The domestic equities market on Thursday resumed its upward trend by N314 billion after the prior’s bearish performance, driven by renewed investors’ interest in Julius Berger Plc and 47 others.
Thus, the NGX All-Share Index advanced by 572.70 basis points or 0.70 percent to close at 82,597.08 basis points. Also, market capitalisation rose by N314 billion to close at N 45.199 trillion.
As measured by market breadth, market sentiment was positive, as 48 stocks gained relative to 22 losses. Guinea Insurance and Royal Exchange emerged as the highest price gainer of 9.66 per cent to close at N1.59, per share. SCOA Nigeria followed with a gain of 10 percent each to close at 44 kobo and 99 kobo respectively, while Julius Berger advanced by 9.92 percent to close at N56.50, per share.
Cadbury Nigeria rose by 9.77 percent to close at N21.90, while The Initiates Plc (TIP) appreciated by 9.74 percent to close at N1.69, per share. On the other side, Abbey Mortgage Bank and Ikeja Hotel led others on the losers’ chart with 9.90 percent each to close at N2.73 and N7.83 respectively, while Caverton Offshore Support Group followed with a decline of 9.66 percent to close at N1.87 30 kobo, per share.
DAAR Communications lost 9.38 percent to close at 87 kobo, while NPF Microfinance Bank depreciated by 7.91 percent to close at N1.98, per share.
The total volume traded declined by 46.6 percent to 877.28 million units, valued at N14.41 billion, and exchanged in 14,919 deals. Transactions in the shares of Transnational Corporation (Transcorp) led the activity with 74.535 million shares worth N935.421 million. Sterling Financial Holdings Company followed with an account of 54.324 million shares valued at N341.577 million, while Access Holdings traded 54.115 million shares valued at N1.505 billion.
AIICO Insurance traded 53.904 million shares worth N71.981 million, while UBA traded 52.274 million shares worth N1.574 billion.
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