The domestic equities market snapped a three-day bearish trading streak as investors’ late interests in Flourmills and PZ, on Thursday, pushed the benchmark index northward by 0.1 per cent.
Specifically, the All Share Index of the Nigerian Exchange Limited, having advanced by 0.1 per cent, settled at 38,874.13 basis points.
Accordingly, Month-to-Date and Year-to-Date losses moderated to -0.9 per cent and -3.5 per cent, respectively.
As measured by market breadth, market sentiment was positive as 16 tickers gained, relative to 11 losers. On the board, NAHCO and PharmaDeko stocks topped the list of the gainers as their respective shares appreciated by 10.0 per cent and 9.6 per cent, while Sovereign Insurance and Ecobank Transnational Incorporation stocks led the losers’ list having depreciated in value terms by 4.2 per cent and 2.8 per cent respectively.
On sectors, the Insurance, Oil and Gas and Consumer Goods indices gained with 0.9 per cent, 0.7 per cent and 0.1 per cent respectively, while the Banking index declined by 0.2 per cent. The Industrial Goods index closed flat.
Activities continued to wane at the local bourse as the total volume of trades decreased by 19.2 per cent to 125.80 million units, valued at N1.27 billion, and exchanged in 2,990 deals. Mutual Benefit was the most traded stock by volume at 13.72 million units, while GTCO was the most traded stock by value at N270.93 million.
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