NGX resumes week positively with 1.92% gain
Equities trading on the Nigerian Exchange Limited kickstarted the week in a positive territory as the market benchmark index advanced by 1,587.93 points.
At the end of the day’s trading, the All-Share Index advanced by 1.92 percent to close the session at 84,640.89 points, above the 83,042.96 basis points it closed at the previous session.
The market recorded 68 gainers (bulls), which outnumbered the eight loses (8) or bears.
Consequently, the market capitalization of listed equities rose by 1.92 percent to N46.32 trillion as investors pocketed N874.41 billion while the year-to-date gain of the ASI climbed to 13.20 percent.
Specifically, stocks such as CHAMS, PZ, SOVRENINS, TANTALIZER and DAARCOMM enjoyed investors’ patronage as their respective share prices surged by 10.00 percent each, indicating a bullish market mood.
However, a few laggards emerged amongst which included ABBEYBDS, JBERGER, CUSTODIAN, AFRIPRUD and FBNH with each experiencing share price declines of 9.52 percent, 3.54 percent, 3.45 percent, 2.78 percent and 1.79 percent, respectively.
Further analysis of the market activity showed improvement as the total deals, traded volume and value soared by 16.67 percent, 34.44 percent and 21.25 percent to 13,647 deals, 807.51 million units and N11.03 billion, respectively.
Performance by sub-sector index pointed to bullish sentiment as the NGX Banking, NGX Insurance, NGX Consumer Goods, NGX Oil/Gas and NGX Industrial Goods indexes gained by 1.30 percent, 7.23 percent, 1.78 percent, 0.08 percent and 4.40 percent, respectively.
At the conclusion of the trading session, TRANSCORP emerged as the most traded security by volume with 66.89 million units worth N956.01 million, changing hands in 819 trades.
