The equities market on the floor of the Nigerian Exchange Limited, NGX, ended trading activities on a positive note when the benchmark index appreciated by 0.1% to settle at 102,183.06 basis points.
Analysis according to Cordros Securities Limited attributed the rise to gains in DANGOTE CEMENT PLC (+3.1%), DANGOTE SUGAR REFINERY PLC (+9.9%) and GUARANTY TRUST HOLDING COMPANY PLC (+1.1%).
The total volume of trades advanced by 9.5% to 472.16 million units, valued at NGN16.70 billion, and exchanged in 12,336 deals.
GUARANTY TRUST HOLDING COMPANY PLC was the most traded stock by volume and value at 65.05 million units and NGN3.77 billion, respectively.
As measured by market breadth, market sentiment was negative (0.7x), as 34 tickers lost relative to 25 gainers.
LIVESTOCK FEEDS PLC. (-10.0%) and NEIMETH INTERNATIONAL PHARMACEUTICALS PLC (-9.8%) posted the most significant losses of the day, while N NIG. FLOUR MILLS PLC. (+10.0%) and DANGOTE SUGAR REFINERY PLC (+9.9%) led the gainers.
On sectors, the Industrial Goods (+1.4%), Banking (+0.2%), and Consumer Goods (+0.2%) indices advanced, while the Oil & Gas (-2.5%) and Insurance (-1.3%) indices settled lower.
Olusola Akintonde
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