Bullish start at NGX as All-Share Index ups by 0.20%
Salamatu Ejembi, Lagos
The Nigerian Exchange Limited, NGX kicked off the week on a positive note supported by investors’ demand for INTERNATIONAL BREWERIES PLC which upped 6.7% and GUINNESS NIG PLC which gained 5.7%.
Thus, the All-Share Index advanced by 93.43 basis points or 0.20% from 47,140.48 basis points to 47,233.91 basis points.
The Market Capitalization likewise expanded 0.20% or 50 billion Naira from 25,406 trillion Naira to 25,456 trillion Naira.
The total volume traded declined by 0.8% to 421.46 million units, valued at N4.22 billion, and exchanged in 5,961 deals.
TRANSNATIONAL CORPORATION OF NIGERIA PLC was the most traded stock by volume at 99.26 million units, while ZENITH BANK PLC was the most traded stock by value at N1.25 billion.
As measured by market breadth, market sentiment was positive as 31 tickers gained relative to 17 losers.
To top the gainers on Monday was R T BRISCOE PLC. which commenced trading at 0.60k per share and closed at 0.66k per share, gaining 0.06k or 10.00 percent.
Followed by UNITED CAPITAL PLC which started the trading day at N12.00k per share and closed at N13.20k per share, gaining N1.20k or 10.00 percent.
And AFRICA PRUDENTIAL PLC opened at N6.80k per share to close at N7.45k per share, gaining 0.65k or 9.56 percent.
Conversely, JULI PLC topped the losers table falling 0.08k or 9.76 percent from 0.82k per share to 0.74k per share.
Next is MULTIVERSE MINING AND EXPLORATION PLC with an opening price of 0.25k per share and closing at 0.23k per share, losing 0.02k or 8.00 percent.
Then MUTUAL BENEFITS ASSURANCE PLC fell from 0.28k per share to 0.26k per share, losing 0.02k or 7.14 percent.
Performance across sectors was broadly positive, as the Banking Index gained 0.7%, Consumer Good Index grew 0.4%, and Insurance index upped 0.2% while the Industrial Goods and the Oil & Gas indices closed flat.