Nigerian equities market closed on a bullish note as investors revved up their drive for blue-chip stocks with the attendant positive impact on the market’s breadth..
The All-Share Index (ASI), the benchmark index, traded 0.16% higher to close at 66,548.99 index points as against 66,439.53 index points recorded in the previous day’s trading session.
Similarly, the market capitalization of equities also grossed N61 billion to close at N36.423 trillion, 0.16% higher than the N36.362 trillion recorded in the previous trading session.
The market indices reflected that at the end of Thursday’s trading, the total volume of stocks traded stood at 620.98 million with a value of N7.18 billion recorded in 7,972 deals
According to the data from NGX on the performance of the stocks, the local bourse breadth closed positive as NGXGROUP (10.00%) led gainers, MULTIVERSE (-10.00%) led losers while STERLING was the most traded equity by volume at the end of today’s session.
The top three ASI gainers and top three losers were NGXGROUP, SEPLAT, and TRANSEXPR led the top gainer’s chart as they all gained +10.00%, +9.95%, and +9.38% respectively; MULTIVERSE, NASCON, and HONYFLOUR led the top losers’ chart as they lost –10.00%, -9.81%, and –8.11% respectively.
A further analysis of the data reflected that there was lower trading activity in terms of volume as 620.98 million units of shares were traded today compared to the 637.19 million traded from the previous day’s session.
Also, STERLING led the chart in terms of volume as 160.99 million units were traded. TRANSCORP (135.69 million) and FIDELITY BANK (57.62 million) rounded up the top 3 traded stocks for today.
However, in terms of value traded, DANGOTE SUGAR (N1.60 billion) led the chart followed by TRANSCORP (N847.54 million) and STERLING (N531.39 million) to round up the top three stocks.
