Nigerian bourse sustains positive trend
The domestic bourse sustains positive trading, as the All-Share Index advanced by 0.3 per cent to 47,286.34 points on Thursday trading.
Today’s performance was supported by investors’ interests in FBNH (+5.4%), GUINNESS (+10.0%) and ZENITHBANK (+1.1%). Consequently, the Month-to-Date and Year-to-Date gains increased to +1.4% and +10.7%, respectively.
The total volume of trades decreased by 33.4 per cent to 198.12 million units, valued at N3.41 billion, and exchanged in 4,294 deals. CHAMS was the most traded stock by volume at 16.74 million units, while SEPLAT was the most traded stock by value at NGN713.65 million.
Performance across sectors was broadly positive as the Oil & Gas (+1.8%), Consumer Goods (+1.0%), Banking (+0.6%), and Insurance (+0.3%) indices advanced. The Industrial Goods index closed flat.
As measured by market breadth, market sentiment was positive (3.2x), as 29 tickers gained relative to 9 losers. GUINNESS (+10.0%) and TOTAL (+9.9%) topped the gainers’ list, while VERITASKAP (-4.4%) and UBN (-3.2%) recorded the most significant losses of the day.
