The equities market of the Nigerian Exchange Limited (NGX) resumed trading activities this week bullish, as investors’ interest in FBN HOLDINGS PLC, which upped 1.9%, inspired Monday’s gain.
Precisely, the benchmark/ All-Share Index notched a 0.1% or 21.88 basis points increase, to close at 40,243.05 basis points from 40,221.17 basis points.
Similarly, the Market Capitalization gained 0.1% or N14 billion to close at N20,970 trillion from last week’s N20,956 trillion.
The total volume of trades dipped by 80.7% to 202.36 million units, valued at N1.86 billion, and exchanged in 4,066 deals.
FIDELITY Bank Plc was the most traded stock by volume at 18.95 million units, while GUARANTY TRUST HOLDING COMPANY PLC was the most traded stock by value at N512.41 million.
As measured by market breadth, market sentiment was positive, as 23 stocks gained relative to 15 losers.
AXAMANSARD INSURANCE PLC led the gainers’ table, with an upward movement from N2.33k per share to close the day at N2.56k per share, gaining 0.23k or 9.9%.
PHARMA-DEKO PLC recorded the second highest gain of the day by building on its previous selling price of N2.35k per share, to close at N2.58k per share, upping 0.23k or 9.8%, while UNIVERSITY PRESS PLC took the third top gainer position by gaining 0.12k or 9.76% from N1.23k per share to N1.35k per share.
Conversely, MORISON INDUSTRIES PLC topped the losers’ chart when it slipped from its previous selling price of N2.10k per share to N1.89k per share, losing 0.21k or 10.0%.
Next was NIG. FLOUR MILLS PLC which fell from N8.55k per share to N7.70k per share, losing 0.85k or 9.9%, while VERITAS KAPITAL ASSURANCE PLC declined by 0.02k or 8.70% from 0.23k per share to 0.21k per share.
Analyzing by sectors, the Insurance index gained 1.5%, while Consumer Goods index gained 0.1%, while the Oil & Gas index declined 0.4%, even as the Industrial Goods and Banking indices closed flat.
