By Dipo Olowookere
The Nigerian Exchange (NGX) Limited further appreciated by 1.01 per cent on Thursday amid renewed interest in local stocks, with Dangote Cement, Cadbury Nigeria and others enjoying the patronage of investors.
This sustained growth is making the All-Share Index (ASI) inch closer to 46,000 points as it further grew by 460.38 points yesterday to 45,890.52 points from 45,430.14 points.
As for the market capitalisation, Business Post reports that it went higher by N248 billion to settle at N24.725 trillion in contrast to N24.477 trillion it finished on Wednesday.
The industrial goods counter was the biggest riser on Thursday as it closed 2.72 per cent, with the insurance and banking sectors growing by 0.52 per cent and 0.36 per cent respectively, while the consumer goods and energy indices depreciated by 0.17 per cent and 0.09 per cent apiece.
The market was very busy yesterday, especially with the share buy-back programme of Dangote Cement as well as an off-market trade in CWG.
At the close of business, a total of 873.5 million stocks worth N31.5 billion exchanged hands in 4,342 deals compared with the 252.9 million stocks worth N8.9 billion transacted in 4,218 deals at the midweek session.
This showed that the volume of stocks traded by investors increased by 245.34 per cent, the value of the transactions rose by 253.41 per cent and the number of deals increased by 2.94 per cent.
The breakdown of the trades revealed that CWG exchanged 517.6 million equities valued at N300.2 million, Dangote Cement traded 102.9 million stocks for N28.8 billion, FBN Holdings transacted 54.0 million shares valued at N648.0 million, Transcorp sold 34.1 million equities worth N34.7 million, while Sovereign Trust Insurance traded 21.0 million shares for N4.9 million.
On the price movement chart, Northern Nigerian Flour Mills was on top of the gainers’ table of 27 members with a price appreciation of 9.92 per cent to trade at N7.20.
Learn Africa grew by 9.32 per cent to N1.29, Cadbury appreciated by 7.95 per cent to N9.50, Linkage Assurance rose by 7.55 per cent to 57 kobo, while Jaiz Bank jumped by 6.35 per cent to 67 kobo.The losers’ log closed yesterday’s trading session with nine members led by Dangote Sugar after its share price went down by 2.74 per cent to N17.75.Stanbic IBTC depreciated by 2.70 per cent to N36.00, Ardova lost 2.60 per cent to trade at N13.10, FCMB fell by 1.67 per cent to N2.95, while […]