The Equities Market of the Nigerian Exchange Limited, NGX has on Thursday appreciated by 0.40% from investors interest in BUACEMENT which grew 2.1% and ZENITH BANK PLC which grew 1.3%.
After three days consecutive losses this week, Thursday’s gain marked the first for this week, where the All-Share Index appreciated by 149.89 basis points to 37,954.35 basis points from 37,804.46 basis points. Whereas the Market Capitalisation appreciated by 78 billion Naira to close the day at 19,781 trillion Naira from 19,703 trillion Naira.
During the process, investors traded 167million units of shares valued at N1,829 billion in 3,256 deals where 20 stocks recorded gains while 15 stocks declined.
Zenith Bank plc was the most traded stock in both value and volume at 13,895 million units shares and N330,124million, respectively.
Today top gainer was a tie between Mutual benefits and Portpaint, both gaining 10%each. Where Mutual Benefit insurance with an opening selling price of N0.40k per share and a closing selling price of N0.44k per share, gained 0.04k or 10.00 percent.
Next is port Paint which opened at N2.40k per share and closed at N2.64k per share, gaining N0.24k or 10 percent. And LearnAfrica began the day at N1.01k per share and closed at N1.05k per share, gaining 0.04k or 3.96 percent.
On the other side of the divide, JULI led the decliners, falling by N0.13k or 9.56 percent from N1.36k per share to N1.23 per share.
AIICO followed with a fall from 1.08k per share to 1.00k per share by 0.08k or 7.41 percent. While CHAMS PLC fell from 0.21k per share to 0.20k per share by 0.01k or 4.76 percent.
On sectoral performance, The Banking Index appreciated by 2.21 basis points from 359.93 basis points to close at 362.14 basis points, Insurance Index fell from 196.88 basis points to 196.29 basis points by 0.59 basis points and the Industrial Index appreciated from 1,907.24 basis points to 1,924.06 basis points by 16.82 basis points.
Conversely, the Consumer Goods Index grew by 1.13 basis points to 570.82 basis points from 569.69 basis points. And the Oil/Gas Index also grew by 1.04 basis points to 314.87 basis points from 313.83 basis points.
Mercy Chukwudiebere
