The equities market began the trading week bullish with the All Share Index appreciating by 134.18 basis points or 0.13% to settle at 104,630.30 basis points from Friday’s 104,496.12 basis points.
The market capitalization also expanded by 0.13% or 83 billion Naira to settle at 64,792 trillion Naira from the previous 64,709 trillion Naira.
The day’s positive close was driven by investors’ interest in PRESCO PLC as well as gains in MTN NIGERIA COMMUNICATIONS PLC and OKOMU OIL PALM PLC.
The total volume of trades declined by 59.4% to 510.57 million units, valued at NGN13.25 billion, and exchanged in 14,611 deals.
FBN HOLDINGS PLC was the most traded stock by volume at 83.99 million units, while ZENITH BANK PLC was the most traded stock by value at NGN2.73 billion.
As measured by market breadth, market sentiment was negative with 21 appreciating shares as against the to 35 losers.
BETA GLASS PLC. led the gainers with a rise from a previous selling price of N71.50k per share to close at N78.65k per share, gaining N7.15k or 10.00 percent. PRESCO PLC followed with a rise from N585.00 to N643.50k per share, gaining N58.50k per share or 10.00 percent. And OKOMU OIL PALM PLC. trailed with a rise from N488.40k per share to N537.20k per share, gaining N48.80k or 9.99 percent.
On the flip side, UNIVERSITY PRESS PLC. led the losers with a drop from N5.60k per share to close today at 5.04k per share, losing -0.56k or -10.00 percent. Next is OMATEK VENTURES PLC falling from 0.81k to 0.73k per share, losing -0.08k of -9.88 percent. While S C O A NIG. PLC depreciated from N4.07k per share to N3.67k per share, losing -0.40k or -9.83 percent.
On sectors, the Consumer Goods (-0.6%), Banking (-0.4%) and Industrial Goods (-0.1%) indices settled lower, while the Insurance (+0.5%) index advanced. The Industrial Goods index closed flat.
Olusola Akintonde
Comments are closed.