The benchmark of equities trading on the floor of the Nigerian Exchange Group Limited, NGX, advanced further by 0.07% at the close of business on Thursday.
The local bourse remained bullish for the fourth consecutive trading session of this week as the All-Share index appreciated by 0.07% to close at 70,819.58 points higher than the 70,773.31 points recorded the previous day.
Consequently, the year-to-date gain of the Exchange rose to 38.18% as market capitalisation of listed equities reached N38.91 trillion.
The day’s trading activities ended with 26 gainers relative to 27 losers.
Profit-taking activities in stocks such as UPDC, MECURE, SCOA, JAPAULGOLD and UACN enjoyed investors’ patronage as their respective share prices surged by 9.91%, 9.85%, 9.73%, 9.58% and 8.47%, respectively indicating a bullish market mood.
On the other hand, VFDGROUP, MULTIVERSE, TIP, REGALINS and DAARCOMM share price dropped by 10%, 9.38%, 9.35%, 8.57% and 8.33% respectively.
The market activity showed further improvement as the total traded volume and value for the day soared by 1.94% and 71.44% to 569.19 million units and N16.79 billion. However, the total deals for the second day, declined by 3.62% to 6,169 trades.
JAPAULGOLD was the most traded security for the day in terms of volume and value with 113.96 million units worth N208.5 billion exchanging hands in 174 deals.
