Nigeria’s equities market closed positive on Wednesday amidst buy-interests and sell-off among investors in a bulls-dominated trading session, thereby boosting the broad market’s performance.
At the end of the trading session, the All-share Index (ASI) appreciated by 0.35% to close at 55,801.14 points while the market capitalization grew by N107 billion to close at N30.397 trillion.
Trading data from the Nigerian Exchange Limited (NGX) on the market’s trend, showed the Year-to-Date (YtD) returns settled at 8.15%, thereby advancing the market by 4,205.48 basis points since trading commenced on the bourse on January 4 this year.
The data indicated that the market breadth closed flat as TRANSEXPR led the 18 gainers’ table while MRS topped the 18 losers’ table at the end of the trading session.
Also, the NGX data indicated the volume of stocks traded stood at 152.7 million with a value of N3.57 billion in 3,293 deals.
The market’s trading indices also showed that the five top ASI gainers were TRANSEXPR up + 9.88% to close at N0.89; CUTIX up + 8.50% to close at N2.17; FTNCOCOA up + 7.69% to close at N0.28; SOVRENINS up + 7.14% to close at N0.30; and HONYFLOUR up + 6.39% to close at N2.33
Conversely, the top five ASI losers were led by MRS down – 9.98% to close at N27.95; ABCTRANS down – 7.89% to close at N0.35; CHAMS down – 7.41% to close at N0.25; ARDOVA down – 6.20% to close at N17.40; and ROYALEX down – 5.33% to close at N0.71
In addition, the data indicated that the top 3 traded stocks by volume were COURTVILLE –7,324,308; UBA –12,749,020; and GTCO – 6,261,268 while those that topped the value table comprised DANGCEM – N2,088,236,731; GTCO – N335,933,612; and ZENITHBANK – N162,465,690.
