Investors Gain ₦81Billion to Close Week With Positive Sentiment

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The Nigeria equity market closed the week on a positive note following the renewed interest in blue-chip stocks such as BUAFOODS, FLOURMILL, BUACEMENT, and 20 others. Resultantly, the All-Share Index rose by 140.03 basis points representing a 0.28 percent appreciation, to close at 50,722.33.

While the Market Capitalization gained ₦81.01Bn, representing a growth of 0.30 percent to close at ₦27.36 trillion as Capital Hotels Plc listed 1.61Bn Ordinary Shares of 50kobo each offered through Private Placement.

→ Similarly, the market activities were bullish, as the Total Volume and Value traded spiked by 14.07 percent and 18.65 percent, respectively. As such, about 148.81 million units valued at ₦1.93 billion were transacted in 4,091 Deals.

HONYFLOUR led as the most traded stock in terms of volume, accounting for 14.89 percent of the total volume of trades, followed closely by GTCO (14.67%), FBNH (7.64%), ZENITHBANK (6.88%), and TRANSCORP (5.90%) to complete the top five on the volume chart.

While GTCO emerged as the most traded stock in value terms, with 23.16 percent of the total value of trades on the exchange.

→ ETERNA topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by BUAFOODS (7.28%), ARDOVA (4.00%), FLOURMILL (3.23%), UACN (1.82%), BUACEMENT (0.94%), GTCO (0.49%), FBNH (0.46%),FCMB (0.32%) and fourteen (14) others. On the other hand, ten (10) stocks depreciated, led by UNILEVER with a price depreciation of 10.00 percent each to close at ₦13.5, as GUINNESS (-8.29%), AIICO (-3.51%), NGXGROUP (-2.37%), WEMABANK (-1.76%), ZENITHBANK (-0.45%), and OANDO (-0.20%) also dipped in price. In that regard, the market breadth closed positive, recording 23 gainers and 10 losers.

→ Consequently, sectoral performance was bullish, as four of the five major sectors closed positively compared to the previous session, led by Consumer Goods (1.52%), Oil & Gas (0.37%), Industrial Goods (0.35%) and Banking (0.06%). While the Insurance sector plunged by 0.04%.