Trading closed on a positive note as investors’ gains in GTCO (+2.40%) and DANGSUGAR (+2.82%) revised the previous day's loss of NGN49.1 billion. Thus, the all-share index registered a +0.09% gain from its previous day position of 42,317.52 basis points to close at 42,357.36 basis points.
Unfortunately, only the Month-to-Date (M-t-D) declined to -2.1%, while the Week-to-Date (W-t-D) and Year-to-Date (Y-t-D) moderated their gains to +1.13% and +5.18%, respectively.
Furthermore, the all-share index marginal gains drifted narrowly by 1,317.19 basis points behind the 52-week high of 43,730.55 basis points(resistance point) and progressed away from by 8,106.32 basis points from the 52-week low of 34,250.74 basis points(support point).
As a result of this bullish close, the equity market gained NGN18.1 billion to close at NGN22,099.7 trillion, as against its previous day position of NGN22,081.07 trillion.
Despite the gains made to the market by stocks of MTNN, DANGSUGAR, and GTCO, the total volume of trades still fell by 16.2% from its previous day position of 270.1 million units traded to close at 226.2 million, valued at NGN2.63 billion, and exchanged in 3,476 deals.
Taking a critical examination of equity market performance, INTBREW was the most traded stock by volume at 51.79 million units, while GTCO was the most traded stock by value at NGN457.22 million.
Following both INTBREW and GTCO, MTNN, with NGN404.98 million, took up exactly 15.34% of the value of stocks traded. Closely followed by FBNH, with NGN392.191 million occupying 3rd place, taking up exactly 14.9% of the stock traded.
On the volume chart, FBNH and GTCO also gathered 32.5 million and 18 million units of stock traded.
Analyzing by sectors’ performance, the oil and gas (-0.1%), banking (-0.2%), and industrial goods (-0.1%) indices declined, while the insurance (+0.1%) and consumer (+0.2%) indices registered gains.
As measured by market breadth, market sentiment was positive, as 17 companies’ stocks gained relative to 13 companies’ stocks that lost.
The gainers’ chart was dominated by REDSTAREX (+7.9%), MEYER (+7.7%), AFRIPRUD (+4.10%), FCMB (+3.45%), and VITAFOAM (+2.86%).
The losers’ chart was dominated by ETRANZACT (-9.6%), ROYALEX (-4.8%), CUTIX (-4.21%), INTBREW (-4.08%) and UNITYBNK (-2.13%).
|TRANSCORP HOTELS PLC||5.36||5.89||9.89|
|BETA GLASS PLC||57.00||62.55||9.74|
|VERITAS KAPITAL ASSURANCE PLC||0.21||0.23||9.52|
|MULTIVERSE MINING AND EXPLORATION PLC||0.22||0.24||9.09|