Trading of equities on the floor of the Nigerian Exchange Limited, NGX, closed on Wednesday with the benchmark index rising by 2 per cent, attributed to investors buying interest in FBN Holdings PLC and NIGERIAN BREW. PLC stocks.
The marginal gain is also evident in the All-Share Index rising 0.02%, or 17.2 basis points, to close at 107,798.99 basis points from 107,781.79 basis points. As well as the market capitalisation also by 0.02%, or 11 billion, to close at 67,179 trillion from 67,168 trillion.
Thus, the month-to-date and year-to-date returns printed +3.2% and +4.7%, respectively.
The total volume traded stood at 245.52 million units of shares, valued at N8.41 billion, and exchanged in 10,098 deals.
Access Holdings PLC was the most traded stock by volume at 36.55 million units, while ZENITH BANK PLC was the most traded stock by value at NGN1.29 billion.
As measured by market breadth, market sentiment was positive, as 34 stocks gained relative to 16 losers.
UH REAL ESTATE INVESTMENT TRUST (+9.94%), AFRICA PRUDENTIAL PLC (+9.90%), and CAVERTON OFFSHORE SUPPORT GRP PLC (+9.87%) topped the gainers’ list, while GUINEA INSURANCE PLC. (-10.00%), EUNISELL INTERLINKED PLC (-9.68%), and THE INITIATES PLC (-8.02%) recorded the highest losses of the day.
Sectoral performance was mixed as the insurance (+0.8%) and consumer goods (+0.6%) indices advanced, while the Oil & Gas (-0.7%) and banking (-0.2%) indices declined. The Industrial Goods index closed flat.
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