NGX Equities market remains mixed

Salamatu Ejembi, Lagos.

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The equities market of the Nigerian Exchange Group (NGX) remained mixed as buying interests in ZENITH BANK PLC and STANBIC IBTC HOLDINGS PLC which upped by 1.3% and 0.7% respectively were offset by late sell-offs of NIGERIA BREWERIES PLC which declined by 3.3% and GUARANTY TRUST HOLDING COMPANY PLC which fell by 0.5%. 

Thus, the All-Share Index stood at 37,866.90 basis points, falling by 5.65 basis points or 0.01% compared to Wednesday’s 37,872.55 basis points, while the Market Capitalization closed at N19,729 trillion as against previous closing of N19,732 trillion, losing 3 billion or 0.01%.

The total volume of trades decreased by 18.9% to 160.00 million units, valued at N927.86 million, and exchanged in 3,038 deals. 

SOVEREIGN TRUST INSURANCE PLC was the most traded stock by volume at 14.95 million units, while MTN NIGERIA COMMUNICATIONS PLC was the most traded stock by value at N145.48 million.

As measured by market breadth, market sentiment was positive as 18 stocks advanced relative to 16 losers. 

SOVEREIGN TRUST INSURANCE PLC (+10.0%) and FTN COCOA PROCESSORS PLC (+9.8%) recorded the most significant gains of the day, while IKEJA HOTEL PLC (-9.3%) and UPDC PLC (-9.09) topped the losers’ list.

On sectors, the Oil & Gas (+0.8%), Banking (+0.7%) and Insurance (+0.3%) indices recorded gains while the Consumer Goods (-0.7%) index declined. The Industrial goods index closed flat.

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