Wednesday’s Trading of equities on the floor of the Nigerian Exchange Limited, (NGX) ended with a sustained bullish sentiment for the third consecutive session this week as the benchmark index climbed 0.51%.
Driven by investors’ interest in FBN HOLDINGS PLC (+9.6%), GUARANTY TRUST HOLDING COMPANY PLC (+3.2%) and ACCESS HOLDINGS PLC (+6.3%), the Month-to-Date and Year-to-Date returns settled at +0.8% and +2.3%, respectively.
The Market Capitalization increased by 332 billion Naira or 0.51% to close at 65,222 trillion Naira from 64,890 trillion Naira. In the same vein, the All-Share Index grew by 0.51% or 536.54 basis points to close at 105,324.89 basis points from 104,788.35 basis points.
The total volume of trade significantly increased by 124.1% to 1.06 billion units, valued at N28.81 billion, and exchanged in 15,080 deals.
ACCESS HOLDINGS PLC was the most traded stock by both volume and value at 473.22 million units and N12.57 billion, respectively.
As measured by market breadth, market sentiment was positive as 37 tickers gained relative to 21 losers.
The most significant gains of the day were GUINEA INSURANCE PLC.with a rise from a previous selling price of 0.80k per share to 0.88k per share, gaining 0.08k or 10.00%. ETERNA PLC was next rising from N27.60k per share to close today at N30.35k per share, gaining N2.75k or 9.96%. And CADBURY NIGERIA PLC.trailed with an increase from N22.10k per share to N24.30k per share, by N2.20k or 9.95%.
While the three top losers’ today are; MAY & BAKER NIGERIA PLC.depreciating from N8.60k per share to N7.75k per share, losing -0.85k or -9.88%. Followed by ACADEMY PRESS PLC. with a fall from N3.00 per share to N2.72k per share, losing -0.28k or -9.33%. While THOMAS WYATT NIG. PLC. came third on the losers chart with a decline from N2.04k per share to N1.85k per share, shedding off -0.19k or -9.31%.
Sectoral performance was mixed, as the Banking (+3.2%), Oil & Gas (+0.3%) and Industrial Goods (+0.1%) indices inched higher, while the Insurance (-0.7%) and Consumer Goods (-0.4%) indices declined.
Olusola Akintonde
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