Investors in the Nigeria stock market wrapped up the bullish week on a positive note on Thursday as market indices inched higher by 0.40 percent following gains in DANGCEM, WAPCO, and 19 others.
Meanwhile, the Nigeria Exchange Limited listed two (2) Future Contracts, namely NGX30 Index and NGXPENSION Index Future Contracts.
Consequently, the All-Share Index rose by 191.14 basis points representing a 0.40 percent growth, closed at 47,558.45.
While the Market Capitalization gained ₦103.05Bn, representing an upsurge of 0.40 percent to close at ₦25.64 trillion.
→ However, the market activities were bearish, as the Total Volume and Value tanked 1.71 percent and 59.58 percent, respectively. Approximately 385.18 million units valued at ₦4.02 billion were transacted in 6,212 Deals.
FIDELTYBK emerged as the most traded stock in terms of volume, accounting for 19.42 percent of the total volume of trades, followed closely by STERLNBANK (11.82%), ACCESSCORP (8.79%), ZENITHBANK (8.07%), and AFRINSURE (6.92%) to complete the top five on the volume chart.
While ZENITHBANK appeared as the most traded stock in value terms, with 19.37 percent of the total value of trades on the exchange.
→ MEYER topped the advancers’ chart with a price appreciation of 7.38 percent, trailed by NB (2.74%), JBERGER (2.62%), DANGCEM (2.38%), LIVESTOCK (1.74%), HONYFLOUR (1.39%), WAPCO (0.43%), GTCO (0.41%) and thirteen (13) others. Conversely, sixteen (16) stocks depreciated, led by DANGSUGAR with a price decline of 5.09 percent to close at ₦15.85, as AFRIPRUD (-4.76%), FLOURMILL (-1.45%), VITAFOAM (-1.32%), ACCESSCORP (-0.97%), WEMABANK (-0.63%), ZENITHBANK (-0.40%) and UCAP (-0.38%) also dipped in price. In that regard, the market breadth was positive, recording 21 gainers and 16 losers.
→ Subsequently, sectoral performance was neutral, as two of the five major sectors closed positively compared to the previous session, namely Insurance (1.32%) and Industrial Goods (1.23%).
While the Banking and Consumer Goods sectors dipped by 0.65% and 0.11%, respectively, leaving the Oil & Gas sector unchanged.