The Nigeria equity market closed the last session of the week and kick-started H2’2022 on a positive note as the market indicators rose marginally by 0.02 percent following the investors’ interest in some blue-chip stocks such as ACCESSCORP, ZENITHBANK, WAPCO, and 16 others. The All-Share Index spiked by 12.08 points, representing a 0.02 percent growth, and closed at 51,829.67. While the Market Capitalization gained ₦6.56Bn to increase by 0.02 percent and closed at ₦27.94 trillion.
Thank you for reading this post, don't forget to subscribe!→ Meanwhile, the market activities were mixed, as the Total Volume and Value dipped by 43.06 percent and 55.93 percent, respectively. Approximately 127.03 million units valued at ₦1.71 billion were transacted in 3,718 Deals. GTCO emerged as the most traded stock in terms of volume, accounting for 18.53 percent of the total volume of trades, followed closely by UBA (17.53%), STERLNBANK (5.85%), OANDO (5.79%), and FBNH (4.71%) to complete the top five on the volume chart. Also, GTCO appeared as the most traded stock in value terms, with 28.14 percent of the total value of trades on the exchange.
→ CUTIX topped the advancers’ list with a price appreciation of 9.78 percent, trailed closely by PZ (6.25%), CUSTODIAN (4.29%), UNILEVER (3.38%), WEMABANK (2.19%), ACCESSCORP (1.62%), ZENITHBANK (0.69%), UCAP (0.39%), WAPCO (0.38%), SEPLAT (0.04%) and ten (10) others. On the contrary, sixteen (16) stocks also depreciated, topped by COURTVILLE with a price depreciation of 7.84 percent, to close at ₦0.47, as NAHCO (-5.88%), NGXGROUP (-3.26%), OANDO (-3.17%), DANGSUGAR (-1.84%), UBA (-0.67%), and GTCO (-0.24%) also dipped in price. In that regard, the market breadth closed positive, recording 19 gainers and 16 losers.
→ In the meantime, sectoral performance was bullish, as three of the five sectors closed positively compared to the previous session, led by Insurance (1.23%), Banking (0.36%), and Industrial Goods (0.04%). While Oil & Gas and Consumer Goods dipped by 0.39% and 0.01%, respectively.