Investors interest in BUA Cement makes market bullish by 0.1 per cent

The domestic bourse reversed the previous day’s loss following investors’ buying interest in bellwether stock.

BUA Cement stocks gained 3.5 per cent at the end of trading activities on Tuesday, thus pushing the benchmark index into the green zone.

Precisely, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) inched higher by 0.1 per cent to 42,013.39 basis points.

Thus, Month-to-Date loss printed -0.1 per cent, while the Year-to-Date gain increased to +4.3 per cent.

The overall sentiments were, however, not reflected on the performance as measured by market breadth, market sentiment was negative, with 30 tickers losing relative to 10 gainers.

On the performance chart, UACN and FYN Cocoa topped the losers’ list having depreciated in shares value by 9.7 per cent and 8.7 per cent respectively, while International Breweries and Lasaco Insurance recorded the most significant gains of the day after their respective shares added 9.6 per cent and 8.3 per cent.

On sectors, the Banking and Insurance indices declined by 1.5 per cent respectively, while the Industrial Goods, Oil & Gas and Consumer Goods indices recorded gains by 1.1 per cent, 0.7 per cent and 0.6 per cent respectively.

Activities at the local bourse were unimpressive as the total volume traded declined by 15.6 per cent to 318.97 million units, valued at N3.28 billion, and exchanged in 5,492 deals.

United Bank for Africa was the most traded stock by volume at 52.58 million units, while Zenith Bank was the most traded by value at N747.64 million.


Viral Voice Note On WhatsApp Billing False

Claim: A viral WhatsApp voice note, purportedly made by the director and CEO of WhatsApp, claims users will have to start paying for WhatsApp services.

Verdict: The viral WhatsApp voice note claim is a hoax. The content is not new and has been circulated as a broadcast message several times in the past.Investors interest in BUA Cement makes market bullish by 0.1 per cent

Investors interest in BUA Cement makes market bullish by 0.1 per cent

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