Recovering from the previous session’s loss, the benchmark index at the Nigerian Exchange Limited (NGX) closed positively at 66,570.19 points on Thursday, indicating a 0.13 per cent gain.
Bullish sentiments resurfaced in the domestic stock market as investors’ interest in Dangote Sugar triggered a 0.1 per cent increase with the bellwether’s stock appreciating in price by 1.8 per cent.
Also, gains in Access Holdings, Lafarge Africa and United Bank for Africa contributed to the bullish outing having appreciated in share value by 0.31 per cent, 0.51 per cent and 0.30 per cent, respectively.
Consequently, the Month-to-Date and Year-to-Date gains advanced to +0.3 per cent and +29.9 per cent per cent, respectively.
Equities investors at the NGX therefore earned N140.77 billion as the market capitalization settled higher at N36.53 trillion.
As measured by market breadth, market sentiment was positive as 24 tickers gained relative to 19 losers. Wema Bank and ThomasWay topped the gainers’ list after their respective share prices appreciated by 9.9 per cent and 9.7 per cent, while Champion Breweries and Chellaram recorded the most significant losses of the day having dipped in share value by 9.9 per cent and 9.8 per cent, respectively.
Sectoral performance was generally bullish, with gains in the Banking, Consumer Goods, and Industrial Goods sectors, posting increases of 0.44 per cent, 0.30 per cent and 0.03 per cent, respectively.
However, the Insurance sector declined by 0.06 per cent, and the Oil & Gas index remained unchanged.
Meanwhile, activities at the local bourse on Thursday were impressive as an analysis of market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 2.95 per cent.
A total of 1.01 billion shares valued at N4.73 billion were exchanged in 6,959 deals.
Neimeth Pharmaceutical led the volume and value charts with 657.09 million units traded in deals worth N985.65 million.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Nigeria@63: 10 takeaways from Tinubu’s nationwide broadcast
President Bola Tinubu in his nationwide broadcast on Sunday, said his administration is doing all that it can to…
Why lift of visa bans should not excite Nigerians —Akporiaye
The leadership of National Association of Nigeria Travel Agents (NANTA), headed by Mrs Susan Akporiaye, has queried the excitement displayed by…
I have no regrets over any of my songs, actions —Obesere
Paramount King of Fuji Music, Alhaji Abass Akande Obesere, the Agbaakin Abobagunwa of Yorubaland, in…
#BBNaijaAllStars: Pere is irresistible, I’m trying my best, Mercy soliloquises
BBNaija All Stars finalist, Mercy Eke has declared that fellow housemate, Pere Egbi, is…
DIY: Five things baking soda can do
Baking soda, or sodium bicarbonate, can be found in most kitchens and has many surprising uses…
Team Edo emerges 3rd position as Delta wins 7th National Youth Games
Delta State has won the 7th Edition of the National Youth Games, tagged ‘Asaba 2023,’ as…
and then