On Thursday, equities trading at the Nigerian Exchange Limited (NGX) recoup the previous day’s loss as the benchmark index rose by 0.16 per cent to close at 66,548.99 basis points.
Trading activities in the local bourse were negative for most of the day.
However, late interest in Seplat Energies ensured the market closed higher, being the toast of investors it’s share price appreciated by 10.0 per cent.
Accordingly, the Month-to-Date and Year-to-Date returns advanced to +3.4 per cent and +29.9 per cent, respectively.
Having appreciated also by 0.16 per cent, the market capitalization at the NGX settled at N36.42 trillion as equities investors gained N59.91 billion, on Thursday.
As measured by market breadth, market sentiment was positive, as 31 tickers gained relative to 19 losers.
Nigerian Exchange Group and Seplat Energies topped the gainers’ list having appreciated in share value by 10.0 per cent, respectively, while Multiverse and Nascon recorded the highest losses of the day after their respective share prices dipped by 10.0 per cent and 9.8 per cent, respectively.
However, performance across sub-indices was largely negative except for the NGX Banking and the NGX Oil/Gas indexes, which rose by 0.33 per cent and 5.42 per cent, respectively. The NGX
Insurance, NGX Consumer Goods, and NGX Oil/Gas indices fell by 0.38 per cent, 1.14 per cent, and 0.01 per cent, respectively.
However, activities at the local bourse was tepid as analysis of market activities indicated that trade turnover settled lower relative to the previous session, with the value of transactions down by 7.83 per cent. A total of 620.98 million shares valued at N7.18 billion were exchanged in 7,972 deals.
Sterling Financial Holdings led the volume chart with 160.99 million units traded while Transnational Corporation led the value chart in deals worth N847.54 million.
. TheWitness
