Gains in BUACEMENT, FLOURMILL, and 12 Others, Lifts Local Bourse by 0.11%

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Equity market closed transaction for the first trading day in September, 2022 positive, as the market performance indicators (NGX-ASI and Market Capitalization) increased by 0.11%.

Consequently, the market index (All-Share Index) rose by 53.37 basis points, representing an increase of 0.11% to close at 49,889.88.

The Market Capitalization gained ₦28.79 bn, also representing a rise of 0.11% to close at ₦26.91 trillion from ₦26.88 trillion the previous day.

However, market activities were negative as the Total Volume and Value traded for the day were down by 37.63% and 45.95% accordingly.

Approximately 229.12 million units valued at ₦1.75 billion were transacted in 3,575 deals.

STERLNBANK was the most traded stock in terms of volume, accounting for 47.47% percent of the total volume of trades, followed by GTCO (14.96%), FIDELITYBK (6.79%), MBENEFIT (4.01%), and ZENITHBANK (3.25%) to complete the top five on the volume chart.

Also, GTCO emerged as the most traded stock in value terms, with 38.89% percent of the total value of trades on the exchange.

PHARMDEKO topped the advancers’ chart with a price appreciation of 7.43 percent, trailed by CHIPLC (5.00%), UPDC (5.00%), FCMB (4.92%), FIDELITYBK (4.39%), SOVRENINS (3.85%), CHAMS (3.70%) and Seven (7) others.

On the Contrary, twelve (12) stocks depreciated, topped by MBENEFIT with a price depreciation of 9.38% to close at ₦0.29, as TRANSCORP (-7.08%), LASACO (-6.70%), STERLNBANK (-4.52%), FBNH (-3.59%), FTNCOCOA (-3.33%), ZENITHBANK (-2.97%) and NGXGROUP (-1.57%) also dipped in price.

In that regard, the market breadth closed positive, recording 14 gainers and 12 losers.

In addition, the sector performance was positive as three out of the five major market sectors closed in the green, led by the Industrial (+0.99%), trailed by the Oil & Gas (+0.32%), and the Consumer goods (+0.09%) sectors, while the Insurance sector (-0.54%) and the Banking sector (-0.43%) closed negative.