Trading in the domestic bourse closed bullishly following SEPLAT (+7.49%) and GTCO (+1.51%) growth in share value.
Thus, the all-share index fell by +0.14% to close at 47,272.04 basis points which represented a 64.77bps growth from the previous session position of 47,207.27 basis points.
Taking a look at the broader picture, the ASI narrowed the gap by 82.76 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 +0.28%, +1.39%, and +10.66%, respectively.
Fortunately, the volume of trade grew by 47.70% to close at 340.67 million units traded in 5,383 transactions, compared to the previous session's figure of 230.65 million units traded. The value of shares also grew by 10.44% to close at NGN3.86 billion, compared to the previous session's figure of NGN3.49 billion traded.
The equity market gained NGN34.91 billion as its cap closed at NGN25,477.06 trillion as against its previous session position of NGN25,442.15 trillion.
CUSTODIAN with a volume trade of 39.17 million units of shares traded, was the most dominant stock by volume, while MTNN was the most dominant stock by value, having generated over NGN588.81 billion from 2.9 million units traded.
SEPLAT, with shares valued at NGN336.6 million, and STERLNGBANK, with 33.4 million units traded, were also notable.
When broken down by sector, the consumer goods (-0.6%) index, banking (-0.3%) index declined, while the insurance (+1.0%) index and the oil & gas (+3.9%) gained. However, the industrial goods closed flat.
As measured by market breadth, the mood in the market was positive as 25 stocks gained, while 17 stocks lost.
The most gains were made by ETRANZACT (+10.00%), which closed trading at NGN2.42/unit, LEARNAFRCA (+9.92%), which closed trading at NGN2.66/unit, SCOA (+9.69%), which closed trading at NGN8.83/unit, and ROYALEX (+9.62%), which closed trading at NGN1.14/unit, while MULTIVERSE (-11.54%), which closed trading at NGN0.23/unit, JAPAULGOLD (-5.00%), which closed trading at NGN0.38/unit, INTBREW (-4.55%), which closed trading at NGN5.25/unit, and CHAMS (-4.35%), which closed trading at NGN0.22/unit, registered the most losses.
|STANBIC IBTC HOLDINGS PLC||40.00||44.00||10.00|
|MRS OIL NIGERIA PLC||44.85||49.30||9.92|
|FBN HOLDINGS PLC||13.00||14.25||9.62|
|P Z CUSSONS NIGERIA PLC||17.00||18.50||8.82|