Trading at the Nigerian Exchange (NGX) on Thursday reflected that the bulls dominated the trading session amidst buy-interests and sell-offs, thereby boosting the broad market’s performance.
As a result of the bulls takeover of the bourse from the bears which held sway during the previous day’s session, the All-share Index (ASI) slumped by 0.29% to close at 55,670.24 points while the market capitalization grew by N88 billion to close at N30.326 trillion.
The market’s indices showed that the decline in the ASI dipped the market’s Year-to-Date (YtD) returns down by 7.89%, thereby pushing the market’s advance to 4,074.58 basis points since the commencement of trading session on January 4 this year.
The trading data indicated that the market breadth closed positive as SUNUASSUR led the 17 gainers’ table, just as SOVRENINS topped the 25 losers’ table at the end of the trading session.
According to data from the Nigerian Exchange Limited (NGX), the volume of stocks traded on Thursday stood at 206.1 million with a value of N30.3 billion in 4,385 deals.
At the end of the day’s trading session, the five top ASI gainers were SUNUASSUR up + 10.00% to close at N0.44; DANGSUGAR up + 9.94% to close at N19.35; MCNICHOLS up + 9.72% to close at N0.79; GEREGU up + 9.02% to close at N325.00; and NASCON up + 8.93% to close at N12.20
On the flip side of the data, the top five ASI losers were SOVRENINS down – 10.00% to close at N0.27; ACADEMY down – 9.38% to close at N1.16; TRANSCORP down – 7.97% to close at N1.27; CHAMS down – 7.14% to close at N0.26; and NGXGROUP down – 6.55% to close at N27.10
The indices further reflected that the top 3 traded stocks by volume were TRANSCORP –29,746,484; ACCESSCORP –18,645,135; and UACN –14,021,246 while those that topped the value table comprised AIRTELAFRI – N959,114,174; GTCO – N348,627,773; and ZENITHBANK – N244,604,831
