The Nigerian Equities Market halted its three days negative outing to close on a positive note, owing to bargain buying in Dangote Cement and Access Bank shares.
On Thursday, the All Share Index of the Nigerian Exchange Limited (NGX) inched up by 0.17 per cent to bring the bourse at 39,252.19 basis points.
This outing dragged the Month-to-Date and Year-to-Date return to +0.1 per cent and -2.5 per cent, respectively. Consequently, the market capitalization of the local bourse settled at N20.451 trillion as investors gained N35 billion.
Bears maintained their grasp on the market breadth for the trading session as 18 counters in the losers chart were matched with 16 counters in the gainers chart.
On the performance table, CHAMS gained 4.76 per cent to lead the gainer’s chart. It is flanked by Prestige Insurance, Wema Bank, Mansard Insulation and Julius Berger to complete the gainers’ chart. From the rear of the chart Unity Bank, Oando, Union Bank of Nigeria, FTN Cocoa and Honeywell Flour Mills populated the top losers’ chart.
Most sectoral indices closed in tandem with the ASI, save for NGX Consumer Goods and NGX Oil and Gas that lost -0.06 per cent and -1.22 per cent respectively, while NSE ASEM closed flat.
Market activity as measured by both volume and value of trades closed in the same direction at the end of the trading session, as daily traded volume stood at 262 million units, a 54.84 per cent increase from a volume of 169 million units traded in the previous session.
Value of traded stocks also went up in the session by 40.34 per cent to stand at N1.998 billion as against a value of N1.424 billion recorded in the previous trading session.
Access Bank was the most traded stock during the trading session, flanked by Transnational Corporation, Honeywell Flourmills, Mutual Benefits and Sovereign Insurance to complete the list of the five most traded stocks in terms of volume of trades. With regards to the value of traded stocks, Access Bank, Zenith Bank, GTCO, Dangote Cement and MTN Nigeria made up the top five performers. YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE We Have Not Had Water Supply In Months ― Abeokuta Residents
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