BUA, Dangote, Zenith Boost NGX Index, Investors Gain N2.1trn
BUA Foods, Dangote Cement and Zenith Bank were among the gainers that boosted the Nigerian Exchange (NGX), with investors recording about N2.1 trillion in gains.
The positive turnout was driven by price gains in BUAFOODS (+7.93%), DANGCEM (+2.35%) and ZENITHBANK (+3.47%), which offset declines in MTNN (-0.13%) and FIDELITYBK (-1.35%).
The market index or All-Share Index added 3,251.48 basis points in today’s trading session, reflecting a 1.48% increase to close at 222,837.68. Likewise, market capitalisation gained ₦2,093.05 billion to close at ₦143.48 trillion.
However, the Total Volume of trades declined by -2.30% while the Total Value traded, on the other hand, increased by +5.41%.
Stockbrokers reported that approximately 667.94 million units valued at ₦38,123.97 million were transacted across 53,062 deals.
ACCESSCORP topped volume, accounting for 5.93% of all units executed in the local bourse, followed by UBA (5.64%), ZENITHBANK (5.46%), FIDELITYBK (4.82%), and GTCO with 4.15%.
MTNN topped the value chart, accounting for 14.00% of the total value of trade, thereby making it the highest traded on the exchange.
UNILEVER and UACN led gainers chart, up by +10.00% each, trailed by TRANSEXPR (+9.97%), TANTALIZER (+9.80%), DANGSUGAR (+9.78%), UNIONDICON (+9.77%), NASCON (+9.76%), and twenty-four others.
A total of thirty-three stocks depreciated. With a price depreciation of -9.93%, MCNICHOLS topped the worst performers’ chart, followed by MULTIVERSE (-9.85%), WAPIC (-9.26%), ABBEYBDS (-9.24%), JAPAULGOLD (-5.94%), and SOVRENINS (-5.80%).
Hence, the market breadth closed on a negative note, with 31 gainers and 33 losers. Sectoral performance was mixed in today’s session, with three of six indices closing positive. The Consumer Goods (+4.67%) index led the gainers, propelled by positive sentiments in BUAFOODS (+7.93%).
The Banking (+1.53%) and Industrial Goods (+1.03%) indices also closed higher, buoyed by interest in ZENITHBANK (+3.47%) and DANGCEM (+2.35%), respectively.
Conversely, the Oil & Gas (-0.06%) and Insurance (-0.91%) indices regressed, dragged by selloffs in OANDO (-1.10%) and WAPIC (-9.26%), respectively. The Commodity Index closed flat in this session. CBN Keeps Interest Rates on Nigeria Treasury Bills Unchange
