Bulls maintain hold on NGX advances by 0.22%

Trading at the floor of the Nigerian Exchange Limited extended gain on Wednesday as the All-Share Index further rose by 0.22 per cent to close at 38,501.31 points amid sustained positive investors’ sentiment.

Investors, at the close of trading, gained N43.41bn, even as the market capitalisation rose to close at N20.07tn.

The year-to-date loss of the ASI, however, moderated to 4.39 per cent, while the domestic bourse recorded 22 gainers and 13 losers.

As investors hunt for bargain, the share prices of mid and large capitalised stocks such as Guaranty Trust Holding, Dangote Sugar Refinery, Lafarge Africa, Access Bank and Oando increased by 1.88 per cent, 1.98 per cent, 1.64 per cent, 2.72 per cent and 2.58 per cent respectively.

Sectoral performance was positive as all the indices tracked closed in the green zone. The insurance index led the pack by 0.61 per cent, followed by the banking, which advanced by 0.49 per cent, while the oil and gas, consumer goods and industrial indices also rose by 0.35 per cent, 0.14 per cent and 0.10 per cent respectively.

The total volume and value of stock traded maintained a positive trend, even as the total deals further fell, thus at the close of the day’s trading, the total volume of stocks advanced marginally by 2.48 per cent to 296.09 million units valued at N2.56bn in 4,507 deals.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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