At the Nigerian Exchange Limited (NGX) on Thursday, equities trading was wrapped up on a bullish note, as the All-Share Index (ASI) gained 0.25 percent, closing at 99,189.95 basis points.
The bulls continued to dominate the Nigerian stock market as gains in Access Holdings and First Bank of Nigeria Holdings spurred a 0.25 percent increase in the benchmark index, having appreciated in share value by 10.0 percent and 3.2 percent, respectively.
Thus, the Month-to-Date and Year-to-Date returns settled at +0.6 percent and +32.7 percent, respectively.
This uptick increased market capitalization by 0.25 percent, reaching N60.1 trillion and adding N148.8 billion to investors’ portfolios.
As measured by market breadth, market sentiment was positive, as 27 tickers gained relative to 17 losers.
On the performance board, among the top gainers were Access Holdings, Academy Press, UACN Property Developent Company, Cornerstone Issuance and Veritas Capital.
Conversely, notable losers included Royal Exchange, International Breweries, Livestock, Wapic Insurance and Champion Breweries.
Sectoral performance was broadly positive, with the banking, insurance, oil/gas, and industrial goods sectors rising by 2.61 percent, 0.68 percent, 0.04 percent, and 0.03 percent, respectively.
However, the consumer goods sector fell by 0.77 percent.
Trading activity surged, with deals, volume, and value increasing by 15.63 percent, 41.30 percent, and 89.56 percent, respectively.
A total of 400.91 million shares changed hands in 9,211 deals, amounting to N15.72 billion.
United Bank for Africa led the volume with 58.4 million units worth N1.69 billion across 878 deals.
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