The Nigerian Exchange (NGX) Limited showed no sign of exiting the bulls’ territory anytime soon as it further appreciated by 0.48 per cent on Thursday.
The growth witnessed at Customs Street yesterday was driven by renewed investor interest in stocks across the major sectors and categories of the market.
According to data from the bourse, 46 equities finished on the gainers’ chart during the session and 33 equities ended on the losers’ table, indicating a positive market breadth index and strong investor sentiment.
Sovereign Trust Insurance, Academy Press, and FTN Cocoa appreciated by 10.00 per cent each to respectively quote at N1.43, N8.47, and N6.60, as RT Briscoe and The Initiates grew by 9.97 per cent each to settle at N3.75, and N14.67 apiece.
However, ABC Transport declined by 10.00 per cent to N4.59, Union Dicon also depleted by 10.00 per cent to N9.00, John Holt weakened by 10.00 per cent to N8.10, Industrial and Medical Gases plunged by 9.89 per cent to N38.25, and Secure Electronic Technology slipped by 9.71 per cent to 93 Kobo.
Business Post reports that the insurance counter gained 2.72 per cent during the trading day, the energy industry improved by 1.32 per cent, the commodity sector jumped by 1.17 per cent, the banking index expanded by 1.05 per cent, the consumer goods space soared by 0.30 per cent, and industrial goods sector advanced by 0.25 per cent.
Consequently, the All-Share Index (ASI) surged by 642.56 points to 133,199.99 points from 132,557.43 points and the market capitalisation grew by N407 billion to N84.263 trillion from N83.856 trillion.
Yesterday, investors transacted 818.4 million stocks for N22.7 billion in 22,955 deals, in contrast to the 681.2 million stocks valued at N17.0 billion traded in 26,931 deals on Wednesday, implying a decline in the number of deals by 14.76 per cent, and a rise in the trading volume and value by 20.14 per cent and 33.53 per cent, respectively.
The most traded equity for the day was Japaul, which sold 83.8 million units for N231.8 million, UBA traded 73.1 million units valued at N3.4 billion, Access Holdings exchanged 65.0 million units worth N1.9 billion, Consolidated Hallmark transacted 55.7 million units for N169.1 million, and Nigerian Breweries exchanged 41.1 million units valued at N3.0 billion.