The equities market of the Nigerian Exchange Limited (NGX) extended its bullish streak as investors’ average return rose by N1.82 trillion in market capitalisation.
As the NGX All-Share Index (ASI) gained 3,330.21 basis points or 3.93 percent to close at 87,971.10 basis points, overall market capitalisation rose by N1.822 trillion to close at N48.139 trillion.
Subsequently, the NGX ASI Year-to-Date return increased to +17.7 per cent.
From a sectoral perspective, the NGX Industrial Goods Index (+9.7 percent), NGX Insurance Index (+5.8 percent), NGX Banking Index (+4.4 per percent), NGX Consumer Goods Index (+3.0 percent) and NGX Oil & Gas Index (+0.1 per cent) recorded significant gains.
As measured by market breadth, market sentiment was positive, as 77 stocks gained relative to 10 losers. Berger Paints, Dangote Sugar Refinery, Flour Mills of Nigeria, FTN Cocoa processors, Honeywell Flour Mills, Lafarge Africa, NASCON, Nigerian Breweries, Transnational Corporations (Transcorp), Universal Insurance, and Sterling Financial Holdings Company emerged as the highest price gainer of 10 percent each to close at N15.40, N81.40, N45.10, N2.20, N4.40, N47.30, N71.50, N41.25, N15.95, 44 kobo, and N7.59 respectively, per share.
Unity Bank, Wema Bank, and BUA Cement followed with a gain of 9.96 percent each to close at N2.98, N10.60, and N112.65 respectively; while Jaiz Bank and Consolidated Hallmark Holdings advanced by 9.94 percent each to close at N3.65 and N1.77 respectively, per share.
On the other side, Royal Exchange led others on the losers’ chart with 8.16 percent to close at 90 kobo, per share. Multiverse Mining & Exploration followed with a decline of 6.59 per cent to close at N17.00, while Ellah Lakes shed 4.79 percent to close at N3.38, per share.
Oando lost 3.60 percent to close at N12.05, while UACN depreciated by 3.13 percent to close at N15.50, per share.
The total volume traded advanced by 34.8 percent to 1.09 billion units, valued at N16.05 billion, and exchanged in 14,835 deals. Transactions in the shares of jaoz Bank led the activity with 150.639 million shares worth N508.443 million. AIICO Insurance followed with account of 99.057 million shares valued at N129.127 million, while FCMB Group traded 67.597 million shares valued at N814.174 million.
Sterling Financial Holdings Company traded 55.838 million shares worth N417.078 million, while Transcorp traded 48.921 million shares worth N774.642 million.
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