The Nigerian Exchange (NGX) closed positive for the third consecutive trading session on Thursday amidst buy-interests and sell-offs in a trading session controlled by bulls, thereby driving up the broad market.
Data from the Nigerian Exchange Limited on the trading session indicated at the close of the day’s trading, the All-Share Index (ASI) appreciated by 0.35% to close at 51,355.74 points while the market capitalization grew by N93 billion to close at N27.870 trillion from the N27.870 trillion it recorded the preceding day
Also, the data showed that market’s Year-to-Date (YtD) returns settled at 0.20%.
However, the NGX data reflected that the volume of traded stocks decreased by 52.79% to close with 600.778 million shares traded, while the total value of stock traded increased by 27.06% to peak at N5.054 billion transacted in 4,309 deals.
The report from NGX indicated that TRANSCORP, ACCESSCORP, UBA, FIDELITYBK and ZENITHBANK were the most active stocks by volume
A further analysis of the trading indices showed that the Financial Services sector led the activity chart with 289.168 million shares exchanged for N3.017 billion. The Conglomerates sector came second with 243.734 million shares traded for N0.603 billion, while the Oil & Gas, Consumer Goods, Services sectors followed in the activity chart.
The NGX data indicated that the five top ASI gainers comprised ACCESSCORP, TRANSCOHOT, TRANSCORP, FIDELITYBK and FCMB while CHAMPION, JAIZBANK, CUTIX, CAVERTON and ETERNA topped the losers chart.
