Equity Trading Closed for The Week With A N30.38 billion Gain

Equity trading in the domestic bourse closed bullishly for the week as investors pumped in more money following FCMB (+0.55%) and TRANSCORP's (+0.01%) growth in share value.

Thus, the all-share index grew by +0.12% to close at 47,328.42 basis points which represented a 56.38 bps growth from the previous session position of 47,272.04 basis points.  

Taking a look at the broader picture, the ASI narrowed the gap by 1.38 bps from its 52-week all-time high of 47,329.80 bps.

The Week-to-Date (W-t-D), Month-to-Date (M-t-D), and Year-to-Date (Y-t-D) indicators grew by +0.32%, +1.45%, and +10.72%, respectively.

Unfortunately, the volume of trade fell by 25.65% to close at 253.30 million units traded in 4,266 transactions, compared to the previous session's figure of 340.67 million units traded. The value of shares also fell by 28.75% to close at NGN2.75 billion, compared to the previous session's figure of NGN3.86 billion traded.

However, the equity market gained NGN30.38 billion as its cap closed at NGN25,507.44 trillion as against its previous session position of NGN25,477.06 trillion.

FCMB was the most dominant stock by volume and value trade as it traded precisely 50.12 million units of shares valued at NGN1.53 billion. This performance was closely followed by TRANSCORP with a share volume of 36.97 million units worth NGN455.83 million.

As measured by market breadth, the mood in the market was positive as 22 stocks gained, while 15 stocks lost.

The most gains were made by ETRANZACT (+9.92%), which closed trading at NGN2.66/unit, ROYALEX (+9.65%), which closed trading at NGN1.25/unit, RTBRISCOE (+9.30%), which closed trading at NGN0.94/unit, and CORNERS(+7.69%), which closed trading at NGN0.70/unit, while CUTIX (-8.47%), which closed trading at NGN2.70/unit, NEM (-5.00%), which closed trading at NGN3.80/unit, VERITASKAP (-4.35%), which closed trading at NGN0.22/unit, and WAPIC (-4.00%), which closed trading at NGN0.48/unit, registered the most losses.