The hunger for Nigerian equities firmed up Customs Street by 0.33 per cent on Thursday, extending its stay in the bulls’ territory for another trading session.
During the trading day, Eunisell topped the gainers’ chart after it chalked up 10.00 per cent to sell for N44.00, Ceverton also flew higher by 10.00 per cent to N6.93, Sunu Assurances appreciated by 9.90 per cent to N5.77, Industrial and Medical Gases grew by 9.10 per cent to N35.95, and Mecure gained 8.80 per cent to trade at N28.40.
On the flip side, FTN Cocoa topped the losers’ group after it gave up 6.67 per cent to quote at N5.60, Tantalizers depleted by 3.35 per cent to N2.31, Fidelity Bank lost 2.38 per cent to finish at N20.50, PZ Cussons tumbled by 2.18 per cent to N38.15, and Veritas Kapital declined by 1.90 per cent to N1.90.
The most active equity for the day was Fidelity Bank with a turnover of 42.0 million units sold for N861.5 million, Dangote Cement traded 20.9 million units worth N11.0 billion, Sterling Holdings exchanged 19.8 million units valued at N162.9 million, Jaiz Bank transacted 19.5 million units worth N85.3 million, and Chams traded 17.7 million units for N77.0 million.
Business Post reports that a total of 347.0 million units of shares valued at N27.4 billion were transacted at the Nigerian Exchange (NGX) Limited yesterday compared with the 525.7 million units of shares valued at N13.6 billion completed in 25,597 deals on Wednesday, indicating a decline in the trading volume by 33.99 per cent, a fall in the number of deals by 3.54 per cent, and an increase in the trading value by 101.47 per cent.
When the closing gong was struck to end the market, the All-Share Index (ASI) was up by 485.24 deals to 146,204.33 points from 145,719.09 points and the market capitalisation gained N308 billion to end at N92.799 trillion versus the preceding day’s N92.491 trillion.
All the key sectors of the bourse were in green during the session, as the industrial goods space was up by 0.7 per cent, the insurance counter appreciated by 0.6 per cent, the consumer goods index rose by 0.4 per cent, the banking sector expanded by 0.3 per cent, while the energy industry was flat.