Gains in the Industrial Sector Lifted Domestic Market Marginally by 0.003%

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Transaction on the custom street closed slightly positive today, as the market performance indicators (NGX-ASI and Market Capitalization) increased marginally by 0.003%.

Consequently, the market index (All-Share Index) increased by 1.57 basis points, representing a slight increase of 0.003% to close at 49,627.72.

The Market Capitalization gained ₦90 million, also representing an increment of 0.003% to close at ₦26.768 trillion from ₦26.767 trillion the previous day.

Market activities were up as the Total Volume and Total Value traded for the day grew by 85.06 percent and 26.20 percent respectively.

Approximately 160.24 million units valued at ₦1.49 billion were transacted in 3,847 deals.

ZENITHBANK was the most traded stock in terms of volume, accounting for 18.14% of the total volume of trades, followed by COURTVILLE (16.38%), TRANSCORP (11.03%), CHAMS (6.32%), and GTCO (4.80%) to complete the top 5 on the volume chart.

Also, ZENITHBANK emerged as the most traded stock in value terms, with 36.57% percent of the total value of trades on the exchange.

MULTIVERSE topped the advancers’ chart with a price appreciation of 9.69 percent, trailed by NPFMCRFBK (7.84%), PHARMDEKO (5.13%), CUTIX (5.12%), FIDELITYBK (3.02%), HONYFLOUR (2.64%), and seven (7) others.

Sixteen (16) stocks depreciated, topped by REDSTAREX with a price depreciation of 10.00% to close at ₦2.43, as LIVESTOCK (-4.31%), LASACO (-3.12%), FCMB (-3.03%), ACADEMY (-2.27%), NEM (-1.35%) and DANGSUGAR (-0.60%) also dipped in price. In that regard, the market breadth closed negative, recording 13 gainers and 16 losers.

However, the sector performance was negative, as three out of the five major market sectors closed bearish, led by the Insurance sector (-0.57%), trailed by the Banking sector (-0.09%), and the Consumer goods sector (-0.09%), while the Industrial sector (+0.14%) closed positive and the Oil & Gas sector was unchanged.