The Nigerian Exchange closed positive on Thursday amidst buy-interests and sell-offs by investors as bulls dominated proceedings, driving up the broad market’s index.
Available data from the market’s supervisory institution, the Nigerian Exchange Limited (NGX), showed that at the end of the trading session, the All-share Index (ASI) appreciated by 0.60% to close at 54,646.38 points.
Similarly, the data indicated that the market capitalization grew by N180 billion to close at N29.768 trillion even as the Year-to-Date (YtD) returns stood at 5.91%. So far, the market has advanced by 3,050.72 basis points since the commencement of trading on January 4 the year.
A further analysis of the bourse’s performance reflected that the market breadth closed positive with MRS topping the 28 gainers’ table while the 10 losers’ chart was topped by TIP at the end of day’s trading session.
At the close of trading, the total volume of stocks traded was N142.0 million valued at N1.84 billion in 2,651 deals.
At the end of Thursday’s trading session, the top five ASI gainers were MRS up + 9.88 to close at N27.80; MCNICHOLS up + 9.09 % to close at N0.60; BUAFOODS up + 8.87% to close at N81.00; CORNEST up + 8.33% to close at N0.065; and TRANSCOHOT up + 7.44% to close at N6.50
The market indices further reflected that the top five ASI losers comprised TIP down – 9.09% to close at N0.40; NEIMETH down – 6.45% to close at N1.45; CHIPLC down – 6.15% to close at N0.61; VERITASKAP down – 4.76% to close at N0.20; and AIICO down – 1.67% to close at N0.59
The market indices also reflected that the top three traded stocks by volume were UBA –32,420,346; COURTVILLE –15,975,803 and ZENITH –11,525,976.
Also the top three traded stocks based on value were, ZENITH – N292,131,427; UBA – N272,173,839; and GTCO – N217,946,002.
