Equities trading on the Nigerian Exchange (NGX) ended positively for the third-straight session on Wednesday as bargain buying in FBN HOLDINGS PLC, which gained 7.8%, drove the All-Share Index higher by 0.1%.
Precisely, the All-Share Index advanced marginally by 48.54 basis points or 0.1% to close at 40,765.20 basis points from Tuesday’s 40,716.66 basis points.
The Market Capitalization advanced by N25 billion or 0.1% from N21,217 trillion to N21,242 trillion.
The total volume of trades declined by 7.5% to 400.65 million units, valued at N3.48 billion and exchanged in 5,145 deals.
FBN HOLDINGS PLC was the most traded stock by volume and value at 108.74 million units and N1.07 billion, respectively.
Analyzing by sectors, the Insurance index declined by 1.17 basis points or 0.7%; Consumer Goods index fell by 0.36 basis points or 0.1%, while Oil & Gas index declined by 0.15 basis points or 0.04%.The Banking index gained 0.21 basis points or 0.1%, while Industrial Goods gained gained 1.01 basis points or 0.1%.
As measured by market breadth, market sentiment was equal as 20 stocks gained and 20 declined.
Topping the gainers’ list was FBN HOLDINGS PLC which upped 70k or 7.8% from N9 per share to N9.70k per share and UNIVERSITY PRESS PLC, which gained 0.09 or 7.4% from N1.22k per share to N1.31k per share, recording the most significant gains.
PHARMA-DEKO PLC declined by 0.17k or 6.0% from N2.83k per share to N2.66k per share, while ASSOCIATED BUS COMPANY PLC fell by 0.02k or 5.7% from 0.35k per share to 0.33k per share, topping the losers’ list.
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