6.25% loss from 0.48k per share to 0.45k per share.
Sectoral performance was mixed, as the Banking (-0.4%) and Insurance (-0.4%) indices declined, while the Consumer Goods and Industrial Goods indices closed flat. The Oil & Gas (+5.2%) index was the sole gainer for the day.
Confidence Okwuchi
